Try Karma Today

Opinion and analysis from a team of private investors for today’s most creative minds in business.

Try Karma Today

Join Karma Premium

Gain exclusive member access to industry briefs, market movements, and in-depth analysis of global economic shifts.

Consumer Demand Dictates the Future of Mobile Payments


Key Market Movements


ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company for $1.27 million on July 25, 2018, putting the bank at a post-money valuation of $12.83 million. ePayLater is the designer of an online payment processing software that offers secure payment services. The investment will allow ICICI to expand its digital lending business.


Plastiq, a developer of a bill payment service platform and a major competitor of Paytm, announced on May 16, 2018 that it raised $27 million in Series B1 and B2 VC funding from Atlas Ventures, Khosla Ventures, and Top Tier Capital Partners. The company has a post-money valuation of $86.83 million.


Paytm E-Commerce, the e-commerce arm of Paytm,

Join Karma Premium

Gain exclusive member access to industry briefs, market movements, and in-depth analysis of global economic shifts.

THIS ARTICLE IS EXCLUSIVE TO

Karma Members

arrow-right-light

Industry News

See what deals are on our radar and why. Every day, we break down the most significant private market headlines and deals.

arrow-right-light

Company & Investor Profiles

Conversations with investors and entrepreneurs we are keeping an eye on.

arrow-right-light

Perspectives from Thought Leaders

Read opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see in key business sectors.

What is Karma Network?

Karma is a content platform for opinion and analysis from today’s leading investors, entrepreneurs and analysts on the risks and opportunities surrounding industry-shaping businesses and ideas.

Related Content