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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.
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 latest searches are part of the agency's wider investigation into suspected foreign exchange violations involving cryptocurrency platforms.
Total expenses rose 9% to Rs 419 crore during the quarter from Rs 384.5 crore in the year-ago period.
The company's net profit increased 42.3% to Rs 129.48 crore in Q2 FY27 from Rs 90.98 crore in the corresponding quarter last fiscal.
The Bengaluru-based SaaS company's net profit jumped to Rs 21.92 crore in Q2 FY27 from Rs 0.29 crore in the year-ago quarter.
The round also saw participation from existing investors, including Peak XV Partners, Accel, Blume Ventures, Kae Capital, 8i Ventures and DeVC.
Allyson Jenkins, who previously served as Vice President of Public Sector at Pixxel, has been appointed CEO of Pixxel Federal.
The searches were carried out on October 27 covering entities operating the Mudrex and Saber.money platforms, along with the decentralised finance (DeFi) protocol Instadapp.
The company’s total expenditure increased 16% to Rs 770 crore during the quarter from Rs 662 crore in the year-ago period.
Total expenses of the company increased 35% to Rs 586 crore during the quarter from Rs 434 crore in the year-ago period.
Paytm also said that there will be a "potential upside" of merchant discount rate (MDR), which is expected to be implemented after Diwali.
The round also saw participation from Premji Invest and existing investors Peak XV Partners, GV and Y Combinator.
The startup will use the fresh capital to expand its global team of AI specialists and engineers, invest in proprietary technology and AI-native delivery capabilities, among others.
Total expenses of the fintech startup grew 130% to Rs 557 crore in FY26 from Rs 242 crore in FY25.
NeoGrowth’s total expenses fell 6.8% to Rs 687.69 crore in FY26 from Rs 738.19 crore in FY25.
Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
