Daybreak

The payments giant has been wanting to become a public company but it is missing a reliable and profitable revenue stream

Show Notes

ZestMoney, the BNPL platform, is in the final stages of being acquired by online-payments giant PhonePe. 

But ZestMoney has been unable to get enough scale online. Even after going offline, it failed to manage risks. It saw its losses shoot up by 3X in the last financial year.

PhonePe, meanwhile, has ambitions to expand by venturing into lending.

Can ZestMoney's loss be PhonePe's gain?

Tune in to find out.


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Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

Hosted from The Ken’s newsroom by Snigdha Sharma and Rahel Philipose, Daybreak relies on years of original reporting and analysis by some of India’s most experienced and talented business journalists.