#Neo

NeoGrowth raises Rs 85 crore from FMO, LeapFrog

Slice raises $100 million led by Neo Wealth at $450-465 million valuation

The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.

Infineon to acquire Peak XV Partners-backed C2i Semiconductors

The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.

Wispr Flow secures $280 million in Series B funding at $2 billion valuation

The round also saw participation from existing investors Notable Capital, NEA, Neo Ventures and 8VC, along with new investors Acrew, Forerunner, Goodwater and Peak XV.

Neo Group raises Rs 350 crore in funding round led by Peak XV Partners

The investment comes soon after Neo secured funding from TVS Capital earlier in March.

From GFF rumours to ED and GST raids: Mapping the gaming-fintech crackdown

Enforcement Directorate (ED), Directorate General of GST Intelligence (DGGI) actions against online gaming and fintech companies in last couple of months.

Neokred founders sent to judicial custody in betting-related GST evasion probe

Over the past three months, officials from 6-7 fintech firms, including Fino Payments Bank, have been arrested, sent to custody, had their offices searched, or bank accounts frozen in connection with illegal gaming tax evasion cases.

Neosapien: Three near shutdowns and a 'second brain' bet

NeoSapien survived three near shutdowns before launch, highlighting how brutal fundraising remains for India’s early-stage hardware startups.

Neobank Fi closes banking services on its platform

Fi had launched banking services in partnership with Federal Bank in 2021.

Neo secures $25 million funding led by Crystal Investment Advisors

The Mumbai-based company will use the fresh capital for growth initiatives and for operational purposes.

Jupiter raises $15 million from existing investors Mirae Asset, Beenext, 3one4

Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.

Niyo FY25 revenue up 32% to Rs 123.4 crore, narrows losses

Niyo's net losses narrowed to Rs 77.8 crore in FY25 from Rs 143.5 crore in the previous financial year.

Open FY25 revenue almost doubles to Rs 46 crore, net loss at over Rs 100 crore

Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.

Jupiter Money gets IRDAI approval to enter insurance distribution space

The licence allows Jupiter to sell both life and general insurance policies through its app.

Crypto neobank startup PlutoPe bags pre-seed funding

The startup has raised $500,000 in a pre-seed funding round led by Indian investor Manit Gupta.

Open, but not Transparent: Inside the Cracks at India’s 100th Unicorn

Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.

Neo Asset closes second private credit fund at Rs 2,000 crore

Launched three months ago, NSCOF-II -- a SEBI-registered Category II Alternative Investment Fund (AIF) -- is targeting a total corpus of Rs 5,000 crore.

Hitachi Payment's cash management unit gets new CEO

Yusuf Pachmariwala will be succeeding Anup Neogi as ​​Hitachi Cash Management Services' managing director and chief executive officer.

Cross-border neobank Zolve raises $251 million in equity and debt

The Series B round was led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors. This also includes a $200 million warehouse line (debt).

Neobanking platform Jupiter sees senior-level exits amid cost-cutting drive

Prithvi Raj Tejavath, business head - investments, Vivek Agarwal, operations platform head - investments, and Aastha Sood, director-products have resigned from the Bengaluru-based fintech.