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
Paytm walks away from DLG: Why fintech major is ditching guarantees in lending for good
After flip-flopping on the Default Loss Guarantee system, including a brief arrangement in the second half of FY25, Paytm has now fully exited guarantee-backed lending, citing partner preference, confidence in merchant loan performance, and a strategic shift to an asset-light, risk-free model.
Tiger Global-backed Gupshup raises $60 million, explores reverse flip to India ahead of IPO plans
The funds will be used to deepen Gupshup’s presence in high-growth regions such as India, the Middle East, Latin America and Africa
Global major PayPal integrates with UPI, international payments gets easy for Indians
PayPal World brings together UPI, Venmo, Weixin Pay and Mercado Pago to enable cross-border shopping and money transfers. The platform, which goes this fall, will let Indians use UPI for international payments without cards or other apps
Agentic AI startup Composio raises $25 million in Series A led by Lightspeed Venture Partners
The fresh capital will be utilised to accelerate development of Composio's learning infrastructure, as the startup's technology enables systems to continuously improve by accumulating experience, unlike conventional AI agents that remain static despite repeated use. Moneycontrol first reported on this deal in April.
IPO-bound PhysicsWallah unveils Aryabhata 1.0 AI model to help JEE aspirants
The system was powered by 1,30,000 curated question-and-answer pairs and fine-tuned using techniques such as supervised fine-tuning (SFT), reinforcement learning (RL), and rejection sampling, co-founder Prateek Maheshwari revealed.
"No more adjusted anything," Vijay Shekhar Sharma drops the EBITDA filters at Paytm
Declaring the end of “adjusted optics,” Paytm said it will no longer exclude ESOP expenses from profitability metrics.
Sharma called it a mark of maturity as the company reported GAAP EBITDA breakeven for the first time in Q1FY26
Madhur Deora to step down from Paytm board, to continue as President & Group CFO
The company also noted the resignation of non-executive Independent Director Bimal Julka, a former IAS officer, who stepped down from the board effective July 22, along with revival of its long-delayed IT/ITES campus in Noida’s Sector 159
PhonePe partners with SBI Card for second co-branded card after alliance with HDFC Bank
Ahead of its upcoming IPO, the country’s largest mobile payments player is looking to augment its revenue with multiple cobranded credit card partnerships
Do not see any innovation in food delivery; Business not under any obvious threat: Eternal’s Deepinder Goyal
While Goyal did not take names, he was likely referring to Rapido’s foray into food delivery. The Swiggy-backed company is set to expand food delivery offerings in Bengaluru and other cities with an aim to disrupt the Zomato and Swiggy duopoly.
CoinDCX announces recovery bounty programme after hack; offers up to $11 million in reward
The exchange has promised up to 25% of recovered funds to 'individuals or teams who can help trace and retrieve the stolen crypto' and, assist in the 'identification and conviction of those involved'
Eternal cash balance increases to Rs 18,857 crore in Q1FY26; nearly 3X of rival Swiggy
While the comparable periods are not similar as Swiggy is yet to announce its Q1FY26 results, it is likely that Swiggy’s cash balance will further reduce from Rs 6,695 crore, and widen the gap with Eternal, as the Bengaluru-based company invests in Instamart, its quick commerce arm.
Karnataka’s 'beyond-Bengaluru push' attracted 15 firms, created over 1,600 jobs in FY25
The state government is supporting emerging tech clusters in Mysuru, Hubballi-Dharwad and Belagavi among others
Paytm Q1 preview: Profit test for the turnaround stock of the year
Paytm is expected to post its first-ever quarterly profit on a revenue of Rs 1,910 crore, according to JM Financial. Analysts say lending traction and cost cuts may drive the turnaround, though revenue growth is likely to remain flat sequentially
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Acqui-hiring accelerates innovation by acquiring skilled AI teams, bypassing recruitment challenges. This trend, especially in India, allows companies to quickly integrate expertise, enhance products, and secure financial exits for startups
