BUSINESS
Fireside Ventures backs Kusha Kapila’s shapewear brand UnderNeat, Mamaearth’s Ghazal Alagh joins in
The seed round is expected to be in the range of Rs 8-10 crore, though exact figures have not been undisclosed. UnderNeat, which went live on March 30, has already amassed 1,76,000 Instagram followers
BUSINESS
Fake degrees, stolen employee IDs, forged documents: Who’s really getting hired?
A recent report by IDfy reveals rampant hiring fraud, with consumer products (15%) and telecom (14%) hit hardest. E-commerce saw 20% of fraud cases linked to fake job records, while food delivery (1%) and IT (2%) had the lowest fraud rates.
BUSINESS
BharatPe turns Ebitda positive, plans to up stake in Trillion Loans to 100% over 3 years
The Peak XV Partners-backed fintech firm narrowed losses to Rs 148 crore first ninth months of FY25 from Rs 492 crore in the year-ago period
BUSINESS
FCC members float new entity to compete for SRO-Fintech licence
The SRO-FT Development Foundation is an offshoot of FCC. Self-regulatory organisations (SROs) are expected to act as a bridge between the industry and the regulator, setting standards for the conduct of fintech firms
BUSINESS
Paytm snaps ties with Juspay, joins Razorpay, Cashfree, PhonePe in industry-wide shift to direct processing
In a notification sent to merchants seen by Moneycontrol, Paytm announced that from April 1, 2025, it will only facilitate transactions routed directly through Paytm Payments Services Limited (PPSL), advising businesses to shift before the deadline to avoid service disruptions.
BUSINESS
LAP, solar, mutual funds: How digital lenders are experimenting with secured loans
Digital lenders, traditionally focused on unsecured loans, are now expanding into secured lending through products like Loan Against Property (LAP), solar financing, and Loan Against Mutual Funds (LAMF)--Players like Kissht, Fibe, Indifi, Kreditbee have started experimenting with secured credit to build more stable loan books amid evolving regulatory changes.
BUSINESS
The silent debt collectors: How a new breed of startups is adding an 'AI brain' to loan recovery
For decades, debt collection meant scattered calls, unnecessary messaging from multiple sources, field agents, and legal notices --all working in silos. Now, fintech firms like Credgenics, Spocto, DPDzero, CredResolve, Creditas, Rezolv are reshaping the process with AI.
TECHNOLOGY
From equity splurge to dilution control, startups tighten stock-based grants for top executives, says xto10x report
Startups are shifting from high fixed salaries to performance-linked MSOP grants as investor pressure to control dilution grows, the latest Total Rewards Benchmarking Report says
BUSINESS
Tech leaders in engineering, product, data science earn 80% more; startup CFOs pay linked to fundraising, says xto10x report
CTOs and senior VP-product roles are commanding median fixed salaries of Rs 1.77 crore and Rs 1.72 crore, the latest Total Rewards Benchmarking Report by xto10x says
BUSINESS
InsuranceDekho’s IPO at least 18 months away, says CEO Ankit Agrawal
Agrawal says the firm has not yet closed the $70 million round and may top it up with an additional $10-15 million from new investors
BUSINESS
Kissht co-founders move on to launch new venture, get 3one4 Capital’s backing
Rezolv, a debt-resolution platform, launched by Sonali Jindal and Karan Mehta, went live in January and has raised a $3.5 million seed round led by 3one4 Capital
BUSINESS
NPCI eyes AI-driven parking payments, moving beyond traditional RFID FASTag
NPCI is testing a system where cameras and AI read vehicle number plates to automatically debit FASTag accounts, with a proof of concept underway, NPCI chief Dilip Asbe told Moneycontrol.
BUSINESS
'Cancer care needs to move beyond large hospitals.' How Tata Capital-backed MOC is betting on daycare
Dr Kshitij Joshi and Dr Vashishth Maniar, two of the oncologists-turned-cofounders of MOC, tell Moneycontrol how the firm has created a chain of cancer daycare centres, treating over 4.5 lakh patients since 2018
BUSINESS
Hyderabad-based NBFC IKF Finance nears $70-80 million funding deal from a sovereign fund, Norwest
The Motilal Oswal Alternatives and Accion-backed NBFC recently amended its Memorandum and Articles of Association to increase its authorised share capital, a move linked to its fundraising plans
BUSINESS
Elevation Capital's Vivek Mathur quits after 14 years, to focus on mentorship
Now transitioning to an advisory and mentorship role, Mathur plans to work closely with early-stage startups in D2C, agritech, climate and defence tech spaces
BUSINESS
Kinara Capital hit by NBFC stress: Breaches loan terms, plans stressed asset sale
MSME lender breached loan covenants on Rs 1,772 crore due to rising NPAs and losses, securing waivers for 38% of the debt while negotiating further relief
BUSINESS
Swiggy’s IPO hands SoftBank a Rs 5,500 crore gain in Q3, Ola Electric weighs on performance
Ola Electric’s stock, which debuted at Rs 76, was one of SoftBank’s standout investments last quarter. However, it has since declined
BUSINESS
Stable Money in talks to raise $20 million from Nandan Nilekani’s Fundamentum Partnership, others
The funding round is expected to value Stable Money at around $125-130 million, nearly 2.5 times its valuation from the last fundraise in July 2024, sources say
STARTUP
IPO-bound Zetwerk in talks to raise $20-30 million from family offices, HNIs
The fresh capital infusion is aimed at strengthening the company’s captable as it prepares for public market listing in near future.
BUSINESS
The IPO gold rush in Edtech is worrisome, many are mistaking it for easy capital, says Ronnie Screwvala
Operating at a revenue run rate of Rs 2,400 crore, upGrad is targeting a steady 35 percent CAGR over the next decade, with a balanced expansion across domestic and global markets, Co-founder and Chairperson Ronnie Screwvala told Moneycontrol.
BUSINESS
Cred’s loan book crosses Rs 19,000 crore mark, NBFC arm explores equity funding
As of December 2024, Cred’s monthly transacting user base crossed 1.2 crore, growing at a CAGR of 30 percent.
BUSINESS
Davos 2025: Next 3 years will see highest-ever investment by RPSG Group, says Shashwat Goenka
Goenka is optimistic about the group’s quick commerce foray. On competing with established players like Zepto, Instamart and Blinkit, he said, 'More the competition, the better the output.'
BUSINESS
Serum's HPV vaccine to join govt's immunisation program later this year, exports in 2026-27: CEO
While discussing the financial constraints of the vaccine industry, Poonawalla called for relaxing price caps to encourage innovation and growth.
BUSINESS
India must ensure level-playing field between telecom and satcom; Vi not completely out of woods: Rajan Mittal
Mittal highlighted successful pilot tests of Eutelsat Oneweb and reiterated the company’s readiness to roll out services as soon as approvals are secured.
