#Fraud

Lightspeed sells entire PhysicsWallah stake for Rs 550 crore via block deal

TILT launches Rs 250 crore impact-focused venture fund

The fund has attracted backing from the Livelihood Impact Fund as well as prominent entrepreneurs, investors, and philanthropists such as Deep Kalra and Binny Bansal.

Exclusive: Credit Saison shuts down fintech lending infra unit Aumnee

The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.

IRDAI issues advisory and show cause notice to Policybazaar following inspection

PB Fintech stated that the advisory does not have any material financial impact on the company.

Paytm CEO, CFO get SEBI notice over 2023 small-loan disclosure

The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.

Vecton AI raises pre-seed funding led by Zeropearl VC

The Bengaluru-based startup will use the fresh capital to accelerate the development of enterprise-grade AI solutions and strengthen its Forward Deployed Engineer (FDE) model, among others.

Skyroot Aerospace-backer Aum Ventures marks first close of second fund

More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.

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.

Kissht Q1 FY27 revenue jumps 45% to Rs 677 crore, net profit up 59%

The company recorded a 61% year-on-year increase in assets under management (AUM) to Rs 8,001 crore in Q1 FY27.

Aurionpro Q1 FY27 revenue up 6.3% to Rs 358 crore, net profit falls

Aurionpro’s banking and fintech segment generated Rs 201 crore in revenue during the quarter, marking a 4.7% growth.

Vested gets IFSCA PSP approval to expand cross-border payments via GIFT City

The latest approval comes after Vested received an IFSCA Global Access Provider (GAP) licence in April.

FireAI raises fresh funding from existing investor SucSEED

The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.

Thinking Machines Lab launches its first AI model Inkling

Thinking Machines said the model uses nearly a third of the tokens required by Nvidia's Nemotron 3 Ultra to achieve comparable coding performance on one benchmark.

Alchemic secures pre-seed funding led by AJVC

The funding round also saw participation from a group of angel investors.

Capillary Technologies hit by cyber fraud at overseas subsidiary

Capillary added it has recovered around Rs 4.9 crore and has identified additional funds while securing the freezing of related bank accounts.

Kissht parent OnEMI's AUM crosses Rs 8,000 crore in Q1

Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.

Shiprocket IPO: A profitable core, costly emerging bets

Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.

Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.