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The funding round also saw participation from existing investors Cactus Venture Partners and India Alternatives.
We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
We write about the transition of Slice, a fintech with a banking licence; and how Spyne's R&D spends is showing up in its revenue numbers.
The funding round saw participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal and other investors.
During Pillai's tenure at SBI, she led the development of fraud detection frameworks.
We write how Airtel's entry into the lending space may be giving sleepless nights to incumbents and fintech NBFCs; and what happens to 'Responsible AI' frameworks under pressure...
Bajaj, founder of fintech firm Slice, succeeds Satish Kumar Kalra, whose tenure as MD and CEO of Slice SFB has ended.
This will enable the company to roll out its new Saathi platform aimed at bringing digital payment services to underserved communities across the country.
What began as a few distressed sale conversations has now widened into a full-blown consolidation wave in India's offline payments space.
The shift in strategy comes as Bajaj Finance looks to reduce capital expenditure and avoid the regulatory obligations.
Project Prometheus has already raised $6.2 billion with a portion of the capital from Amazon.
However, the Bengaluru-based fintech has booked Rs 6.5 crore in profits in the first half of FY26.
Karthak earlier served on the board of slice’s parent company Garagepreneurs Internet prior to its banking merger with North East Small Finance Bank last year.
The branch in Gurugram follows the launch of its first such facility in Bengaluru earlier this year.
Following Saha's resignation, the company has expanded Rajeev Jain's responsibilities to now serve as both vice chairman and managing director.
The company has reportedly briefed the Reserve Bank of India about its fundraising plans.
The news comes shortly after Bajaj Finserv revealed that Allianz is considering an exit from its existing life and general insurance joint ventures with the Bajaj Group.
