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The allegations against the Razorpay directors arise from an SFIO investigation into a network of 33 companies, including Mad Elephant Network Technology.
The company's net loss narrowed 67.1% to Rs 25.83 crore in Q2 FY27 from Rs 78.45 crore in Q2 FY26.
India's space-tech startups are attracting billion-dollar valuations and investor interest, but weak revenues and uncertain commercial prospects raise questions about the boom's sustainability.
Seafund and other investors also participated in the round.
The allotment follows the company's board approval on October 23 and shareholders' approval at an extraordinary general meeting held on October 14.
Veefin also outlined its next growth strategy around its platform designed to help businesses build and deploy AI-powered digital employees for specific operational tasks.
The new consolidated framework tightens cybersecurity obligations for non-bank payment operators, mandating annual system audits and faster reporting of cyber incidents.
The company's insurance revenue increased 1.7% to Rs 2,720 crore during the September quarter from Rs 2,675 crore in Q2 FY26.
MobiKwik plans to enter the lending business directly, complementing its existing Lending Service Provider (LSP) operations and partnerships with banks and financial institutions.
A BharatPe spokesperson said Unity's board must comply with the court’s directions and exercise independent judgment in the interests of all stakeholders, including minority shareholders.
The round also saw participation from Aranya Holdings and Naandi Ventures, while existing investors AUM Ventures and Shakti VC also invested in the startup.
Total expenses grew 24.5% to Rs 876.5 crore in Q2 FY27 from Rs 704.1 crore in the corresponding quarter last fiscal year.
Banks and NBFCs must report cyber incidents to CERT-In and RBI's DAKSH portal within six hours of detection.
NTSL will focus on emerging technology areas beyond NPCI's core payments business, including artificial intelligence.
A confidential RBI advisory, dated November 3, sets timelines for implementing safety measures; mandates CERT-In-empanelled audits for NBFCs and beneficiary whitelisting for API-based payouts.
CERT-In identified four AI-driven offensive security tools being used in the campaign: ARTEX, PentAGI, Cairn and CyberStrikeAI.
The funding round saw participation from its existing backers Pentathlon Ventures and AVNM Ventures.
The committee will be chaired by the Deputy Governor overseeing RBI’s Financial Markets Regulation Department (FMRD).
The Bengaluru-based company had confidentially submitted its draft red herring prospectus (DRHP) to the market regulator in June 2026.
The service will be available to users across India, including those who are not existing Fibe customers.
