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Fintech highlights of the day

Fintech highlights of the day

05 Oct 2024, 03:27 PM

Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.

UPI 30% volume cap to even miss December 2024 deadline

UPI 30% volume cap to even miss December 2024 deadline

19 Feb 2024, 10:03 PM

In April 2024, PhonePe held 48.3% market share in terms of the total UPI volume processed; while Google Pay captured 37.4% share.

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Fintech Highlights

  1. Razorpay hires engineering leaders from Microsoft, Salesforce, CRED, Divyam.ai to bolster AI push

  2. Mintoak acquires Dubai's ICC Loyalty to expand banking rewards offerings

  3. Info Edge-backed Tractor Junction receives RBI nod for NBFC arm

  4. RBI elevates Monisha Chakraborty as Executive Director

  5. MobiKwik Q1 FY27 revenue up around 4% to Rs 281 crore
  6. Read more news...

AI/Emerging Tech

  1. Former Swiggy, Zomato execs' AI startup Profound bags seed funding

  2. Kily bags Rs 30 crore funding led by Sorin Investments

  3. Sarvam AI raising $74 million in extended Series B funding led by Nvidia

  4. Drone startup SUIND bags seed funding led by Transition VC

  5. Revspot bags Series A funding co-led by Inflexor Ventures, Info Edge Ventures
  6. Read more news...

IPO Tales

  1. Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?

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

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

  4. Shiprocket IPO: A profitable core, costly emerging bets
  5. Read more news...

Money & Machines

  1. Money & Machines: Postpaid is back. The golden era isn't; What Sarvam's Chaplot bet signals

  2. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  3. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  4. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge
  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

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

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

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