Axio

Fullerton-controlled Lendingkart to raise Rs 850 crore from existing investors

Fullerton-controlled Lendingkart to raise Rs 850 crore from existing investors

21 Nov 2025, 11:39 AM

Co-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, who had stepped down in 2019, will also infuse capital.

The same fate of two digital lending posterboys; Healthcare not AI ready?

The same fate of two digital lending posterboys; Healthcare not AI ready?

30 Sep 2025, 14:06 PM

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.

Amazon receives RBI nod for Axio acquisition

Amazon receives RBI nod for Axio acquisition

04 Sep 2025, 17:32 PM

Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.

Amazon to acquire digital lender Axio (Capital Float)

Amazon to acquire digital lender Axio (Capital Float)

17 Jan 2025, 02:22 AM

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.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 17:26 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

Who Reads Us

Fintech Highlights

  1. Infibeam Avenues to rebrand as AvenuesAI, elevates Vishwas Patel as MD & CEO

  2. PhonePe Wealth launches feature to let users invest in MFs starting at just Rs 10 a day

  3. IAN Group marks final close of $100 million IAN Alpha Fund

  4. CredFlow secures NBFC license from RBI

  5. Skydo raises $10 million in Series A funding led by Susquehanna Asia VC
  6. Read more news...

AI/Emerging Tech

  1. India proposes AI companies to pay royalties for using copyrighted work

  2. Former Amazon exec Jatin Jain joins Accel-backed Spyne to lead tech & AI

  3. Amazon to invest $35 billion in India by 2030 to advance AI innovation

  4. SuperBryn bags pre-seed funding led by Kalaari Capital's CXXO

  5. Microsoft commits $17.5 billion investment to boost AI capabilities in India
  6. Read more news...

IPO Tales

  1. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor

  2. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  3. The Bull Run Broker: Inside Groww's $7 billion IPO

  4. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality
  5. Read more news...

Money & Machines

  1. ONDC confused me for years — now AGI is confusing everyone

  2. The Paytm Ledger; How Dunzo's Biswas lit up India's next AI deal wave

  3. Two crises, one theme — how tech is testing fintech and journalism

  4. Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive
  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar