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PB Fintech stated that the advisory does not have any material financial impact on the company.
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.
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.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
The company recorded a 61% year-on-year increase in assets under management (AUM) to Rs 8,001 crore in Q1 FY27.
Aurionpro’s banking and fintech segment generated Rs 201 crore in revenue during the quarter, marking a 4.7% growth.
The latest approval comes after Vested received an IFSCA Global Access Provider (GAP) licence in April.
The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.
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.
The funding round also saw participation from a group of angel investors.
Capillary added it has recovered around Rs 4.9 crore and has identified additional funds while securing the freezing of related bank accounts.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
The development comes just a week after Meta announced a nearly $900 million investment in Indian fintech startup CRED and appointed its founder, Kunal Shah, as the new global head of WhatsApp.
The agency has arrested Worldline India EVP for allegedly facilitating transactions linked to the Falcon Invoice Discounting fraud.
It added 15 of the 28 AI startups in its portfolio have raised externally led follow-on funding rounds from institutional investors including Insight Partners, Peak XV, SIG and Vertex.
As part of the investigation, ED has frozen 129 bank accounts containing balances of Rs 18.4 crore.
The platform's secretariat will be jointly managed by the Payments Council of India (PCI) and the Fintech Convergence Council (FCC).
Shareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
