Naspers-owned PayU Payments has invested Rs 50 crore in its non- banking financial subsidiary PayU Finance. The investment came via issuance of 80 lakh shares, each having a face value of Rs 10 with an added premium of Rs 52, as per data accessed by Tofler.
The digital payments firm’s lending business PayU Finance was formerly known as LazyPay, which allows consumers to pay for a product 15 days after they make the purchase. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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