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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.
The round also saw participation from Baring Private Equity India, Saison Capital Pte. Ltd. and UNLEASH, along with other investors.
ICICI Prudential Life Insurance Company was the largest buyer in the transaction, acquiring 1.03 crore shares worth nearly Rs 160 crore.
Certain assets of the RemitX forex and cross-border business will be transferred to Niyo's subsidiary Kanji Forex.
The shares were picked up by a clutch of institutional investors, including Integrated Core Strategies (Asia), Singularity Large Value Fund III and F3 Advisors.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
The funding round also saw participation from existing investors Together Fund and Array VC.
The funding round also saw participation from existing investors Arkam Ventures and Capital 2B.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The investment round also saw participation from prominent angel investors including Abhishek Goyal (Tracxn) and Mekin Maheshwari (Flipkart).
For this special edition, instead of dissecting business, we’re reflecting on something more personal — the state of journalism in the age of AI.
Abu Dhabi's AI and advanced technology investor MGX is one of the investors Mistral is in talks with for the fundraise.
American Express announced that customers can use Amex Pay only till July 30, 2025.
The startup will use the fresh investment to expand its team in Bengaluru and London.
MobiKwik and Lendbox struck a deal where MobiKwik gave up Rs 24 cr in income for Q1 FY25, and in return, Lendbox waived Rs 42 cr in facilitation fees. These adjustments impacted MobiKwik's current quarter's revenue and expenses.
