Payment fintechs are getting squeezed as banks add charges for UPI merchant transactions
The bank charges are limited to those accounts where the PAs use the banks for merchant acquisition. Since the fees is 0.02%, PAs are likely to absorb the cost and are not expected to pass these to merchants immediately
AI edtech startup Arivihan raises $4.17 million pre-series A led by Prosus and Accel
Founded in 2024 by IIT Roorkee alumni Ritesh Singh Chandel and Sonu Kumar, along with seasoned math educator Rushabh Kothari, Arivihan claims to be India’s first fully automated AI tutor platform
IPO-bound Zetwerk to raise Rs 600 crore from co-founders via newly formed entity Creovate
Creovate Innovation was incorporated in March 2025 by Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan
Lenskart co-founder Peyush Bansal's quest for a promoter tag and how he's securing it
Bansal bought a total of 42.7 million shares in Lenskart at a valuation of $1 billion, a steep discount from the $9-10 billion valuation the company is aiming for during its IPO.
Freshworks raises FY25 growth guidance as Q2 revenue jumps 18% to $204.7 million
Freshworks also raised its non-GAAP operating income guidance for the full year to $153–157 million.
Freshworks’ AI products cross $20 mn in annual recurring revenue as monetisation picks up
During the Q1 2025 earnings call, Freshworks’ CEO said AI adoption had moved beyond experimentation, with nearly half of all new large deals (over $30,000 ARR) in the quarter including Freddy Copilot.
Lenskart IPO: SoftBank, Kedaara and others sell shares at steep discounted valuation of $1 billion to founder Peyush Bansal
Moneycontrol was first to report on July 9 about Bansal’s plans to borrow around Rs 200 crore and fund this share purchase at a valuation of $1 billion, 90% lower than the $10 billion price tag it is aiming for during its IPO later this year
Lenskart promoter Sumeet Kapahi can’t find his B.Com Honours degree; DU yet to respond
A response from Delhi university is awaited even after multiple emails, Lenskart said.
IPO-bound Lenskart acquires Spain-based Stellio, the parent of Meller, for Rs 400 crore
To be sure, over 80 percent of Lenskart’s revenues come from optometric eye care, which includes prescription glasses, contact lenses and more. The remaining comes from accessories and lifestyle products like sunglasses and more.
Neobanks diversify into cards, payments, investment businesses amid struggle to offer core banking services
Without a differentiated product, neobanks have taken the route of other fintechs, such as cards, lending and investments, leaving them to play in a crowded market with specialists
From multilingual food labels to a mass product, Food Pharmer aims to take a bigger bite
The influencer is targeting to expand with mass products like biscuits to raise awareness about product labels.
Flipkart’s VP Smrithi Ravichandran set to join PE firm Multiples
Ravichandran will take up an investing role at the PE firm and oversee funding activity, source deals and double down on existing portfolio companies across sectors in her new role, sources told Moneycontrol.
Lightspeed, Premji Invest in talks to back former HDFC veteran's Weaver Services in Rs 1,200 crore round
HDFC Bank’s former top boss Keki Mistry will also invest some money in his personal capacity, sources told Moneycontrol.
Flipkart-owned super.money enters travel category, launches rewards for domestic flight bookings
Launched in July 2024, super.money has grown into India’s fifth-largest UPI payments app ahead of established players such as BHIM, WhatsApp Pay, Cred and Amazon Pay
Accel’s Anand Daniel, SoftBank’s Sumer Juneja step down from Swiggy board
Swiggy has also appointed Faraz Khalid, CEO of Noon, as an independent director on its Board.
Setu ropes in former Razorpay executives as CTO, CPO; bolsters top deck with new hires
The top deck hires follow the appointment of Setu's new Chief Executive Officer (CEO) Anand Raisinghani earlier this year.
SaaS firm MoEngage to raise $200 million from ChrysCapital, A91, Goldman Sachs
The round will be a mix of primary and secondary capital. While the primary component will go towards paying tax to flip back from the US to India, the secondary component will be used to buy shares from some of its early investors
Perfios launches GenAI platform for banking and insurance operations
The company claims the new AI-first architecture could deliver up to a threefold increase in operational productivity by digitising and automating complex workflows across institutions.
Paytm swings to profits, thanks to massive cut in expenses
The December quarter of FY 24 was Paytm’s high point in terms of revenue and other operational metrics like monthly transacting users, number of UPI transactions and gross merchandise value
Semiconductor startup Netrasemi raises Rs 107 crore in series A from Zoho and Unicorn India Ventures
Netrasemi plans to utilise the proceeds to accelerate R&D, scale up manufacturing, and rollout four new system-on-chip (SoC) variants into production. The startup also plans to double its engineering team from 83 to 166 people over the next year.
ED files Rs 913-crore FEMA violation case against fintech Simpl
The company received foreign investment for technology-related products and services but used it for financial services without the approval of the government or the regulator, the ED has alleged
US-India corridor's deeptech revolution through global innovation
The US-India corridor is transforming innovation through deeptech collaborations in semiconductors, space, AI, and quantum computing, driving global breakthroughs. India’s talent and US capital are reshaping industries
Nexus Venture Partners prepares to raise $700 million for its eighth fund
Nexus will continue to bet on new-age companies in the artificial intelligence (AI), software, fintech, and commerce markets, as it had planned with its seventh fund a couple of years ago.
Good Glamm Group to cease as a house of brands, sell all assets individually: CEO
CEO Darpan Sanghvi said lenders have enforced their charge on individual brands, triggering the breakup of the group structure. Each brand will now be sold separately, with Sanghvi pledging part of his future income to repay dues.
Grip Invest launches auto compounding bond investment
The new feature aims to tackle a common investor challenge by automatically reinvesting monthly bond interest payouts into debt mutual funds
