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The funding round also saw participation from existing investors Arkam Ventures and Capital 2B.
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 funding round saw participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The funding round also saw participation from India’s national badminton coach Pullela Gopichand, Darwinbox co-founder Rohit Chennamaneni, Swiggy co-founder Nandan Reddy and other angel investors.
Nexedge plans to use the fresh capital to strengthen its technology platform, expand its senior banker network and increase its presence across India, including in tier-II and tier-III cities.
The Japanese financial services group took the decision to wound down its lending-infrastructure business in December.
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.
PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal.
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.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
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.
American Express announced that customers can use Amex Pay only till July 30, 2025.
The startup will use the fresh investment to expand its team in Bengaluru and London.
The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.
According to Sebi, directors failed to discharge duties with unbiased approach while decision-making with respect to matters involving benefits to Paytm CEO Vijay Shekhar Sharma.
MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
