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Total expenses of the company declined 12% to Rs 376.8 crore during the fiscal from Rs 426.7 crore in FY25, aided by a sharp reduction in impairment costs.
In his new role, Malli will be responsible for the Department of Supervision (Supervisory Assessment).
Niyo’s total operating expenses grew 20% to Rs 201 crore in FY26, compared with Rs 168 crore in the previous fiscal.
The cohort also includes founders with backgrounds at companies such as Airbnb, Microsoft Research, Google and India's recently minted unicorn Sarvam AI.
Several domestic and global institutional investors including Mirae Asset Mutual Fund and SBI Life Insurance bought the shares.
The Bengaluru-based startup will use the fresh capital to strengthen its technology and product capabilities and expand its experience supply across existing markets.
The funding round saw participation from Foundation Capital.
The proposals are open for stakeholder comments until October 25, 2026.
The listing followed NSE’s Rs 22,561 crore IPO, which was subscribed 5.71 times.
The stake was purchased by a mix of domestic and international institutional investors.
The funding round saw participation from DeVC, Peercheque and Kunal Shah.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
The IPO marks the end of NSE’s nearly decade-long wait to go public, after its first IPO attempt in 2016 was stalled by regulatory proceedings.
Earlier in May, the venture capital firm sold 6.2 crore shares in a transaction valued at nearly Rs 1,116 crore.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
NPCI’s surplus (profit) declined 32% to Rs 991 crore in FY26 from Rs 1,461 crore in the previous fiscal.
The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The hiring will focus on engineering, product and treasury operations.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
