Slice’s big valuation cut; Betting networks under lens
Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today’s ETtech Top 5.
Slice Small Finance Bank has raised a $100 million round at a valuation of $470 million, down from its previous $1.3 billion valuation before its merger. The new investors include Moore Strategic Ventures, Neo Group, Kado Global, Dhan parent Raise Financial Services, and Blume Ventures. The bank reported a profit of Rs 48.4 crore in FY26 and Rs 50.9 crore in the June quarter, with a loan book of Rs 5,098 crore.
Ola Electric's board is set to consider a fresh fundraising proposal on September 5, following its recent Rs 780 crore QIP. The Directorate General of GST Intelligence (DGGI) has recommended mandatory recording of website details related to illegal betting networks to combat online gaming and betting. Swiggy's shares fell 2% after MSCI announced it would remove the company from its Global Standard Indexes due to foreign ownership restrictions.
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