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Junio gets RBI approval to operate as PPI provider

Junio gets RBI approval to operate as PPI provider

06 Nov 2025, 12:50 PM

The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

12 Sep 2025, 20:06 PM

The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.

Zaggle buys Rio Money to enter credit card on UPI space

Zaggle buys Rio Money to enter credit card on UPI space

29 Jul 2025, 20:29 PM

Zaggle will leverage Rio Money's network of over 3,400 corporate customers to offer the co-branded Yes Bank Rio RuPay Credit Card to over 3.2 million users.

Zaggle to acquire 45.33% in PoS firm Effiasoft for Rs 36.72 crore

Zaggle to acquire 45.33% in PoS firm Effiasoft for Rs 36.72 crore

28 Mar 2025, 20:51 PM

Zaggle said it received the approval from its board to acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao.

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

Zaggle posts 64% jump in Q2 FY25 revenue; net profit up by 145%

14 Nov 2024, 01:13 AM

The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.

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Fintech Highlights

  1. Stockbroker Dhan acquires GreenLife Insurance Broking

  2. Peak XV, Ribbit, Y Combinator offload 4.7% stake for Rs 5,352 crore in Groww block deal

  3. Court rejects bail to SabPaisa CEO Kumar Manish in online gaming tax evasion case

  4. India's payments boom meets a growing cybersecurity talent gap

  5. Nivasa Finance secures seed funding led by Prime Venture Partners
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AI/Emerging Tech

  1. Fractal Q4 FY26 revenue from operations up 17% to Rs 886 crore

  2. Flo Mobility bags pre-Series A funding co-led by Mela Ventures, Arali

  3. Fi cofounder Sumit Gwalani launches stealth AI venture for enterprises

  4. Skyroot Aerospace becomes India’s first spacetech unicorn after $60 million fundraise

  5. SEBI forms cyber task force amid concerns over AI vulnerability tools
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IPO Tales

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

  2. Shiprocket IPO: A profitable core, costly emerging bets

  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  4. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor
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Money & Machines

  1. Razorpay's IPO + Visa's appointment + AI-IT tieups

  2. The Slice transition; Spyne's R&D obsession

  3. The fintech crackdown continues; The ROI paradox in AI

  4. 'Guilty, until proven innocent'; The ARR illusion
  5. Previous editions...

PE/VC Tales

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

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

  3. Inside the fintech and financial services bets of Peak XV, Accel, Elevation

  4. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund
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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

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