Explore the latest news, in-depth reports, and executive analysis tagged with #Fintech.
Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
The company's net profit increased 53.8% to Rs 724.70 crore in Q2 FY27.
The round also included participation from IPV, LetsVenture, Launch Capital, AVNM Ventures and Navyug Global Ventures.
Digital gold purchases value via UPI increased to Rs 2,585.35 crore in September from Rs 2,488.52 crore in August.
Meta described the models as its most capable AI models to date, designed to handle complex tasks for personal and professional use.
The fund is targeting a total corpus of Rs 1,500 crore, including a green-shoe option, with NABARD as its anchor investor.
The company, however, added that it remained adjusted EBITDA positive at Rs 33 crore, excluding non-cash ESOP costs.
![UPI MDR Delay: PhonePe meets govt officials; NPCI Steering Committee Meeting cancelled today [Exclusive]](/upload/theheadandtale.com/2026/10/1791547094_aa1c7337de_upi_2.jpg)
With NPCI also holding meetings with government departments, uncertainty over the October 15 rollout continues, sources say.
To improve cash flows, the Council has proposed faster processing of GST refunds.
The funding round also saw participation from Stargazer.
The proposed introduction of a Merchant Discount Rate (MDR) on UPI transactions, which was starting from October 15, is likely to be deferred to January.
The funding round also saw participation from a group of angel investors.
Total expenses of the company declined 12% to Rs 376.8 crore during the fiscal from Rs 426.7 crore in FY25, aided by a sharp reduction in impairment costs.
In August, PhonePe accounted for a 45.64% share of UPI transaction volume, followed by Google Pay at 32.26% and Paytm at 8.03%.
Niyo’s total operating expenses grew 20% to Rs 201 crore in FY26, compared with Rs 168 crore in the previous fiscal.
Existing investors Z47 and Lok Capital participated in the round along with Norinchukin Capital and Alteria Capital.
The average ticket size for digital NBFC loans stood at Rs 18,802, up around 15% from FY26.
Several victims allege they paid thousands to GSUnite for fintech software that was never delivered as promised.
