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Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

07 Jul 2026, 17:22 PM

In this editing, read the fintech reality check; and whether the frenzy around AI is actually translating into funding for Indian startups.

Ex-Meta AI chief Yann LeCun

Ex-Meta AI chief Yann LeCun's AMI Labs bags over $1 billion in seed funding

10 Mar 2026, 13:15 PM

The round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, along with other investors and angels across the world.

Mysa bags fresh funding co-led by Blume, Piper Serica

Mysa bags fresh funding co-led by Blume, Piper Serica

27 Jan 2026, 15:39 PM

The funding round saw participation from Ikemori Ventures, Raise Financial Services, QED Innovation Labs, and existing investors Antler, IIMA Ventures, and Neon Fund.

IIM Calcutta, Ratan Tata Hub join hands to support AP startups

IIM Calcutta, Ratan Tata Hub join hands to support AP startups

19 Jan 2026, 21:42 PM

Selected ventures under the program will be provided funding of up to Rs 2 crore.

IIM Calcutta Innovation Park appoints former defence veteran V K Rai as new CEO

IIM Calcutta Innovation Park appoints former defence veteran V K Rai as new CEO

03 Dec 2025, 17:28 PM

Prior to this appointment, Rai held several critical positions in the Indian Navy, including Joint Director at the Directorate of Marine Engineering.

IBM opens Agentic AI Innovation Center in India

IBM opens Agentic AI Innovation Center in India

17 Jul 2025, 22:04 PM

The centre will enable clients and partners build AI agents, fine-tune small language models (SLMs) to power them, and audit the entire process.

Sahil Kini appointed as CEO of Reserve Bank Innovation Hub

Sahil Kini appointed as CEO of Reserve Bank Innovation Hub

07 Jul 2025, 11:37 AM

Kini will replace Rajesh Bansal, the founding CEO of the Reserve Bank Innovation Hub.

Cred raises $72 million led by GIC in a downround

Cred raises $72 million led by GIC in a downround

11 Jun 2025, 14:22 PM

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.

Who Reads Us

Fintech Highlights

  1. B Capital closes $500 million fund

  2. PhonePe Insurance CEO Vishal Gupta steps down to start new venture

  3. Kissht parent OnEMI's AUM crosses Rs 8,000 crore in Q1

  4. Temasek sells stake worth Rs 1,634 crore in PB Fintech via block deal

  5. NPCI chief Dilip Asbe appointed to Swift's global supervisory board
  6. Read more news...

AI/Emerging Tech

  1. Mowito raises pre-seed funding led by Version One Ventures

  2. Capillary Technologies hit by cyber fraud at overseas subsidiary

  3. India working on tighter regulations for VPN providers

  4. Meta launches Pocket app for creating games with AI prompts

  5. India extends username review to Telegram, Signal
  6. Read more news...

IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  2. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

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

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test
  5. Read more news...

Money & Machines

  1. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  2. Money & Machines: When fintech forgot to party; AI hype missing cheques + Stock Chart [story]

  3. Money & Machines: MobiKwik's Third Lending Act; The Entry-Level Squeeze

  4. Money & Machines: RBI's quiet signals; Tamil Nadu's AI act
  5. Previous editions...

PE/VC Tales

  1. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  2. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  3. Micro VCs: Fueling India's startup pipeline or distorting it?

  4. Inside the fintech and financial services bets of Peak XV, Accel, Elevation
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]