Friday, March 31, 2023

Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy Instamart

PhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple people in the know. After breaking the story on Thursday morning, we get you details on what led to the failed transaction.

from Tech-Economic Times https://ift.tt/QEk52rt
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...