The funding round was led by Varun Jaipuri (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam) and Rohan Kumar (DS Group). The fintech said the investors see a great synergy with NYE in getting their retail network of 6 million merchants using the super app for all their requirements like salary and current accounts, payment solutions, retail and business loans.
PSU Bank privatisation is in line, and few strategic investments will remain. If the trends continue, then new investments and capital expansion will continue. Banks will remain financially strong and resilient in 2022.