Revenue

smallcase raises $50 million led by Elev8 Venture Partners

smallcase raises $50 million led by Elev8 Venture Partners

28 Mar 2025, 16:55 PM

The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

Go Digit founder-backed Valueattics becomes first private player to get reinsurer licence

17 Mar 2025, 15:41 PM

As of now, state-owned General Insurance Corporation of India (GIC Re) is the only reinsurer in the country.

M2P Fintech sees decline in operating revenue, export income in FY24

M2P Fintech sees decline in operating revenue, export income in FY24

05 Mar 2025, 18:42 PM

The company witnessed a significant fall in its export income from Rs 19.3 crore reported in FY23 to Rs 4.6 crore in FY24.

BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

25 Feb 2025, 08:57 AM

The NBFC had reported Rs 232 crore in operating revenue in its 2023 financial statement, but its FY24 filings now show revenue of Rs 109 crore for the same period.

Fintech firm Progcap

Fintech firm Progcap's operating revenue doubles in FY24

24 Feb 2025, 22:36 PM

The company’s total expenses grew to Rs 203 crore in FY24, compared to Rs 149 crore in the previous fiscal.

LiquiLoans reports 3.4x jump in FY24 revenues to Rs 696 crore

LiquiLoans reports 3.4x jump in FY24 revenues to Rs 696 crore

12 Feb 2025, 15:49 PM

In August last year, the Reserve Bank of India (RBI) tightened regulations on the peer-to-peer (P2P) lending sector, leading most platforms to halt operations.

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

MobiKwik Q3 losses jump to Rs 55 crore; financial services revenue down by over 50%

04 Feb 2025, 13:41 PM

MobiKwik posted a net loss of Rs 55 crore, compared to a loss of Rs 3.6 crore during Q2FY25; and a profit of Rs 5 crore posted a year earlier.

Paytm invests $1 million to pick 25% stake in Brazil-based fintech

Paytm invests $1 million to pick 25% stake in Brazil-based fintech

03 Feb 2025, 11:52 AM

This investment would help in understanding the merchants' business landscape and opportunity in the Brazilian market, Paytm said.

Policybazaar patent PB Fintech posts 95% jump in Q3 profits to Rs 72 crore

Policybazaar patent PB Fintech posts 95% jump in Q3 profits to Rs 72 crore

03 Feb 2025, 11:13 AM

Insurance broking remained majority revenue driver at Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24.

Upstox reports 8x jump in net profits in FY24

Upstox reports 8x jump in net profits in FY24

03 Feb 2025, 10:58 AM

Upstox's revenue from operation grew to Rs 1311 crore in FY24, compared to Rs 1050 crore in FY23.

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

Paytm Q3 revenue dips 36% yoy, loss narrows to Rs 208.5 crore

20 Jan 2025, 23:38 PM

Employee benefits - the largest cost centre - stood at Rs 756 crore, compared to Rs 1,187 crore reported in Q3 FY24.

Mswipe posts flat revenue in FY24; payments biz turns profitable

Mswipe posts flat revenue in FY24; payments biz turns profitable

02 Jan 2025, 13:44 PM

On consolidated basis, Mswipe saw marginal fall in its losses at Rs 46.2 crore in FY24, from Rs 49 crore reported in FY23.

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 17:48 PM

Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.

ED attaches fresh assets worth Rs 388 crore in Mahadev online betting case

ED attaches fresh assets worth Rs 388 crore in Mahadev online betting case

07 Dec 2024, 19:37 PM

The ED has seized assets valued to the tune of Rs 2295.61 crore in this case.

Wealthtech startup ZFunds raises $3 million from Elevation Capital, others

Wealthtech startup ZFunds raises $3 million from Elevation Capital, others

05 Dec 2024, 11:44 AM

PB Fintech group chief executive officer Yashish Dahiya also participated in the round.

Groww’s valuation falls below $2 billion due to domicile shift back to India

Groww’s valuation falls below $2 billion due to domicile shift back to India

21 Nov 2024, 14:14 PM

If a report is to be believed then Razorpay - which is also planning to move its domicile to India - may see a similar 30-40% cut in fair market value.

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, 18:10 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.

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

13 Nov 2024, 20:43 PM

The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.

Rajeev Misra steps down as co-chief of SoftBank Vision Fund

Rajeev Misra steps down as co-chief of SoftBank Vision Fund

13 Nov 2024, 10:39 AM

Alex Clavel will assume sole leadership as chief executive of both SoftBank Group Corp.’s Vision Fund and SoftBank Global Advisers.

Fintech Hightlights

  1. Travel card fintech Scapia raises $40 million led by Peak XV

  2. Beams Fintech Fund participates in Infinity Fincorp’s $40 millon Series A round

  3. BlackSoil-Caspian Debt merger gets the RBI approval

  4. Plaksha University launches Binny Bansal Institute for Inventing the Future

  5. Groww gets CCI approval to issue bonus shares to Peak XV, Tiger Global, others
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?