The deal comes amid continued investor interest in India’s wealthtech segment, which has been one of the more active fintech verticals since last year
"We want a significant number of our next billion users to come from India," Seker told Moneycontrol.
In the end, NPCI blinked. Fierce one-upmanship among UPI apps forced a rollback, restoring uneasy peace in India’s payments ecosystem
As a part of a 'Restart Offer', users will be charged no trading fee across all trading pairs
Despite growing buzz around AI in banking, Goswami says most financial institutions remain in the testing phase, with true enterprise-level adoption still a few years away.
The Palo Alto headquartered firm, which started as a conversational AI company in Chennai, counts Allstate, Dell, Priceline and The Washington Post among its over 2,000 clients
With the fresh funding, the enterprise AI platform plans to expand globally, deepen product integrations, and accelerate platform development as it positions itself as the ‘operating system’ for AI-native enterprises.
India Quotient has also promoted two of its executives, Kanika Agarrwal and Sahil Makkar, to the position of partner
The Chennai-headquartered SaaS giant is expanding its fintech play with Zoho Pay, a consumer payments app integrated into Arattai, alongside new POS devices and financial software offerings.
The average daily value of UPI transactions has already climbed 13 percent over September to Rs 94,000 crore. The monthly value is poised to cross Rs 28 lakh crore for the first time
Meesho's net loss for FY25 stood at Rs 3,941 crore, up from Rs 305 crore, due to expenses related to flipping its base from the US to India. Without the exceptional item, Meesho’s net loss was Rs 289 crore.
A total of around 1,000 Zepto employees have been impacted since the beginning of the year, sources told Moneycontrol. Zepto is also cutting back its spends on AWS and other software and the company will go "very tight" on hiring.
“We have cracked proximity, but yet to crack value and DMart, the retail giant, has cracked value but not proximity,” Palicha is learnt to have said, per employees Moneycontrol spoke to.
The investments come through a secondary share purchase ahead of Lenskart’s SEBI-approved IPO, which includes a Rs 2,150-crore fresh issue and an offer for sale by existing shareholders.
Stable Money's new funding round follows a $20 million investment from Fundamentum and others in June, as wealthtech platforms continue to attract investor interest
As reported by Moneycontrol, Snabbit moved from Mumbai to Bengaluru’s Koramangala
Lenskart is planning to list as early as next month in Mumbai, targeting a stock debut that would value the company at $9 billion, based on the IPO size
The Wipro chief noted that global clients are becoming increasingly cautious amid changing trade policies.
Zepto is now valued at $7 billion, up from $5 billion just last year. Moneycontrol had exclusively reported Zepto is nearing a $450 million funding round led by Calpers on October 1. CEO Aadit Palicha said Zepto has a cash balance of $900 million now.
While analysts have long debated on which approach works best, most companies are now launching seperate apps for different use cases to improve the recall in consumers' minds as cross-selling becomes more and more difficult.
India is going to be a large market for crypto assets in the coming years, and the exchanges in the country and globally are building for that, CoinDCX co-founder Gupta told Moneycontrol.
The company reported a post-ESOP loss of Rs 1,209 crore
Public statements by healthcare startups carry legal, regulatory, and reputational risks. Careless disclosures on partnerships, valuations, or roles can damage trust, hinder deals, and trigger costly litigation—discipline in communication is essential
Ola Shakti can power appliances such as air conditioners, refrigerators, and pumps, offering up to 1.5 hours of backup at full load
Snabbit is moving to Bengaluru at a time when industrialists and the state government are at loggerheads over infrastructure issues, traffic woes and other challenges that are crippling the city’s growth.
