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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…

Who Reads Us

Fintech Highlights

  1. Kissht raises Rs 278 crore from anchor investors

  2. Go Digit Q4 net premium income flat, profit up 28%

  3. Novio nets Series A funding led by Cornerstone Ventures

  4. Sahi raises $33 million in Series B funding led by Accel Growth

  5. Seed funding sinks 65% as late-stage lifts fintech in Q1 2026
  6. Read more news...

AI/Emerging Tech

  1. Exfinity Venture Partners books 13x returns with partial exit from CloudSEK

  2. OpenAI breaks free from Microsoft cloud exclusivity

  3. Google to invest up to $40 billion in Anthropic

  4. LightFury Games bags $11 million from Blume, MS Dhoni, others

  5. OpenAI and Infosys partner to scale AI across enterprises
  6. Read more news...

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

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

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

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