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The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
With the latest approval, PayGlocal plans to strengthen its international payments infrastructure from GIFT City while continuing to build its technology and operational capabilities in India.
The funding round also saw participation from new investors Anant Jain and Sachin Kasera.
The board has cleared the allotment of up to 2.64 crore equity shares at Rs 314.11 per share to a group of non-promoter investors.
The IPO will open on September 24 and close on September 28, while the anchor investor round is scheduled for September 23.
Earlier in May, the venture capital firm sold 6.2 crore shares in a transaction valued at nearly Rs 1,116 crore.
PB Fintech has also authorised a capital infusion of up to Rs 10 crore into PB Wheels Pvt Ltd and Rs 1 crore into PB Financial Account Aggregators Pvt Ltd.
Khara has nearly two decades of experience in product management, financial services and consumer technology.
The government has, however, specified that banks and other system providers cannot impose any charge on RuPay-powered debit cards and UPI payments of up to Rs 2,000.
The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
PhonePe said the partnership builds on its Visa device tokenisation offering launched in February 2025.
Circle will also grant Tazapay employees restricted stock units worth an aggregate $25 million after the acquisition closes.
The hiring will focus on engineering, product and treasury operations.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
