AI fintech startup Finesse gets sold for $1.5 million
“On our own, our AUM touched $5-6 million but with the help of this sale, it can touch $50-60 million, a 10x increase in 12 months," founder Rao said.
Oil shock is accelerating India’s EV shift, led by two-wheelers and three-wheelers
Electric two, three-wheelers and passenger electric cars see rising penetration and consumer enquiries as economics and fuel uncertainty reshape buying decisions
Sharon Pais takes over as Head of Myntra; Nandita Sinha to depart
Moneycontrol was first to report about Sinha departing and Pais taking over from her on April 2.
From copilots to agents: Enterprise software enters the ‘Agent-as-a-Service’ phase
AI agents that can execute tasks end-to-end are beginning to reshape SaaS, raising questions on pricing, margins, and the role of humans in software workflows.
Swiggy rejig: Co-founder Nandan Reddy to quit; Board members to shuffle
Reddy is the latest co-founder to quit the company. Reddy and Majety had started Swiggy along with Rahul Jaimini, who quit in 2020 to start his own company, Pesto Tech. Majety is the last one remaining from that cohort.
A confident teenager approaching adulthood, Google Pay’s Sharath Bulusu on 10 years of UPI
The democratisation of credit and agentic payments to lead the next phase of UPI’s growth story, Google Pay’s senior director of product management tells Moneycontrol
UPI at 10: Next phase of growth to target a billion users, half a billion credit customers
Ten years of transforming Indian payments, UPI is set to enable formal credit for millions, even as its ecosystem partners grapple with thin revenue
Start-up Street | Sarvam AI's mega fund-raise: Trendsetter or a one-off?
Indian AI funding is likely to go into companies possessing a data advantage, distribution strength, a compliance/sovereignty edge, or a specific model/inference advantage
US satellite 'blackouts' cast a shadow on Indian spacetech players with American ties
Recent US satellite curbs raise fresh questions on control and autonomy for Indian spacetech firms abroad
Zerodha launches fixed deposits on Coin app
Coin, a non-trading investment platform, will allow customers to book FDs across multiple banks, compare interest rates and track maturity dates in one centralised, fully digital process, the company has said
Emergent in talks to raise $250 million from Creaegis, others at 5x valuation jump to $1.5 billion
Once complete, Emergent’s $200-250 million round will be among the largest funding rounds so far this year. It will also be the latest startup to become a unicorn, or a company valued at $1 billion or more, sources told Moneycontrol.
Stripe appoints Manish Maheshwari as Head of Revenue and Growth for India
Stripe also said it is expanding its presence in Bengaluru, which has become one of its largest and fastest-growing global hubs, with continued investments in engineering, operations, and go-to-market teams in India.
Groww gets a rating upgrade to AA Stable from CareEdge, citing strong capitalisation and market leadership
The outlook remains stable, reflecting expectations of steady earnings growth and gradual diversification, despite a current reliance on the core broking business
Atlys announces first ESOP buyback worth Rs 4 crore
Eligible employees were offered the option to liquidate up to 25 per cent of their vested stock options, Atlys said in a statement.
Zoho revenue crosses Rs 12,000 crore in FY25; profit at Rs 3,191 crore
Zoho's Net profit came in at Rs 3,191 crore, slightly lower than Rs 3,299 crore in FY24.
Flipkart hands additional mandate to SVP Hemant Badri and CTO Balaji Thiagarajan as it accelerates AI integration
SVP Hemant Badri will have these additional duties over and above his current roles as head of Supply Chain, Minutes and more, as per an internal email seen by Moneycontrol.
AI chatbots could direct user behaviour on whether to take a loan or not, says KreditBee CEO Madhusudan
KreditBee secures $280 million funding at a $1.5 billion valuation, citing growth, profitability, and strong risk management that impressed investors
Fintech lender KreditBee enters unicorn club with $280 million pre-IPO funding at $1.5 billion valuation
The company’s profitability and strong risk management through multiple business cycles, have been rewarded by its investors, co-founder and CEO Madhusudan E told Moneycontrol
Flipkart Minutes aims to add 800 dark stores by end of 2026: UBS
Flipkart’s arch-rival, Amazon, which operates quick commerce arm Amazon Now in India, has rolled out plans to have 450-500 dark stores.
IT Rules: MeitY open to easing intermediary obligations under Rule 14, may reissue past advisories
Government signals willingness to clarify scope of oversight rules for intermediaries under draft amendments that the government has proposed under the Information Technology Rules
KisaanSay raises Rs 34 crore from NABVENTURES-led AgriSURE Fund
Founded by Nitin Puri, Vaishali Mehta and Manoj Karki, KisaanSay sells 100 percent single-origin food products.
Digital-first brands suffer 25-30% revenue loss due to failed deliveries and RTOs, Velocity data shows
The gap is largely due to challenges such as inconsistent address formats, limited courier coverage, larger delivery areas, and a high share of cash-on-delivery (COD) orders, which increases the risk of cancellations and failed deliveries
CRED revamps wealth-tech platform Kuvera, will enable investors to 'do less but better'
The revamped platform introduces smarter tools and AI-driven personalised suggestions, aimed at encouraging long-term investment discipline and maximising returns by prioritising judgement over transaction activity
Everstone-backed Wingify raises around Rs 1,381 crores via rights issue
Follow-on capital from existing investors comes after PE firm’s majority acquisition
RBI makes CKYCR mandatory for merchant onboarding by payment aggregators
The RBI has also expanded the scope of payment aggregator business while tightening escrow rules and merchant verification requirements
