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Life Insurance Corporation of India (LIC) emerged as the largest anchor investor, picking up shares worth Rs 400 crore.
Earlier this year, other lending companies such as Kissht and Aye Finance also cut their IPO size, as valuation concerns grew.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
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.
PB Fintech stated that the advisory does not have any material financial impact on the company.
In this piece, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt refinancing; and how protests against Google's proposed data centre have opened up a larger conversation around water...
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
Insurance premium generated through the platform grew 41% year-on-year to Rs 8,372 crore, driven by strong growth in health and protection insurance segments.
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.
The round also saw participation from Pentathlon Ventures, Silicon Road Ventures, and existing investor Titan Capital.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
The IPO preparations come as InsuranceDekho continues to work on its merger with insurance distribution platform RenewBuy.
The fund will primarily target seed and Series A startups, with a focus on companies building practical AI-powered applications for consumers and enterprises.
Simo joined OpenAI’s board in 2024 before taking charge of the newly created CEO of Applications role in 2025.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
