Info Edge-backed Tractor Junction receives RBI nod for NBFC arm
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
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The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
The fintech company posted a net profit of Rs 7.6 crore in Q1 FY27, compared to a net loss of Rs 41.9 crore in the corresponding quarter last year.
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The funding round also saw participation from existing investor Negen Capital.
The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.
Total expenses surged 36% to nearly Rs 700 crore during FY26 as compared to Rs 513.8 crore in FY25.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
In this editing, read the fintech reality check; and whether the frenzy around AI is actually translating into funding for Indian startups.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
BharatPe Capital currently manages a loan book of over Rs 1,750 crore and disburses around Rs 3,500 crore annually.
A simple way to look at it is: Meta may have finally found a way to monetize WhatsApp; Cred gets fresh capital; and Kunal Shah gets a global role. But is that really the whole story?
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
Its total income more than doubled to Rs 103.4 crore in FY26 from Rs 47.9 crore a year earlier.
Total income rose 44% to Rs 53.5 crore during the year, up from Rs 37.1 crore in FY25.
Ketan Merchant, interim CEO, Fino, said the collaboration will help the bank develop an asset-light Small Finance Bank.
The Mumbai-based non-banking financial company's net loss widened to Rs 333.27 crore in FY26 from Rs 288.34 crore in the previous year.
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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.