+ Get alerts for Politicians called the dramatic collapse of Silicon Valley Bank the “first Twitter-fueled bank run.” But in the highly networked tech industry, public social media feeds didn’t actually drive the fast-growing anxiety over SVB’s financial position — that happened in private. Channels like messaging platform WhatsApp, email chains, texts and other closed forums were full of chatter over the bank’s financial precarity well before those fears showed up Twitter. In tech, where...

Shares of Paytm rose after India’s leading digital payments brand posted a narrower third-quarter loss with a surge in revenue. The stock gained as much as 7.4% in early trading Monday after the late Friday earnings report, the biggest intraday gain in about two months. Paytm’s net loss in the quarter through December shrank to 3.9 billion rupees ($48 million) from 7.8 billion rupees a year earlier. Revenue from operations rose 42% to 20.6 billion rupees, while total costs climbed at a slower...

BharatPe, one of India’s leading fintech firms, began legal proceedings against its co-founder and his wife for allegedly embezzling and misusing company money, in what could mark the first case of its kind in the nation’s thriving startup ecosystem. The company sued Ashneer Grover and his wife, Madhuri Jain, for damages worth about 880 million rupees ($10.7 million), according to a civil lawsuit filed Wednesday in the Delhi High Court, a copy of which Bloomberg News reviewed. BharatPe has...

Walmart Inc.-owned digital payments brand PhonePe is seeking to raise as much as $1 billion from General Atlantic and existing investors including Tiger Global Management, Qatar Investment Authority and Microsoft Corp., people familiar with the matter said, even as global funding dries up for startups. The all-equity round is expected to close in the next two weeks and may take PhonePe’s valuation close to $13 billion, including new capital invested, said the people, asking not to be named as...

SHARE THIS ARTICLE Share Tweet Post Email Photographer: Nasir Kachroo/NurPhoto via Getty Images Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. At the height of India’s coronavirus lockdown last month, an attorney seeking bail for a client in the western state of Rajasthan came up with a novel way to beat the scorching summer heat. He simply appeared before the judge in his undershirt during a...