Explore the latest news, in-depth reports, and executive analysis tagged with #Upi.
The funding round also saw participation from existing investors Arkam Ventures and Capital 2B.
The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
PhonePe has emerged as the lowest bidder, but the economics behind the mandate raise questions about how much the company is willing to pay for growth.
The funding round saw participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The funding round also saw participation from India’s national badminton coach Pullela Gopichand, Darwinbox co-founder Rohit Chennamaneni, Swiggy co-founder Nandan Reddy and other angel investors.
Nexedge plans to use the fresh capital to strengthen its technology platform, expand its senior banker network and increase its presence across India, including in tier-II and tier-III cities.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
With the industry shifting from payment aggregators halting third-party routing to the online gaming ban, it will be worth watching how Juspay’s FY26 numbers evolve.
For this special edition, instead of dissecting business, we’re reflecting on something more personal — the state of journalism in the age of AI.
Along with the new role. Nare will continue as the company's Chief Financial Officer (CFO).
Abu Dhabi's AI and advanced technology investor MGX is one of the investors Mistral is in talks with for the fundraise.
American Express announced that customers can use Amex Pay only till July 30, 2025.
The startup will use the fresh investment to expand its team in Bengaluru and London.
The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.
The latest funding round valued the Delhi-based startup at Rs 45 crore.
The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.
According to Sebi, directors failed to discharge duties with unbiased approach while decision-making with respect to matters involving benefits to Paytm CEO Vijay Shekhar Sharma.
MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.
