Image Credits: Dhiraj Singh / BloombergA number of venture investors and startups are engaging with Bank of Baroda to acquire a stake in the lender’s subsidiary Nainital, according to people familiar with the matter.
Premji Invest, stock broking giant Zerodha and Peak XV-backed fintech startup MobiKwik are among the prospective backers that have held conversations with Bank of Baroda, which has agreed to sell a significant stake in the subsidiary, the people said, requesting anonymity as the deliberations are private.
Private equity firms Multiples and Gaja Capital have also engaged with the lender, one person said. MobiKwik is leading one of the groups that is…
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Source: https://techcrunch.com/2023/10/06/premji-invest-and-zerodha-eye-stake-in-nainital-bank/amp/