Explore the latest news, in-depth reports, and executive analysis tagged with #Harshvardhan Lunia.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Its net operating revenue rose 14% year-on-year to Rs 904.9 crore.
Raise Financial plans to invest $15 million to build a direct consumer insurance distribution platform.
Stratzy will continue to function as an independent, wholly owned subsidiary under Raise.
The transaction is expected to be structured as a mix of cash and equity, placing Infinyte Club's valuation somewhere between $13 million and $15 million.
NeoSapien survived three near shutdowns before launch, highlighting how brutal fundraising remains for India’s early-stage hardware startups.
The funding round also saw participation from other investors such as Vi-John Group, Sanjay Singhvi, Bavadeep Reddy, Malani Ventures, Gurshant Singh Bhatia, Upkaran Singh Chawla, Harbir Dhingra, as well as company employees.
Dhan's net profit increased 2.6x to Rs 408 crore in FY25 from Rs 159 crore in the previous fiscal.
This move reflects broader industry trends, as tech companies compete to build advanced cloud systems capable of supporting generative AI technologies.
The dispute centres on what a person aware of the development describes as a dramatic collapse in Lendingkart's lending operations under the current management.
Co-founders Raichand Lunia and Harshvardhan Lunia, along with Mukul Sachan, who had stepped down in 2019, will also infuse capital.
The funding round also saw participation from MUFG Bank, Beenext (an existing investor), along with several family offices and public-market investors.
The appointment of Shah comes amid fresh fund raising activity at Dhan's parent company Raise Financial Services.
Prior to joining Raise, Gupta worked as Group CFO at Arka Fincap. Previously he worked at Indostar Capital Finance and ICICI Bank.
Zerodha, led by the Kamath brothers -- Nithin Kamath and Nikhil Kamath, also held on to its second spot with a 15.58% market share and 7.58 million users.
Joshi’s elevation comes amid strategic leadership changes following a majority stake acquisition by Temasek’s Fullerton Financial Holdings (FFH).
Once approved, India Fintech Foundation (IFF) will be the second Fintech-SRO after Fintech Association of Consumer Empowerment (FACE).
The round was co-led by Prime Ventures, along with participation from LNB Group and existing investors.
With Raise Financials, Filter Coffee will expand its content across short-form videos, and long-form storytelling, delivering fresh perspectives on India’s financial markets.
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
