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TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

28 Aug 2025, 12:25 PM

The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

Peak XV-backed Probo under ED lens: Rs 284 crore assets seized amid online betting allegations

11 Jul 2025, 19:21 PM

The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."

Wealth-tech startup Stable Money raising $20 million led by Nandan Nilekani

Wealth-tech startup Stable Money raising $20 million led by Nandan Nilekani's Fund, others

29 May 2025, 15:47 PM

Stable Money is raising Rs 173 crore (around $20 million) in a round led by Fundamentum Partnership Fund, with participation from Z47, Lightspeed India...

Who Reads Us

Fintech Highlights

  1. Hrithik Roshan-endorsed RUGR, Blume-backed IppoPay under DGGI scanner

  2. Sajja Chowdary takes charge as Policybazaar Insurance Brokers CEO after Tarun Mathur's exit

  3. InCred Alternatives closes Rs 1,500 crore first special opportunities credit fund

  4. Glaas secures $5 million from Fusion Finance founder Devesh Sachdev

  5. KreditBee enters unicorn club with $280 million Series E funding
  6. Read more news...

AI/Emerging Tech

  1. Agentic AI startup Xccelera bags funding from angel investors

  2. InsideFPV executes Rs 10 crore defence contract to supply indigenous drones

  3. Spacetech startup SatLeo Labs bags seed funding led by Unicorn India Ventures

  4. OpenAI raises $122 billion at post-money valuation of $852 billion

  5. IndiaAI Mission CEO Abhishek Singh to move from MeitY to NTA as Director General
  6. Read more news...

IPO Tales

  1. Shiprocket IPO: A profitable core, costly emerging bets

  2. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  3. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor

  4. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO
  5. Read more news...

Money & Machines

  1. 'Guilty, until proven innocent'; The ARR illusion

  2. Rishi Gupta is out on bail. What next?; The cost of frivolous AI use

  3. Fintechs' Dubai Dream; Founders' AI Second Act

  4. A CEO arrested, hearing delayed; Sarvam's AI pitch
  5. Previous editions...

PE/VC Tales

  1. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund

  2. TDV Partners bullish on consumer over AI, plans bigger fund

  3. Peak XV top partners exit, a key retention marks a week of upheaval

  4. Silverneedle eyes 10x larger second fund, plans first semiconductor bet
  5. Read more news...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar