Chennai based Fintech SaaS startup, M2P Fintech has acquired Bengaluru-based cloud lending platform Finflux which has more than 60 clients in 15 countries and over 12 million borrowers.
M2P Fintech acquires Finflux
Published by: Team GI Youth
Published on 08, Jul 2022
ALSO READ
SUGAR cosmetics raised $50 million in series D funding round
The Indian beauty brand has raised $50 million in its series D funding round, led by L Catterton. It brings the company one step closer to its plan of going public.
Food brand Yoga Bar to merge with ITC
ITC Limited has announced to acquire D2C health food brand Yoga Bar, a health snack company based in Bengaluru. It will acquire hundred percent of Sproutlife Foods Private Limited founded by Anindita and Suhasini Sampath Kumar over a period of four years.
Fortune’s 40 under 40
Ankit Gupta, a graduate from IIT Bombay pursued his masters at Stanford University. He founded Bicycle Health, a telehealth platform in the US and expanded it to 29 states, treating close to 20,000 patients. He is in Fortune’s 40 under 40 list of 2022.
Drone detects landmines
He was just 15 when he developed a drone that can detect and detonate landmines. His EAGLE A7, built using 3D printer, can detect landmine explosives and send real-time data to ground control station.
Swiggy sells cloud kitchen business to Kitchens@
With the acquisition Kitchens@ founded by Junaiz Kizhakkayi increased its combined gross merchandise value to $65 million. The company plans to further scale it up to $100 million.