Amazon agrees to acquire Bengaluru-based digital lending startup Axio, formerly known as Capital Float, for an estimated enterprise value of $150-160 million. Axio, which provides pay-later and credit offers, is awaiting Reserve Bank of India approval. Amazon aims to expand its financial services in India through this acquisition.
Related Posts
India’s gold reserve hike to 855 metric tonnes despite global economic slowdown
India’s gold reserves, managed by the Reserve Bank of India, total 854.73 metric tonnes, with 510.46 metric tonnes stored domestically and 324.01 metric tonnes internationally. […]