Debt

Varthana raises Rs 75 crore in debt funding from OfBusiness, others

Varthana raises Rs 75 crore in debt funding from OfBusiness, others

20 Apr 2025, 20:27 PM

OfBusiness and Oxyzo invested Rs 27.5 crore each, while Ambium Finserve and IKF Finance contributed the remaining Rs 20 crore.

BlackSoil-Caspian Debt merger gets the RBI approval

BlackSoil-Caspian Debt merger gets the RBI approval

02 Apr 2025, 17:20 PM

This marks a crucial step toward finalisation of the merger, with only the National Company Law Tribunal (NCLT) approval remaining.

Perfios acquires debt collections platform CreditNirvana

Perfios acquires debt collections platform CreditNirvana

12 Mar 2025, 18:46 PM

The platform claims that it manages a collection portfolio exceeding $9 billion, handles over 42 million loan accounts, and supports nine types of loan portfolios.

Student lending platform Leap Finance raises $100 million debt from HSBC

Student lending platform Leap Finance raises $100 million debt from HSBC

05 Mar 2025, 22:41 PM

Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India.

OfBusiness

OfBusiness' lending arm Oxyzo secures Rs 100 crore in debt

25 Feb 2025, 03:19 AM

The proceeds will be used to augment the long-term resources of the company and meet working capital requirements.

Agri-tech lender Arya.ag secures $30 million debt via GuarantCo

Agri-tech lender Arya.ag secures $30 million debt via GuarantCo

24 Jan 2025, 15:24 PM

GuarantCo, funded by governments of the UK, Switzerland, Australia, and Sweden, provided two partial guarantees to HSBC India for the loan given to Arya.ag.

Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

14 Nov 2024, 22:40 PM

About 40% of founders prefer venture debt over traditional debt and equity as it is less dilutive, while 30% sees the repayment schedule flexibility as a significant factor.

Yubi (CredAvenue) sees 48% jump in FY24 revenues; loss narrows

Yubi (CredAvenue) sees 48% jump in FY24 revenues; loss narrows

05 Nov 2024, 14:26 PM

The company's losses for the fiscal were Rs 395.8 crore from Rs 509.83 crore in FY23.

Phi Commerce launches debt collection tool for banks and NBFCs

Phi Commerce launches debt collection tool for banks and NBFCs

23 Oct 2024, 18:06 PM

CollectiPhi-360 enables lenders to manage automated, doorstep, offline, partial, and bulk collections.

Navi closes $24.5 million personal loan securitization deal

Navi closes $24.5 million personal loan securitization deal

23 Oct 2024, 17:51 PM

Goldman Sachs is the seventh multinational bank to lend to Navi Finserv.

Fintech Highlights

  1. Partners Group to pick majority stake in Infinity Fincorp for Rs 1,950 crore

  2. Ex-Niyo team floated fintech startup Belong bags seed funding led by Elevation

  3. Credit Wise Capital secures Rs 200 crore funding led by Trident Growth Partners

  4. InPrime Finserv bags fresh funding led by Pravega Ventures

  5. Sahil Kini appointed as CEO of Reserve Bank Innovation Hub
  6. Read more highlights...

AI/Emerging Tech

  1. Microsoft saves $500 million with AI while cutting jobs

  2. Elon Musk's xAI launches newest version of AI chatbot Grok 4

  3. Perplexity launches AI-powered web browser Comet

  4. OpenAI hires from Meta, xAI, Tesla in escalating battle for AI talent

  5. Google rolls out AI Mode in India amid competition from ChatGPT, others
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case