Vantage Point by EMVC - Jul 11 2025
Updates to keep up with the latest in fintech from our vantage point.
Welcome back,
This week, Zepto is in talks to raise $500M. Buyout funds are making bids to acquire controlling stake in Nuvama. Credit Wise Capital raised $23M in funding. There is also a weekend read from Bloomberg.
From the team at EMVC.
If you’re a fintech startup or thinking about starting up, we’d like to meet you. At EMVC, we’ve worked with founders of Slice, M2P, Khatabook, Bureau and many others from their early days.
Weekend read: India weighs first new bank licenses in a decade to fund growth - Bloomberg. "Indian authorities are exploring steps to create more, larger and stronger banks to fund what is expected to be one of the fastest paces of growth in the world for coming decades...Prime Minister Narendra Modi wants to convert India into a developed economy by 2047...The global shift in supply chains offers him a once-in-a-lifetime opportunity to achieve this goal but, to meet his ambition of boosting gross domestic product 10 times to about $30 trillion by 2047, funding from banks must increase to about 130% of GDP from 56% currently.."
Zepto is in talks to raise $500M led by General Catalyst and Avenir. This investment is expected to value the company at $7Bn. Reportedly, the company has ~5M Daily Active Users and serves 1.5M orders per day.
Private Equity investors including CVC Capital, Permira, EQT and others are in talks to acquire Nuvama Wealth Management. The deal to buy a controlling stake in the company from PAG could potentially be worth $1.6Bn. Nuvama has 1.6M clients and $1.3Bn in Assets Under Management (AUM).
Non-bank lender Credit Wise Capital raised $23M led by Trident Growth Partners. The company has $75M in lending AUM.
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