Explore the latest news, in-depth reports, and executive analysis tagged with #Vijay Agicha.
Unobanc adds to a list of strategic or acquisition deals made by Zaggle in the past years.
The round also saw participation from strategic investors and operators, including growth leaders from Anthropic and Chime, the CTO of HubSpot, and the founders of Eppo and Vapi.
Shareholders participating in the sale include State Bank of India, Canada Pension Plan Investment Board (CPPIB), MS Strategic (Mauritius) Limited, Aranda Investments (Mauritius) Pte Ltd and Bank of Baroda, among others.
The funding round was co-led by Sherpalo Ventures and Singapore's sovereign wealth fund GIC.
The statement noted that the partnership is one of the first collaborations between a sovereign LLM provider and a payment aggregator to power AI-driven agentic payments.
PayU noted that D2C brands suffer from significant leakage caused by checkout drop-offs, payment failures, and conversion inefficiencies in the final moments of purchase.
This funding round also includes a portion of the previously announced investments from Microsoft and Nvidia.
As part of the partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core acquiring operations.
The AI startup had last raised $13 billion as part of its Series F funding round in September last year.
Groww Asset Management is also entering into a strategic relationship agreement with the buyer.
The AI startup had last raised $13 billion as part of its Series F funding round earlier in September last year led by ICONIQ.
Emergent will use the fresh capital for product development, and global and team expansion.
The next phase of partnership will help in deploying AI agents powered by Claude's advanced reasoning and Snowflake's governed data and AI environment.
The investment will be part of a strategic deal to deploy at least 10 gigawatts of Nvidia systems for OpenAI’s next-generation AI infrastructure.
Iconiq Capital, a San Francisco-based investment group, is leading the round.
The investment was made at a valuation of $3.5 billion, much lower than the valuation of $6.4 billion when they last raised capital in 2022.
This development comes as Groww prepares for a pre-IPO fundraising round aiming to secure approximately $200 million.
His exit adds to a series of high-profile leadership exits at PayU over last couple of months.
![A top executive at PayU steps down amid leadership changes [Exclusive]](/upload/theheadandtale.com/2024/11/1732811206_payu_lead.jpg)
In recent months, The Head and Tale has exclusively reported on other senior-level departures at PayU India, including Wibmo CEO Suresh Rajagopalan.
