PhonePe, a leading digital payments and financial services platform in India, is gearing up for a public debut. Owned by Walmart and headquartered in Bangalore, the company has filed confidential draft papers with India’s market regulator, SEBI, to raise $1.35 billion through a pure offer for sale (OFS). This method,...
Kiril Sokoloff: “This is India’s Moment”
Kiril Sokoloff, a global investment strategist is the founder and CEO of 13D Research & Strategy. Sokoloff claims to have predicted significant global market shifts over the past four decades such as the disinflation in 1983, the rise of oil prices in the 2000s, and the ascension of Donald Trump...
Stripe Invests in India: Acquires Recko, Backs Clear and Xflow
Financial services and SaaS company, Stripe, dual-headquartered in San Francisco, and Dublin, Ireland, acquired Bangalore-based Recko a global financial operations platform that enables businesses track and automate payments reconciliation, covering both outgoing and incoming payments. Features and products launched by Stripe to cover other aspects of the payments process include...