Super.money, India’s UPI payments platform backed by Flipkart, has acquired BharatX, a checkout financing platform while gaming platform Nazara Technologies has picked up a 60% stake in Funky Monkeys Play Centre. Separately, InCred Finance, the lending arm of InCred Group, is acquiring the gold loans business of TruCap Finance.
InCred to buy gold arm of TruCap Finance
InCred Finance, the lending arm of InCred Group, said it has signed a deal to buy the gold loans business of TruCap Finance via a slump sale.
The acquisition is expected to bring with it a network of 115 branches, a customer base exceeding 40,000, a team of 550+ employees and an AUM of over Rs 650 crore.
This strategic acquisition will provide InCred Finance with a headstart in the gold loans business, accelerating its go-to-market timeline by 24-36 months, the firm said in a statement.
The company did not disclose the deal terms.
Super.money buys BharatX
Super.money, India’s UPI payments platform backed by Flipkart, has acquired BharatX, a checkout financing platform.
With BharatX’s technology, the company aims to integrate the buy now, pay later (BNPL) and installment-based payment solutions directly into UPI transactions, simplifying access to credit for millions of users, YourStory reported.
“We want to be one of the largest players in checkout financing within the next few quarters,” Super.money CEO and founder Prakash Sikaria said in the report. “We believe there is a scarcity in the market for flexible credit options, and this acquisition helps us build a sustainable, scalable model.”
Nazara takes 60% stake in Funky Monkeys Play Centre
Gaming platform Nazara Technologies said it has bought a 60% stake in Funky Monkeys Play Centre Private for Rs 43.7 crore.
Launched in 2012, Funky Monkeys Play Centers has 11 indoor play centres designed for children aged 1 to 12 years.
Last year, Nazara said it would allocate about Rs 830 crore towards strategic mergers and acquisitions over the next 24 months.
