#Indusind Bank

Blacksmith raises Series B led by Peak XV Partners

Paytm CEO, CFO get SEBI notice over 2023 small-loan disclosure

The matter relates to Paytm’s December 6, 2023 announcement that it would reduce the distribution of personal loans below Rs 50,000, particularly its postpaid loans.

RBI identifies 17 NBFCs in upper layer under revised framework; Tata Sons stays on list

The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.

Aham Housing Finance raises Rs 100 crore funding led by Sanmar Group

The funding round also saw participation from existing investor Negen Capital.

IPO-bound OfBusiness FY26 revenue falls 7% to Rs 20,645 crore

The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.

BusinessNext raises Series C funding led by ServiceNow Ventures at $700 mln valuation

The latest round gives ServiceNow Ventures an around 5% stake in the Noida-based company.

FireAI raises fresh funding from existing investor SucSEED

The Mumbai-based startup will use the fresh capital primarily to scale its enterprise sales infrastructure and fund advanced research and development.

Veriqus secures Rs 387 crore funding led by Norwest Venture Partners

The company will use the fresh capital to expand its network of wealth creators, and enhance its AI-powered wealth management platform, among others.

Paytm shelves bonus share proposal, commits Rs 100 crore to Paytm Money

The capital infusion in Paytm Money will be used towards technology investments, regulatory capital requirements and expanding the company's investment and wealth management offerings.

Kissht gets AMFI registration for mutual fund distribution biz

The registration is valid from July 13, 2026, to July 12, 2029, allowing the company to distribute mutual fund products.

Avendus invests Rs 140 crore in Parag Parikh Financial Advisory Services

The deal involved acquiring stakes from existing promoters, including Chairman and CEO Neil Parag Parikh and Wealth Management President Khushboo Joshi.

SpaceXAI launches Grok 4.5

The new model was trained using tens of thousands of Nvidia GB300 GPUs.

Indian govt asks WhatsApp to pause username feature rollout over fraud concerns

The development comes just a week after Meta announced a nearly $900 million investment in Indian fintech startup CRED and appointed its founder, Kunal Shah, as the new global head of WhatsApp.

BharatPe rebrands lending business Trillionloans as BharatPe Capital

BharatPe Capital currently manages a loan book of over Rs 1,750 crore and disburses around Rs 3,500 crore annually.

Kapture CX raises pre-Series B funding led by Bajaj Finserv Ventures

The funding round also saw participation from existing investors Cactus Venture Partners and India Alternatives.

Prosus' PayU India posts first full-year operating profit in FY26

Revenue rose 13% to $781 million for the year ended March 31, 2026.

JustAI secures $17 million in Series A funding led by Base10

The round also saw participation from strategic investors and operators, including growth leaders from Anthropic and Chime, the CTO of HubSpot, and the founders of Eppo and Vapi.

Mitigata raises Series B funding led by Bessemer Venture Partners

The funding round also saw participation from existing investors Nexus Venture Partners, Titan Capital and WEH Ventures.

ED raids Safexpay, Decentro, others in online investment fraud probe

As part of the investigation, ED has frozen 129 bank accounts containing balances of Rs 18.4 crore.

SIDBI Fund of Funds: Professional, pricey, and playing favourites?

Ten years after the launch of SIDBI's Fund of Funds, it is time to examine how the institution evolved alongside India's startup ecosystem.