Venture Capital

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

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

03 Apr 2025, 22:09 PM

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

smallcase raises $50 million led by Elev8 Venture Partners

smallcase raises $50 million led by Elev8 Venture Partners

28 Mar 2025, 16:55 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

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

05 Mar 2025, 18:42 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

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

04 Mar 2025, 12:09 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

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

28 Feb 2025, 11:23 AM

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

Walmart-backed PhonePe picks 4 investment banks for its IPO

26 Feb 2025, 19:49 PM

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

OfBusiness

OfBusiness' lending arm Oxyzo secures Rs 100 crore in debt

24 Feb 2025, 22:49 PM

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

MobiKwik acquires 3.39% stake in API infra startup Blostem Fintech

23 Feb 2025, 20:43 PM

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

InCred buys Dubai-based financial advisory firm Arrow Capital

20 Feb 2025, 18:41 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

Lizzie Chapman quits Reliance-backed API infra company Swiffy Labs

20 Feb 2025, 18:38 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

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

05 Feb 2025, 11:26 AM

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)

Amazon to acquire digital lender Axio (Capital Float)

16 Jan 2025, 21:53 PM

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?

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

06 Jan 2025, 09:49 AM

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

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 17:48 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

Mintifi raises $180 million funding at $850 million valuation

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.

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

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

11 Dec 2024, 11:45 AM

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

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

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

05 Dec 2024, 11:44 AM

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

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

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

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.

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

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

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.

Fintech Hightlights

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

  2. Beams Fintech Fund participates in Infinity Fincorp’s $40 millon Series A round

  3. BlackSoil-Caspian Debt merger gets the RBI approval

  4. Plaksha University launches Binny Bansal Institute for Inventing the Future

  5. Groww gets CCI approval to issue bonus shares to Peak XV, Tiger Global, others
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

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