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The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The round also saw participation from Sony Innovation Fund, Gaja Capital, Artha Ventures and other investors.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
PhonePe said the partnership builds on its Visa device tokenisation offering launched in February 2025.
Circle will also grant Tazapay employees restricted stock units worth an aggregate $25 million after the acquisition closes.
The hiring will focus on engineering, product and treasury operations.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
Enrission India head Harsh Deodhar says that its association with Indian IITs is a "good selling point" to the Japanese LPs.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
The Noida-based startup will use the funding to expand its AI tutoring platform and reach more schools and students.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
Karthik brings more than 25 years of experience spanning operations, technology, analytics, and risk management.
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
The service will be available on select devices from Nokia, HMD, Lava International, and Itel Mobile, with more handset partnerships expected in the coming months.
The merged entity will operate under the InsuranceDekho brand and will be led by founder and CEO Ankit Agrawal.
The funding round also witnessed participation from several industrial entrepreneurs and existing investors, including Nikhil Sawhney and Varun Agarwal.
