Explore the latest news, in-depth reports, and executive analysis tagged with #Digital Payments.
The funding round also saw participation from existing investors Arkam Ventures and Capital 2B.
The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
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 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 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.
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 transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
The company has appointed former Bajaj Markets executive Manish Pathania to lead the digital lending business.
The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
Sinha, currently an independent director at Airtel Payments Bank, will take charge from October 1 for a three-year term.
The round also saw participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
The venture capital firm has already deployed more than Rs 100 crore across seven startups, including EtherealX and Zebu Intelligent Systems.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
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.
In addition, the company raised Rs 110 crore in debt from IDFC and Axis Bank.
Abu Dhabi's AI and advanced technology investor MGX is one of the investors Mistral is in talks with for the fundraise.
The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.
