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The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
The six-month extension is expected to provide some breathing room to PAs that were unlikely to complete the exercise across their entire merchant base by September 15.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
PhonePe has emerged as the lowest bidder, but the economics behind the mandate raise questions about how much the company is willing to pay for growth.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
The value of securities brokers and dealer transactions via the unified payments interface (UPI) jumped 21.01% month-on-month to Rs 73,752.37 crore in July from Rs 60,945.24 crore in June.
With the latest funding, the microfinance institution has raised Rs 70 crore in total funding during the current financial year ending on March 31, 2027.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
A year after launching ChatGPT Go in India, Sam Altman-led OpenAI has gone far beyond selling a cheaper subscription, building partnerships and local talent...
PB Fintech stated that the advisory does not have any material financial impact on the company.
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
The funding round also saw participation from DeVC, Antler India, Panthera Peak, and a group of angel investors.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
