Uncovering the Power Structures Driving Fintech, AI, and Emerging Tech

OpenAI valuation touches $500 billion as employees sell shares

03 Oct 2025, 11:47 AM

The shares were bought by investors including SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price.

Thinking Machines Lab unveils first product Tinker

02 Oct 2025, 17:03 PM

In July, Thinking Machines Lab had also attracted a whopping $2 billion in a seed funding round even before making the product public.

What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

30 Sep 2025, 14:15 PM

Sep 26th Edition: Here's what followed our online gaming ban story — from late-night calls and even a bribe offer...Also, we explore whether VCs have spotted their ‘Lovable’ in India yet?

The same fate of two digital lending posterboys; Healthcare not AI ready?

30 Sep 2025, 14:06 PM

Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.

UNLEASH Capital Partners hits final close of first fund at Rs 300 crore

30 Sep 2025, 12:35 PM

The fund witnessed backing from around 35 Japanese Limited Partners (LPs), or investors, underlining continued interest from Japan in India's startup ecosystem.

Vibe-coding startup Anything bags $11 million in Series A funding

30 Sep 2025, 11:49 AM

Earlier, the startup had raised $5.5 million in seed funding round from Bessemer Venture Partners, Uncork Capital, and Shopify CEO Tobi Lütke.

Emergent raises $23 million in Series A round led by Lightspeed

25 Sep 2025, 14:46 PM

The funding round saw participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors.

Exclusive: Former PayU India executive's startup Zinc shutting down operations?

25 Sep 2025, 13:12 PM

Launched in 2024, the fintech firm raised $25.5 million in seed round led by Nexus Venture Partners. Quona Capital, Saison Capital also participated in the round.

Cohere raises additional $100 million as it scales enterprise AI tech

25 Sep 2025, 11:51 AM

This funding round has taken the startup's valuation to around $7 billion.

Gullak bags $7.5 million in Series A round led by Chiratae Ventures

24 Sep 2025, 15:43 PM

The funding round saw participation from White Venture Capital and Samved Ventures, along with existing investors Y Combinator, GMO Venture Partners, and Rebel Funds.

Oolka raises $7 million in seed funding led by Lightspeed, Z47

24 Sep 2025, 15:15 PM

The funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal.

OnFinance AI bags $4.2 million in pre-Series A round led by Peak XV's Surge

23 Sep 2025, 12:34 PM

The Bengaluru-based startup will use the fresh capital to expand its proprietary BFSI-focused AI models and accelerate research and development initiatives among others.

AI startup Hyperbound secures Series A funding led by Peak XV

17 Sep 2025, 13:06 PM

The startup will use the fresh capital to expand its AI-powered sales training platform and enhance its product offerings.

FinBox raises $40 million in Series B round led by WestBridge Capital

17 Sep 2025, 12:02 PM

The funding round also saw participation from existing investors A91 Partners and Aditya Birla Ventures.

Pelocal bags $5 million in Series A funding

16 Sep 2025, 12:36 PM

The Noida-based startup will use the fresh capital to boost its existing use cases, accelerate product development and push its go-to-market strategy.

The untold story of India's robotics boom – and why it almost didn't happen

11 Sep 2025, 07:56 AM

With investors circling and startups scaling, India is facing a pivotal question: will policy and capital align to make it a true robotics hub?

Stripe launches new blockchain company Tempo in partnership with Paradigm

05 Sep 2025, 12:17 PM

Matt Huang, Stripe board member and co-founder of Paradigm will lead Tempo.

Amazon receives RBI nod for Axio acquisition

04 Sep 2025, 17:32 PM

Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.

Accel, Celesta, Gaja, others form alliance for deep tech bets in India-domiciled enterprises

02 Sep 2025, 14:54 PM

Each member of the alliance will commit "meaningful private capital" over 5-10 years to India-based deep tech companies.

Peak XV managing director Harshjit Sethi quits

02 Sep 2025, 12:05 PM

The top VC firm over the past year has seen a series of exits of its managing directors, including Shailesh Lakhani, Abheek Anand, Piyush Gupta.

Aye Finance net profit halves to Rs 30 crore in June quarter

28 Aug 2025, 14:47 PM

Aye Finance's total income jumped almost 19% to Rs 416.13 crore in the June quarter this year from Rs 350.64 crore in the same period last year.

NBFC CredRight raises $10 million in Series B funding

26 Aug 2025, 12:09 PM

The investment also saw participation from existing investors Michael & Susan Dell Foundation and Unleash Capital.

Weaver to raise $170 million from Lightspeed, Premji Invest, Gaja Capital

19 Aug 2025, 18:06 PM

The fresh capital will be used to accelerate technology platform development and expand into secondary and tertiary markets.

Westbridge Capital-backed Credgenics acquires Arrise

19 Aug 2025, 12:30 PM

The combined entity now aims to achieve joint annual revenue of Rs 850 crore within the next three-year period.

OpenAI employees looking to sell shares worth $6 billion to Softbank, others

18 Aug 2025, 12:29 PM

Thrive Capital and Dragoneer Investment Group are the other two investors which may buy shares from the ChatGPT maker's employees.

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

16 Aug 2025, 13:35 PM

The fintech firm alleges that the IPO lead manager DAM Capital has withheld Rs 42 crore meant for IPO-related expenses.

Pine Labs appoints Avendus Capital's Sameer Kamath as CFO

08 Aug 2025, 10:12 AM

Kamath replaces Marc Mathenz, who exited Pine Labs in June, just before the filing of the draft red herring prospectus (DRHP) with Sebi.

Rainmatter invests in former Zerodha advisor floated company

07 Aug 2025, 17:50 PM

This is Capitalmind's first institutional funding round and it comes after the launch of its mutual fund business.

Zype bags Rs 90 crore in Series B funding

06 Aug 2025, 13:03 PM

Existing investor Xponentia Capital participated in the funding round.

MSME lender Kinara Capital hit by liquidity crisis after lenders set off Rs 81 crore

03 Aug 2025, 22:38 PM

After posting a profit of Rs 62 crore in FY24, the nbfc Kinara Capital swung to a loss of Rs 351 crore in FY25.

SiMa.ai raises $85 million led by Maverick Capital

01 Aug 2025, 21:48 PM

SiMa.ai founder and CEO Krishna Rangasayee said the funding will fuel the company's global expansion and accelerate the scale-up of its Physical AI.

AI startup Anaconda raises $150 million in Series C led by Insight Partners

01 Aug 2025, 13:42 PM

The new funding, which values the startup at about $1.5 billion, will be invested in new AI features, strategic acquisitions, market expansion.

Anthropic close to raising fresh funding at $170 billion valuation

30 Jul 2025, 14:18 PM

Iconiq Capital, a San Francisco-based investment group, is leading the round.

Navi raises Rs 170 crore in debt led by PhillipCapital

28 Jul 2025, 17:33 PM

NDX Finserve, Arpee Group, Ambit Finvest and Grey Grass India participated in the funding round.

Pine Labs-owned Setu ropes in Razorpay, PhonePe, PayU execs for key roles

25 Jul 2025, 14:48 PM

The Bengaluru-based API infra company Setu has appointed former Razorpay executive Prashanth Nimmagada as its chief technology officer.

Insurtech startup Bharatsure secures Rs 6 crore funding from IPV, others

25 Jul 2025, 11:37 AM

The company plans to use the fresh capital to enhance its insurance technology platform and broaden its embedded insurance and group coverage services in India.

AI agent enablr Composio raises $25 million in Series A

23 Jul 2025, 11:50 AM

The startup will use the fresh capital to develop its learning infrastructure for its agentic AI offerings and expand its team.

At a Glance: Sebi-penalized Jane Street's many fintech, AI bets

16 Jul 2025, 18:26 PM

The recall value of Jane Street's name has shot up in the past weeks after India's SEBI barred the entity from accessing the Indian securities market for manipulating trades.

Fractal Analytics raises $170 million via secondary share sale ahead of IPO

15 Jul 2025, 18:01 PM

As part of the transaction, existing investor Apax Partners sold a 6% stake in the company to a consortium of 22 institutional investors.

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

11 Jul 2025, 19:21 PM

The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."

Ex-Niyo team floated fintech startup Belong bags seed funding led by Elevation

09 Jul 2025, 12:20 PM

The startup will use the fresh capital to expand its presence in geographies that have a sizable NRI presence such as the Gulf, the UK and the US.

Credit Wise Capital secures Rs 200 crore funding led by Trident Growth Partners

09 Jul 2025, 11:39 AM

The fresh capital will help the company boost its secured loan portfolio, strengthen its proprietary SaaS lending platform and expand its presence in underserved regions.

MobiKwik-backed Blostem bags seed funding

30 Jun 2025, 19:17 PM

The latest funding round valued the Delhi-based startup at Rs 45 crore.

Pazy secures pre-seed funding led by Inuka Capital

26 Jun 2025, 12:36 PM

The Bengaluru-based startup will use the fresh capital to boost its product capabilities, strengthen it ecosystem integrations, and grow the platform to Rs 10,000 crore in annual spend under management over the next year.

Mahaveer Finance raises Series C funding from Elevation Capital, others

19 Jun 2025, 11:55 AM

The fresh capital will be used to boost its presence in southern India, enhance its proprietary credit infrastructure, and expand its lending to underbanked customer segments.

Techfino secures Rs 65 crore funding from Stellaris, Saison

18 Jun 2025, 11:43 AM

The Bengaluru-based company will use the capital to double its branch network from 30 to 60 branches in the next 12 months.

UGRO Capital to acquire Profectus for $162 million

17 Jun 2025, 20:56 PM

The acquisition is expected to add around Rs 150 crore of annualized profit to UGRO.

Saswat Finance bags pre-Series A funding led by Ankur Capital

17 Jun 2025, 16:06 PM

Saswat Finance will use the fresh capital to launch new products, strengthen its technology capabilities and boost its operations across Maharashtra, Karnataka and Uttar Pradesh.

Razorpay picks majority stake in consumer payments platform POP

17 Jun 2025, 13:58 PM

POP had raised $2.4 million in its seed funding round led by India Quotient and angel investors last year.

Cross-border payments startup Aspora bags $53 million in Series B funding

16 Jun 2025, 16:11 PM

The fresh capital takes the company's total equity fundraise across seed, Series A and Series B rounds in the last 10 months to about $93 million.

FamApp's co-founder exiting startup via secondary stake sale

16 Jun 2025, 13:12 PM

The fintech startup has struggled to raise fresh capital since its Series A funding round of $38 million in 2021.

Open, but not Transparent: Inside the Cracks at India’s 100th Unicorn

12 Jun 2025, 11:53 AM

Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.

Uni Cards spun off entity PowerUp raises money from Accel, Blume

11 Jun 2025, 13:49 PM

In February, The Head and Tale reported that PowerUp Money raised $4.75 million to build a next-generation wealth management platform.

API infra firm Decentro raises Rs 30 crore in Series B led by Info Edge

06 Jun 2025, 11:30 AM

InfoEdge Ventures led the round, along with participation from Stargazer Ventures and Infinyte Club Angel Fund.

Zerodha's NBFC unit posts Rs 36 crore revenues, Rs 12.5 crore net profit for FY25

30 May 2025, 22:05 PM

The rating agency ICRA said Zerodha Capital witnessed a "healthy" scaleup in its loan against securities book to Rs 381 crore as on December 31, 2024.

MSME lender Saarathi Finance raises Rs 350 crore in funding

29 May 2025, 16:05 PM

TVS Capital Funds, Lok Capital, Evolvence Equity Partners, Paragon Partners, and other angels collectively invested about Rs 350 crore in the NBFCs.

SME lender Finodaya Capital raises $2.5 million led by White Venture Capital

25 Apr 2025, 17:16 PM

Finodaya will operate on a hybrid “phygital” model, blending digital services with a physical branch presence to streamline loan disbursement and underwriting.

Juspay raises $60 million funding led by Kedaara Capital

07 Apr 2025, 17:24 PM

Existing investors Softbank and Accel Partners also participated in this round.

Asha Ventures Fund I secures $10 million commitment from British International Investment

07 Apr 2025, 16:17 PM

The investment marks a significant milestone as Asha Ventures Fund I moves closer to its target corpus of $91 million, the VC firm said.

Easebuzz raises $30 million funding led by Bessemer Venture Partners

07 Apr 2025, 16:11 PM

The round, which is a mix of primary (Rs 200 crore) and secondary financing (Rs 40 crore), also included existing investors 8i Ventures and Varanium Capital.

Travel card fintech Scapia raises $40 million led by Peak XV

04 Apr 2025, 01:39 AM

Existing investors Elevation Capital, Z47, and 3STATE Capital also participated in the round.

smallcase raises $50 million led by Elev8 Venture Partners

28 Mar 2025, 21:25 PM

The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.

M2P Fintech sees decline in operating revenue, export income in FY24

05 Mar 2025, 23:12 PM

The company witnessed a significant fall in its export income from Rs 19.3 crore reported in FY23 to Rs 4.6 crore in FY24.

Collections platform CredResolve raises $1.1 million led by Japanese VC UNLEASH Capital

04 Mar 2025, 16:38 PM

The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence.

Education financing startup Lorien Finance raises $2.25 million led by FlatIronX

28 Feb 2025, 15:53 PM

Additional investors include Seedstars International Ventures, Ahimsa Capital, ex-Paytm COO Bhavesh Gupta, ex-BharatPe MD Ashneer Grover, others.

Walmart-backed PhonePe picks 4 investment banks for its IPO

27 Feb 2025, 00:19 AM

PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.

OfBusiness' lending arm Oxyzo secures Rs 100 crore in debt

25 Feb 2025, 03:19 AM

The proceeds will be used to augment the long-term resources of the company and meet working capital requirements.

MobiKwik acquires 3.39% stake in API infra startup Blostem Fintech

24 Feb 2025, 01:13 AM

Founded in 2021 by Ravi Jain and Sandeep Garg, Blostem is a B2B banking infrastructure platform specializing in Fixed Deposit (FD) aggregation.

InCred buys Dubai-based financial advisory firm Arrow Capital

20 Feb 2025, 23:11 PM

Post acquisition, InCred Global Wealth will manage assets exceeding $2 billion across Dubai, Singapore, and London.

Lizzie Chapman quits Reliance-backed API infra company Swiffy Labs

20 Feb 2025, 23:08 PM

Chapman co-founded Swiffy Labs in August 2023 after stepping down from her previous venture ZestMoney.

Cashfree raises $53 million led by Korean firm Krafton, Apis Partners

05 Feb 2025, 15:56 PM

The capital will accelerate Cashfree’s payments offering and boost market outreach, the Bengaluru-based payment aggregator said in its statement.

Amazon to acquire digital lender Axio (Capital Float)

17 Jan 2025, 02:22 AM

Once the acquisition receives regulatory approval, it will make Amazon the first big tech company in India to gain access to an NBFC license through Axio.

Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?

06 Jan 2025, 14:10 PM

This story delves into Stashfin’s business operations – which have largely remained out of the public and media spotlight, as the company prefers to keep things under wraps.

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 22:18 PM

Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.

Mintifi raises $180 million funding at $850 million valuation

11 Dec 2024, 16:20 PM

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.

Digital lender Avanti Finance raises $14.2 million from Dia Vikas Capital, others

11 Dec 2024, 16:15 PM

Existing investors IDH Farmfit Fund, NRJN Family Trust, Rabo Partnerships and select HNIs.

Wealthtech startup ZFunds raises $3 million from Elevation Capital, others

05 Dec 2024, 16:14 PM

PB Fintech group chief executive officer Yashish Dahiya also participated in the round.

Crypto startup BitSave raises pre-Series A led by Leo Capital

26 Nov 2024, 23:19 PM

The company plans to use the funds to secure regulatory licenses, enhance its product portfolio, and boost brand visibility.

Rural lending startup SarvaGram raises $67 million funding led by Peak XV

14 Nov 2024, 23:18 PM

With the latest round, the Pune-based SarvaGram Solutions has raised Rs 950 crore ($113 million) in total funding till date.

Rajeev Misra steps down as co-chief of SoftBank Vision Fund

13 Nov 2024, 15:09 PM

Alex Clavel will assume sole leadership as chief executive of both SoftBank Group Corp.’s Vision Fund and SoftBank Global Advisers.

KYC startup Equal raises $10 million in Series A led by Prosus, others

11 Nov 2024, 17:20 PM

The funding will go towards scaling operations, forging strategic partnerships, and developing a digital framework for improving the data-sharing ecosystem in India.

Easy Home Finance raises $35 million in Series B funding

06 Nov 2024, 16:48 PM

The latest round brings the total capital infusion into the company to over $100 million in equity and debt financing.

Yubi (CredAvenue) sees 48% jump in FY24 revenues; loss narrows

05 Nov 2024, 14:26 PM

The company's losses for the fiscal were Rs 395.8 crore from Rs 509.83 crore in FY23.

Finova Capital raises $135 million in Series E

05 Nov 2024, 02:49 AM

Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.

Former PayU exec’s startup raises $25.5 million in seed round

05 Nov 2024, 02:34 AM

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.

Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

11 Oct 2024, 17:01 PM

And for those curious minds, The Head and Tale has learnt that the settlement wasn’t unanimous.

WiseX Aurum in disarray as CEO resigns; employees' future uncertain

26 Sep 2024, 21:49 PM

The development comes just over a year after Aurum Proptech acquired Myre Capital (which is now WiseX Aurum) in May 2023.

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 17:26 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

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