Investors gung-ho about embedded finance startups, with a word of caution

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Daily Capsule | 11th May 2022

Hello Readers,

Embedded finance is not a new concept, and has been in existence for the past many years. Look around, and all the Big Techs are in finance now.

Whether it’s an Apple credit card or an offering from Google, Facebook, or Amazon, all the big tech companies have now supplemented their software and hardware offerings with extensive financial arms.

However, the momentum of embedded finance among digital platforms has only now started to gain traction as they look to offer services beyond just wallets. By offering financial services, they can subtly lock in their users and bring them deeper into their respective ecosystems, besides adding new income streams.

Today, companies across industries like insurance, grocery, logistics, manufacturing, and ecommerce are looking to launch their customised embedded financial services or maybe add a new business vertical altogether. Read more .

Here are other highlights of today's Daily Capsule:

Editor’s Pick: Network the right way!
Startup Spotlight: Mosaic Wellness
News and updates and more…

Editor’s Pick: Network the right way!

“Entrepreneurship is all about creating opportunities where none exist. Networking allows an entrepreneur to explore the uncharted path,” says Vineet Toshniwal, Founder and CEO, BizzO.

If one were to list down the essential skills a successful entrepreneur must possess, networking would definitely make it to the top five. Read more .

Startup Spotlight

This Kunal Shah-backed startup wants to be your health coach

Amidst the COVID-19 outbreak as consumers and providers sought ways to safely access and deliver healthcare, telehealth or digital health consultation saw massive traction.

To deliver consumer-centric and affordable telehealth consultations, investor-turned-entrepreneur Revant Bhate and Dhyanesh Shah launched digital healthcare and wellness startup Mosaic Wellness in 2020. The Mumbai-based startup runs two digital health platforms – Man Matters and Be Bodywise. Read more .

The CapTable

How Freshworks tapped Silicon Valley veterans ahead of IPO

In 2020 and 2021, Freshworks hired a slew of top-notch executives in Silicon Valley to shape itself into a public company.

At least six of them feature in the senior ranks of the Nasdaq-listed SaaS player today. Here’s a look at the C-suite members who report to Founder and CEO Girish Mathrubootham.

News & Updates

Crypto exchange CoinDCX announced the launch of CoinDCX Ventures – an investment initiative funding early-stage crypto and blockchain startups. The rough size of the initial fund is Rs 100 crore, deployed over 12 months, and sourced purely from its own balance sheet.
BharatPe, embroiled in a boardroom battle with Co-founder and former MD Ashneer Grover for the past few months, has announced “a set of measures to strengthen internal processes and controls.” It has also "initiated necessary action against the former Founder to claw back his restricted shares as per the shareholders’ agreement."
Union Minister of Civil Aviation Jyotiraditya Scindia, along with NITI Aayog CEO Amitabh Kant, launched an experience studio on drones to create a collaborative ecosystem that will foster innovation and the adoption of drones for public services at NITI Aayog.
Tinder’s parent company, Match Group, is suing Google over the company's Play Store policy , wherein it is liable to pay up to 30 percent of sales made via its app listed on Google's app store. Match calls this a "last resort" action to prevent being removed from the storefront.

Startup Funding: Deals of the day

Startup

Amount

Round

Razorpay

$75 million

Secondary ESOP Sale

Skillmatics

$16 million

Series B

In Case You Missed It*

*A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy

The Reserve Bank of India is once again seeking to defend its currency when the Federal Reserve is tightening. This time though, analysts expect it to mount a more limited defence, aimed at fending off the worst of speculative attacks rather than holding down a line in the sand when capital flows are shifting globally with the Fed set to hike throughout the year.
Bitcoin investors are in panic mode as the controversial terraUSD (UST) stablecoin slips further from its intended $1 peg, as it is sitting on billions of dollars in Bitcoin. Traders worry the project might have sold, or will sell, a large portion of its Bitcoin to prop up UST.
There’s a 50-50 chance of surpassing the critical global heating threshold of 1.5 degrees Celsius over the next five years, according to a new study. Climate prediction centres, led by the UK Met Office, said the chance of the planet temporarily exceeding the key global temperature limit has significantly increased.

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Before you go, stay inspired with...

— Mabel Chacko, Co-founder and COO, Open

"It’s important to give yourself a pat on the back."

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