Daily Newsletter | January 21, 2020
Wealth 
Demand for Credit Card and Personal Loan Soars, Defaults Also Rise: CIBIL
Experts believe credit growth in lending categories amidst the slowdown indicates household's reliability on credit for daily expenses.. Read more
India Economy 
IMF Cuts Growth Outlook For India to 4.8% for FY20, Drags Global Number Down
The agency cut the country's 2019 economic growth from the 6.1 per cent that it estimated in October, citing a sharper-than-expected fall.. Read more
Car Rental 
[Funding Alert] This Self-Driving Car Rental Start-up Will Ramp Up Its Growth Efforts With Newly Raised Funds
The agency cut the country's 2019 economic growth from the 6.1 per cent that it estimated in October, citing a sharper-than-expected fall.. Read more
Foodtech 
Foodtech Space Sizzles As Zomato On-boards Uber Eats India
The India Unicorn announced the acquisition of Uber's food delivery business in India in an all-stock transaction.. Read more
Funding 
[Funding Alert] AI-Driven Vernacular Start-up Instoried Raises Funds From SOSV
This is the second seed round funding raised by Instoried. The start-up last raised funds in August 2019 from Venture Catalysts and Jain.. Read more
           
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