Tuesday, May 16, 2023

ZestMoney founders to exit troubled fintech; Amazon hikes seller fee, lays off staff in India

Capping months of twists and turns surrounding the ZestMoney-PhonePe deal, founders of the BNPL startup said they are leaving the cash-strapped startup. We’ve been on top of this deal ever since November last year, and have all the details on Monday’s development. This and more in today’s ETtech Morning Dispatch.

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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-...