SYFE
ETtech Deals Digest: Startups raise $142.7 million this week, up 8.5% on-year
Startups across seed, early and late stages raised the funds through 14 deals, compared to 64 in the year-ago period. Top deals across the week included Syfe, Udaan, Pepperfry and Stable Money.
Price wars hurt payment firms; CG Power’s fab play falters
Happy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
Wealthtech platform Syfe closes $80 million funding round, plans to expand tech team in India
Wealth management platform Syfe has raised $53 million, led by UK family offices. The total round reached $80 million, including a previous $27 million raise in August 2024. Founded by Dhruv Arora, Syfe operates in Singapore, Hong Kong, and Australia, with a tech centre in Gurugram. The funds will be used to support tech hiring.
5paisa Capital Appoints Gaurav Seth the Chief Executive Officer
5paisa Capital has appointed Gaurav Seth as its new CEO. Seth has over two decades of experience in technology and wealth management. He previously worked at Syfe and Paytm Money and has led digital transformation projects at Morgan Stanley. Seth’s appointment aims to deepen 5paisa's offerings for traders and investors and enhance its tech platform.
ETtech Deals Digest: Startup funding surges 170% YoY to $238 million this week
The funds were raised by startups, mostly in the early and late stages, through 23 rounds. In the same week last year, $88.3 million was raised through 15 rounds, data from Tracxn showed.
Byju’s-BCCI settlement in trouble; Ola Electric Q1 loss widens
In a setback for Byju’s, the Supreme Court has stayed the NCLAT's approval of its settlement with the BCCI. This and more in today’s ETtech Top 5.
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Wealthtech platform Syfe raises $27 million from Peter Thiel's Valar Ventures, others
Singapore-based Syfe is committed to investing in Indian talent and growing its team here, founder Dhruv Arora said.
InterviewVector raises undisclosed amount of seed funding from Titan Capital, others
InterviewVector connects organizations to on-demand pre-vetted interviewing panels which provides better flexibility and scale to schedule interviews.
BharatPe appoints Vijay Aggarwal as its chief technology officer
Aggarwal, who in his most recent stint was head of engineering at digital wealth management startup Syfe, was previously vice president of technology at online supermarket Grofers.
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