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Antler-backed Covrzy rejects two M&A offers, opts to shut down

Antler-backed Covrzy rejects two M&A offers, opts to shut down

01 Apr 2026, 17:43 PM

The startup had raised $386,000 from Antler and Shastra VC at the pre-product and pre-business stage.

Neobank Fi closes banking services on its platform

Neobank Fi closes banking services on its platform

12 Mar 2026, 16:48 PM

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

Fintech startup Niro shuts down after raising $20 million

Fintech startup Niro shuts down after raising $20 million

08 Oct 2025, 15:03 PM

According to the company, it built $100mn in AUM in just over 24 months from launch and saw over 170 million users flow through Niro at peak.

Shark Tank startup Plus Gold shuts shop

Shark Tank startup Plus Gold shuts shop

01 Aug 2025, 17:57 PM

The primary challenges that led to Plus Gold's closure included excessive operational expenses and the capital-intensive nature of the gold investment business.

Blume-backed EV financing startup Ohm Mobility shuts down

Blume-backed EV financing startup Ohm Mobility shuts down

25 Jul 2025, 15:53 PM

Announcing the development, Ohm Mobility founder said the company is winding down operations after it failed to scale and sustain the business.

What led Google-backed DotPe to shut down its lending unit

What led Google-backed DotPe to shut down its lending unit

23 May 2025, 03:35 AM

DotPe’s ambitious foray into financial services has come to a halt barely a year after launch, following a rapid build-up of lending volumes…

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Fintech Highlights

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  2. Atlas raises seed funding co-led by Accel and Stellaris

  3. Hrithik Roshan-endorsed RUGR, Blume-backed IppoPay under DGGI scanner

  4. Sajja Chowdary takes charge as Policybazaar Insurance Brokers CEO after Tarun Mathur's exit

  5. InCred Alternatives closes Rs 1,500 crore first special opportunities credit fund
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AI/Emerging Tech

  1. Nava raises $22 million funding led by Greenoaks Capital

  2. Agentic AI startup Xccelera bags funding from angel investors

  3. InsideFPV executes Rs 10 crore defence contract to supply indigenous drones

  4. Spacetech startup SatLeo Labs bags seed funding led by Unicorn India Ventures

  5. OpenAI raises $122 billion at post-money valuation of $852 billion
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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. 'Guilty, until proven innocent'; The ARR illusion

  2. Rishi Gupta is out on bail. What next?; The cost of frivolous AI use

  3. Fintechs' Dubai Dream; Founders' AI Second Act

  4. A CEO arrested, hearing delayed; Sarvam's AI pitch
  5. Previous editions...

PE/VC Tales

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

  2. TDV Partners bullish on consumer over AI, plans bigger fund

  3. Peak XV top partners exit, a key retention marks a week of upheaval

  4. Silverneedle eyes 10x larger second fund, plans first semiconductor bet
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Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar