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  • White Venture Capital to back executives, former founders to build startups Nov 10, 2022 11:47 AM IST

    White Venture Capital to back executives, former founders to build startups

    White Venture’s ‘Call to Adventure’ programme will fund executives to build startups and pay salaries to entrepreneurs while they are at it

  • Jupiter will make its closest approach to earth in 59 years on Monday Sep 24, 2022 10:44 PM IST

    Jupiter will make its closest approach to earth in 59 years on Monday

    "Jupiter’s opposition occurs every 13 months, making the planet appear larger and brighter than any other time of the year. But that’s not all. Jupiter will also make its closest approach to Earth since 1963 – almost six decades ago!," NASA's blog said.

  • Jupiter collaborates with RazorpayX to offer payroll platform to companies Aug 25, 2022 05:38 PM IST

    Jupiter collaborates with RazorpayX to offer payroll platform to companies

    Jupiter further stated that this integration will allow corporates to open salary accounts for their employees in under five minutes.

  • Jupiter as never seen before: James Webb telescope captures auroras, tiny moons Aug 24, 2022 11:53 AM IST

    Jupiter as never seen before: James Webb telescope captures auroras, tiny moons

    The world’s newest and biggest space telescope is showing Jupiter as never before, auroras and all. Scientists released the shots on August 22 of the solar system's biggest planet.

  • Jupiter forays into mutual fund investments with no-penalty SIP Aug 10, 2022 12:31 PM IST

    Jupiter forays into mutual fund investments with no-penalty SIP

    In the last 10 days, Jupiter said it has onboarded about 25,000 who have invested in direct mutual funds.

  • Striking NASA photo captures 'powerful storms' near Jupiter's north pole Jul 30, 2022 09:05 AM IST

    Striking NASA photo captures 'powerful storms' near Jupiter's north pole

    NASA's Juno mission is investigating the mysteries of Jupiter -- the biggest planet in our solar system.

  • Building resilience, profitability around BNPL product is tough: QED Investors’ Asia Head Jul 21, 2022 03:35 PM IST

    Building resilience, profitability around BNPL product is tough: QED Investors’ Asia Head

    BNPL start-up founders will have to innovate to sustain the business through privileged access, technology, underwriting loans, etc, says Sandeep Patil

  • PE firm Multiples invests $30 million in neobanking platform Niyo Jul 19, 2022 05:55 PM IST

    PE firm Multiples invests $30 million in neobanking platform Niyo

    Niyo will use the funds to expand its product offerings by adding more consumer-focused products such as credit cards, remittances, loans, etc

  • CEO quits $68 billion investment firm to ‘sit at the beach and do nothing’ Jun 29, 2022 01:33 PM IST

    CEO quits $68 billion investment firm to ‘sit at the beach and do nothing’

    Andrew Formica, CEO of Jupiter Fund Management, has announced his resignation from the $68 billion firm.

  • Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs Jun 20, 2022 08:15 PM IST

    Non-banks can't load credit lines into prepaid payment instruments: RBI tells fintechs

    The move may impact credit products of fintech players who extend credit through prepaid payment instruments such as prepaid cards and wallets.

  • Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin Jun 20, 2022 10:11 AM IST

    Exclusive | Niyo in talks to raise $100-150 million, to also acquire lending platform Smartcoin

    The planned fundraise is said to fetch the company a valuation of $500 million and is likely to be led by private equity firm Multiples.

  • Banks seek six-month extension from RBI to implement new norms for credit, debit and co-branded cards Jun 14, 2022 07:07 AM IST

    Banks seek six-month extension from RBI to implement new norms for credit, debit and co-branded cards

    Meanwhile, fintechs and banks are working on a way that will allow a separate entity under the card-issuing entity to access data, while another co-branding entity will not have access to data as per the norms.

  • MC Interview | Slowdown in startup funding does not change Federal Bank’s fintech strategy, says ED Shalini Warrier Jun 13, 2022 09:53 AM IST

    MC Interview | Slowdown in startup funding does not change Federal Bank’s fintech strategy, says ED Shalini Warrier

    According to Shalini Warrier, fintechs with the right customer proposition, a strong segment strategy, and proven founder capability will not find it difficult to raise funds

  • Neobanking platform Fi launches mutual fund investments, peer-to-peer lending to follow May 05, 2022 02:28 PM IST

    Neobanking platform Fi launches mutual fund investments, peer-to-peer lending to follow

    The startup will look at adding more lending products, starting with unsecured personal loans in the next 12 months. Fi's co-founders added that they do not see any constraints in terms of raising more funds despite the slowdown in startup funding.

  • Moneycontrol Masterclass: Slowdown in funding frenzy to impact late-stage startups more Mar 14, 2022 01:35 PM IST

    Moneycontrol Masterclass: Slowdown in funding frenzy to impact late-stage startups more

    Investors are now choosing bets rationally and are asking the right questions on business models before taking the plunge, say experts.

  • Women’s Day: Jupiter gives women an extra day of pay, Slice pledges to bridge gender pay gap Mar 09, 2022 12:03 PM IST

    Women’s Day: Jupiter gives women an extra day of pay, Slice pledges to bridge gender pay gap

    30 percent of Jupiter and Slice’s workforce is women. Slice also has a policy of additional 50 percent bonus for referring women for roles in the company.

  • How Federal, Equitas Small Finance, RBL and SBM Bank India are riding the bank-fintech partnership wave Mar 07, 2022 10:26 AM IST

    How Federal, Equitas Small Finance, RBL and SBM Bank India are riding the bank-fintech partnership wave

    These banks are expanding their digital presence with a branch-lite, distribution heavy model. With a strong digital presence through fintechs, the banks are looking to serve the next set of digital customers.

  • Digital banking start-up Jupiter clocks ESOP transactions worth Rs 30 crores Mar 03, 2022 04:40 PM IST

    Digital banking start-up Jupiter clocks ESOP transactions worth Rs 30 crores

    The liquidity events, which have benefited 21 former and current Jupiter employees, come in less than two months after the company announced the closure of its $86 million Series C funding round, which was led by a variety of marquee investors such as Tiger Global, Sequoia Capital India, US-based venture fund QED Investors along with its existing backer Matrix Partners India.

  • Niyo raises $100 million led by Accel, Lightrock; to focus on lending next Feb 24, 2022 12:36 PM IST

    Niyo raises $100 million led by Accel, Lightrock; to focus on lending next

    The fundraise comes almost three years after Niyo's Series B round in July 2019. The company plans to begin lending and insurance offerings in the coming year.

  • Astronomers find 'rugby ball-shaped' planet outside solar system Jan 13, 2022 01:29 PM IST

    Astronomers find 'rugby ball-shaped' planet outside solar system

    Researchers hope that further work – including from the recently launched James Webb Space Telescope – could provide yet more certainty on those calculations, and some indication of how the planet came to be that way.

  • Neobank Jupiter raises $86 mn in Series C round, valuation jumps to $710 mn Dec 27, 2021 08:25 PM IST

    Neobank Jupiter raises $86 mn in Series C round, valuation jumps to $710 mn

    Jupiter's founder and CEO Jitendra Gupta told Moneycontrol that the startup will use these funds to grow its customer base and launch its lending product in 2022.

  • Neobanks to seek clarity from Niti Aayog on digital banking licence suggestions Nov 25, 2021 01:52 PM IST

    Neobanks to seek clarity from Niti Aayog on digital banking licence suggestions

    Licensing will allow unregulated neobanks to eventually operate as full-stack digital banks on meeting certain specified requirements.

  • Neobank Jupiter opens up platform for more users, to look at lending next Oct 26, 2021 10:00 AM IST

    Neobank Jupiter opens up platform for more users, to look at lending next

    Jupiter is opening up its platform for users in an invite-only mode, and plans to onboard 1 million users in the next six months.

  • Visa closes $5 million investment as part of Open’s Series C fundraise Oct 25, 2021 08:52 PM IST

    Visa closes $5 million investment as part of Open’s Series C fundraise

    Open had announced on October 12 that it raised $100 million in its Series C round led by Temasek and that it plans to use the funding to further strengthen its new product lines and foray into global markets.

  • Hubble finds first evidence of water vapour on Jupiter's moon Ganymede Jul 27, 2021 05:11 PM IST

    Hubble finds first evidence of water vapour on Jupiter's moon Ganymede

    According to the study published in the journal Nature Astronomy on Monday, the water vapour forms when ice from the moon's surface turns from solid to gas.