11 Dec 2024, 11:58 AM
Around 21 funds invested through the anchor placement round, including around 10 domestic funds.
11 Dec 2024, 11:50 AM
In a mix of primary and secondary transaction, Mintifi’s initial investor Lok Capital, exited as part of the secondary sale, while IFC partially sold its stake.
11 Dec 2024, 11:45 AM
Existing investors IDH Farmfit Fund, NRJN Family Trust, Rabo Partnerships and select HNIs.
11 Dec 2024, 11:27 AM
The funding will be used to expand the NBFC's lending portfolio, providing private schools and vocational students in tier II and tier III cities...
11 Dec 2024, 11:22 AM
CASHe’s total expenses increased by 22.4% to Rs 665.8 crore FY24, up from Rs 544.1 crore in FY23.
07 Dec 2024, 19:52 PM
The Tiger Global-backed Plum Insurance saw its losses decline by 54% to Rs 25.5 crore from Rs 55 crore in FY23.
07 Dec 2024, 19:37 PM
The ED has seized assets valued to the tune of Rs 2295.61 crore in this case.
07 Dec 2024, 19:08 PM
One97 Communications Singapore (Paytm Singapore), has approved sale of stock acquisition rights (SARs) held in PayPay Corporation for Rs 2,364 crore.
06 Dec 2024, 22:22 PM
The company posted a net loss of Rs 401.15 crore in FY24, compared to Rs 405.66 crore in the previous fiscal year
06 Dec 2024, 22:06 PM
RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.
06 Dec 2024, 21:49 PM
Paytm entered the Japanese market in 2018 through a partnership with PayPay Corporation, a joint venture between SoftBank and Yahoo Japan.
05 Dec 2024, 12:39 PM
Mosambee's profits grew by 86.7% to Rs 28 crore in FY24, from Rs 15 crore reported in the previous financial year.
05 Dec 2024, 11:55 AM
The wallet limit for UPI Lite has been raised from Rs 2,000 to Rs 5,000, while the cap for offline transactions has been doubled from Rs 500 to Rs 1,000.
05 Dec 2024, 11:44 AM
PB Fintech group chief executive officer Yashish Dahiya also participated in the round.
05 Dec 2024, 11:39 AM
PB Fintech will subscribe to 50,000 shares at a face value of Rs 10 per share aggregating to Rs 5 lakh, and will retain 100% ownership of the proposed entity.
02 Dec 2024, 18:49 PM
In October, the banking regulator had barred Navi Finserv and three other NBFCs to "cease and desist" from sanction and disbursal of loans.
02 Dec 2024, 16:27 PM
In October 2024, Prosus acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million.
02 Dec 2024, 16:01 PM
Recent data from the National Cybercrime Reporting Portal reveals a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily...
02 Dec 2024, 13:17 PM
Around 15% of PhonePe’s payment gateway volume is currently being processed through Juspay.
30 Nov 2024, 13:56 PM
Bansal still owns about 1% of PhonePe and continues to be largest individual minority shareholder in the firm.
26 Nov 2024, 19:06 PM
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
26 Nov 2024, 18:49 PM
The company plans to use the funds to secure regulatory licenses, enhance its product portfolio, and boost brand visibility.
26 Nov 2024, 18:43 PM
The company has already secured $8.5 million (Rs 71.4 crore) with the rest to come in one or more tranches.
21 Nov 2024, 14:14 PM
If a report is to be believed then Razorpay - which is also planning to move its domicile to India - may see a similar 30-40% cut in fair market value.
21 Nov 2024, 13:35 PM
The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.
21 Nov 2024, 13:16 PM
Nish Kotecha will guide the digital payments company in its IPO planned in the next 12 months.
21 Nov 2024, 12:59 PM
The company is in talks with one of India's large public sector banks for the deployment of its new platform.
21 Nov 2024, 12:38 PM
The startup plans to utilize the fresh capital for growing its lending business vertical, developing multiple new products and hiring.
21 Nov 2024, 12:11 PM
The company reported Rs 1,009 crore in revenue for FY23. However, when it filed its FY24 financials, the FY23 numbers were reflected as Rs 10.22 crore only.
18 Nov 2024, 20:28 PM
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
18 Nov 2024, 11:48 AM
The Gurugram-based wealth-based fintech witnessed its losses grow to Rs 82.55 crore in FY24 from Rs 73.87 crore in FY23.
14 Nov 2024, 18:48 PM
With the latest round, the Pune-based SarvaGram Solutions has raised Rs 950 crore ($113 million) in total funding till date.
14 Nov 2024, 18:10 PM
About 40% of founders prefer venture debt over traditional debt and equity as it is less dilutive, while 30% sees the repayment schedule flexibility as a significant factor.
14 Nov 2024, 17:43 PM
Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).
14 Nov 2024, 17:21 PM
InsuranceDekho's revenue from operations surged to Rs 743.6 crore for the fiscal year, ending March 2024 from Rs 96.5 crore reported in the previous fiscal.
13 Nov 2024, 20:43 PM
The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.
13 Nov 2024, 10:39 AM
Alex Clavel will assume sole leadership as chief executive of both SoftBank Group Corp.’s Vision Fund and SoftBank Global Advisers.
13 Nov 2024, 10:10 AM
The initiative, launched in partnership with Peak XV and Lightspeed, targets sectors like fintech, e-commerce, healthcare, and education.
12 Nov 2024, 20:10 PM
The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.
12 Nov 2024, 17:40 PM
The company's net profit after tax rose to Rs 47.47 crore, up 16.7% from Rs 40.69 crore earned in Q2 FY24.
11 Nov 2024, 15:03 PM
Coinswitch parent PeepalCo's losses came down by 65% to Rs 151.4 crore ($18.13 million) in FY24 against Rs 434.2 crore in the previous year.
11 Nov 2024, 13:27 PM
The funding will go towards scaling operations, forging strategic partnerships, and developing a digital framework for improving the data-sharing ecosystem in India.
11 Nov 2024, 12:32 PM
Perfios reported Rs 71.7 crore in profit after tax, up from Rs 7.79 crore in FY23.
11 Nov 2024, 12:07 PM
The Bengaluru-based company is "piloting with half a dozen sizable merchants that will be over by the end of this year."
11 Nov 2024, 11:36 AM
Juspay earned Rs 287 crore in revenues from payment platform integration fees as compared to Rs 196 crore in FY23.
07 Nov 2024, 19:48 PM
The company posted a net profit of Rs 51 crore in the September quarter compared to Rs 60 crore profit recorded in the June quarter.
07 Nov 2024, 16:17 PM
The Gurugram-based company's revenue also saw a significant jump of 58%, rising to Rs 674 crore from Rs 427 crore in Q2 FY24.
07 Nov 2024, 15:55 PM
WazirX proposed launching a decentralised exchange as well as a recovery token as part of its recovery strategy.
06 Nov 2024, 12:18 PM
The latest round brings the total capital infusion into the company to over $100 million in equity and debt financing.
06 Nov 2024, 10:33 AM
The sale of Insider.in helped Paytm post its first-ever net profit Rs 930 crore in the second quarter ended September 2024.
05 Nov 2024, 10:15 AM
The fintech is reportedly working with three insurance companies to co-create an insurance product.
05 Nov 2024, 09:56 AM
The company's losses for the fiscal were Rs 395.8 crore from Rs 509.83 crore in FY23.
04 Nov 2024, 22:25 PM
The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.
04 Nov 2024, 22:19 PM
Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.
04 Nov 2024, 22:15 PM
The fintech startup Slice announced the merger proposal in October 2023, and it received approval from the NCLT, along with necessary regulatory approvals,
04 Nov 2024, 22:08 PM
The company posted profit after tax of Rs 34 crore in FY24 as compared to Rs 7 crore in FY23.
04 Nov 2024, 22:04 PM
The company plans to use the funds to enhance product innovation and broaden its offerings, particularly in global investment tools, AI-driven university counseling, and cross-border payment solutions.
04 Nov 2024, 21:58 PM
The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.
04 Nov 2024, 21:54 PM
This announcement follows InsuranceDekho’s recent acquisition of a composite insurance broking license from IRDAI.
04 Nov 2024, 21:43 PM
The new investment app hosts two offerings – digital gold and fixed deposits.
04 Nov 2024, 21:39 PM
The insurer's profit after tax jumped 221.4% to Rs 89 crore from Rs 28 crore in Q2 FY24.
24 Oct 2024, 14:29 PM
The unauthorized use of UPI IDs include, accessing customer names, bank account statuses, alternate UPI IDs, and verify customer mobile numbers.
24 Oct 2024, 14:28 PM
The news comes shortly after Bajaj Finserv revealed that Allianz is considering an exit from its existing life and general insurance joint ventures with the Bajaj Group.
24 Oct 2024, 14:07 PM
In his new role, Shakdher will work closely with Paytm CEO Vijay Shekhar Sharma.
23 Oct 2024, 16:31 PM
Apart from new investors coming in, existing shareholder General Atlantic is also expected to pick additional stake.
23 Oct 2024, 16:29 PM
The alleged transfer included $72.13 million to Bybit and $1.5 million to KuCoin, Coinswitch co-founder Ashish Singhal posted on social media.
23 Oct 2024, 16:20 PM
Z47 (previously known as Matrix India Partners), an early investor in the Gurugram-based fintech and commerce startup, is also looking to sell its stake.
23 Oct 2024, 14:36 PM
CollectiPhi-360 enables lenders to manage automated, doorstep, offline, partial, and bulk collections.
23 Oct 2024, 14:34 PM
The deal, which includes an investment of up to Rs 252 crore ($30 million), is awaiting regulatory approval.
23 Oct 2024, 14:26 PM
The new funding will be used to enhance AI capabilities, expand customer acquisition, and grow the workforce.
23 Oct 2024, 14:23 PM
The top-performing sectors in Q3 2024 included alternative lending, investment tech, and payments.
23 Oct 2024, 14:21 PM
Goldman Sachs is the seventh multinational bank to lend to Navi Finserv.
23 Oct 2024, 14:18 PM
PhonePe controls 48% market share in terms of volume of transactions; Google Pay (37.4%) and Paytm (7%).
23 Oct 2024, 14:01 PM
Acko reduced its losses by 9.3% to Rs 670 crore in FY24, down from Rs Rs 738.5 crore the year before.
21 Oct 2024, 12:58 PM
Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.
