Startup Street: PayU acquires PaySense and checking in with Simba
Startup Street spoke to Siddhartha Jajodia, global head of credit at PayU and Prashanth Ranganathan, founder and CEO of PaySense.
Payments app, PayU is consolidating its India digital credit offering and has merged its consumer lending business LazyPay with digital credit platform, PaySense. PayU will acquire a controlling stake and will invest $200 million as equity capital in the new enterprise. To know more about this merger, Startup Street spoke to Siddhartha Jajodia, global head of credit at PayU and Prashanth Ranganathan, founder and CEO of PaySense.
India's home-grown beer market has gained a lot of popularity in the past few years, thanks to Indian millennials wanting more than just dad beers. While the decade-old Indian craft beer industry is still nascent with a market share of just 2-3 percent, several startups are looking to create a niche in this space.
One such brand is Simba that is giving a tough fight to the popular Indian brand Bira. Simba set up its flagship brewery in Durg, Chhattisgarh as opposed to importing its beer from other markets and bottling it in India. Startup Street checked in with the founder Prabhtej Singh Bhatia to talk about his brewing business and what it takes to set up a consumer-facing brand in a highly regulated sector in India.
High Street Essentials, the parent company of apparel brands like Faballey and Indya has raised Rs 8 crore in venture debt from Trifecta Capital. Co-founded by childhood friends Tanvi Malik and Shivani Poddar in June 2012, the duo first started off with a women's' western wear brand, Faballey. In 2016, they launched Indya which is an ethnic-fusion brand. And just last year, they also launched its third brand Zyra to tap into the fashion jewellery market. To know more about the recent fundraise, Startup Street spoke with Tanvi Malik.
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