Moulishree Srivastava

Overall deal activity in India has been robust over the last two months with Indian startups raising USD 1.3 billion.

The total coronavirus cases have shot up to 29, spooking the masses in India.

In China, which has been severely impacted by the coronavirus outbreak, Oyo plans to let go of 50% of its 6,000 direct full-time employees.

Almost 57% of the fintech funding went into payments companies that are eying to grab a larger chunk of India’s soon-to-be USD 1 trillion digital payments market.

Oppo Kash comes three months after Xiaomi and RealMe entered financial services space in India.

The startup aims to lend about USD 138.3 million (INR 1000 crores) by the end of the next financial year.

VCs start 2020 with an all-time high of USD 7 billion in hand for India investments.

Last month, Oyo laid off around one-third of its staff or about 360 employees in the US.