Abhishek Gaur
28 Oct 2024
Dairy tech startup Country Delight has raised an additional ₹130 crore in debt funding from Alteria Capital.
• The funds will be used to expand operations, enhance capacity, and strengthen marketing initiatives.
• Country Delight, founded in 2015, delivers milk and other dairy products directly to consumers.
• The company has raised over $248 million in funding to date.
Fintech startup Slice has successfully completed its merger with North East Small Finance Bank (NESFB). The integration of these two entities marks a significant milestone in the Indian fintech landscape, paving the way for expanded financial services and enhanced customer experiences.
By combining the strengths of both organizations, the merged entity aims to offer a wider range of financial products and services to customers. This includes credit cards, personal loans, and other banking solutions. The merger is expected to accelerate financial inclusion in India, particularly in the Northeast region, where NESFB has a strong presence.
The successful completion of the merger highlights the growing trend of consolidation in the Indian fintech industry. As fintech startups mature and seek to scale their operations, strategic partnerships and mergers have become increasingly common.
Slice's journey from a BNPL platform to a full-fledged banking entity showcases the rapid evolution of the fintech sector in India. The company's focus on leveraging technology to provide innovative financial solutions has positioned it as a key player in the market.
The merger is expected to have a positive impact on the Indian startup ecosystem. It demonstrates the potential for fintech startups to collaborate with traditional financial institutions to drive innovation and create value for customers. As more fintech companies explore similar partnerships, the Indian financial landscape is poised for further transformation.
Source: Inc42
