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Money & Machines

Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

30 Sep 2025, 01:50 PM

August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

What India's Gaming Ban Reveals About UPI; Why RBI wants AI to Fix Finance

01 Sep 2025, 12:02 PM

In today’s edition, we uncover the messy underbelly of India’s gaming ban and its deep ties to UPI; and can RBI’s FREE-AI framework finally push finance into the AI age?

Journalism was already dying — AI wasn't the culprit

Journalism was already dying — AI wasn't the culprit

01 Sep 2025, 11:48 AM

For this special edition, instead of dissecting business, we’re reflecting on something more personal — the state of journalism in the age of AI.

IRCTC enters payments where giants bleed; RIP of RIP in AI

IRCTC enters payments where giants bleed; RIP of RIP in AI

01 Sep 2025, 11:45 AM

We dig into the payments ambitions of IRCTC; and the curious haste with which some social media “gurus” are declaring entire professions dead because of AI.

Fintech founders shaping policy; India on AI map?

Fintech founders shaping policy; India on AI map?

01 Sep 2025, 11:41 AM

In today's newsletter we have our take on Sahil Kini's shift from startup founder to policymaker, and India's journey towards potentially becoming the third pole in the AI universe.

Who Reads Us

Fintech Highlights

  1. BlackSoil provides Rs 80 crore acquisition financing for Mintoak's ICC Loyalty buy

  2. RBI identifies 17 NBFCs in upper layer under revised framework; Tata Sons stays on list

  3. Fisdom founders set to exit Groww following completion of acquisition integration

  4. PB Fintech Q1 FY27 revenue up 40% to Rs 1,348 crore, net profit jumps 92%

  5. Elevation Capital offloads Paytm stake worth Rs 2,038 crore via bulk deals
  6. Read more news...

AI/Emerging Tech

  1. Solinas Integrity secures Series A1 funding co-led by Mela Ventures, Hero Enterprise Family Office

  2. Capillary Technologies Q1 FY27 revenue up 43% to Rs 256 crore

  3. Former Swiggy, Zomato execs' AI startup Profound bags seed funding

  4. Kily bags Rs 30 crore funding led by Sorin Investments

  5. Sarvam AI raising $74 million in extended Series B funding led by Nvidia
  6. Read more news...

IPO Tales

  1. Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?

  2. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  3. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  4. Shiprocket IPO: A profitable core, costly emerging bets
  5. Read more news...

Money & Machines

  1. Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals

  2. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  3. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  4. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
  5. Previous editions...

PE/VC Tales

  1. 'Traditional fintech SaaS still very valuable', says Cedar Hill Capital's Sahil Anand

  2. Inside the fintech bets of Blume Ventures

  3. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  4. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]