PhonePe wins PoS terminal contract from IOCL, but at what cost?
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.
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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 acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
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.
Pando.ai will continue to operate as a separate brand, with its existing product and company identity.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
The acquisition is expected to bolster DSP Finance’s offerings in loans backed by financial assets, particularly mutual funds.
The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
The company’s net profit increased 8.6 times to Rs 33.9 crore in Q1 FY27 from Rs 3.9 crore a year earlier.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
The acquisition also gives GalaxEye access to StarOps’ qualified satellite bus platforms in the 50 kg, 150 kg and 250 kg categories.
BlackSoil said it backed the transaction citing Mintoak's banking partnerships, profitable growth and scalable business model.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
Groww had acquired Fisdom in an all-cash transaction valued at around $150 million in October 2025, marking one of the largest consolidation moves in India’s wealthtech space
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
With the industry shifting from payment aggregators halting third-party routing to the online gaming ban, it will be worth watching how Juspay’s FY26 numbers evolve.
The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.