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Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

Cong raises alarm as SBI decides to pick equity in debt-laden infra firm

Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.

M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore

The capital raised in the latest funding round will be utilised to strengthen its operations in India and grow its international footprint, particularly in Africa, the company said

SpiceJet raises Rs 3,000 cr through QIP, to receive additional Rs 736 cr

With the latest capital infusion, SpiceJet plans to strengthen its operations, expand its fleet, and extend its network to meet growing passenger demand in the country

Fintech firm MobiKwik gets Sebi approval to raise Rs 700 crore through IPO

The IPO will consist entirely of a fresh issue of Rs 700 crore, with a face value of Rs 2 per equity share. It will not have an offer for sale (OFS) component

Fintech firm BharatPe to offer food ordering with latest ONDC integration

Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis

NBFC Aye Finance raises $30 million in series G round led by ABC Impact

The latest round of funding comes eight months after the company raised $37 million in a Series F round

Binance detaches itself from any liabilities days after WazirX cyber attack

It refuted WazirX's claims that the global exchange owns the company, while stating that it does not operate the platform

'Unsecured credit growth slows but demand remains strong': Fibe co-founder

Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised a total of $228 million in funding since its inception in 2015

FinOps platform Bluecopa raises $1.8 million in pre-Series A round

The Hyderabad-based company will use the fresh capital to expand market reach, improve artificial intelligence (AI) capabilities, and advance product development.

Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Company provides loans to low-income customers and businesses in informal economy

Sachin Bansal's Navi becomes sixth largest UPI player, overtakes Amazon Pay

Bengaluru-based fintech started cash-backs and rewards for customers in April

Rs 42,300 cr loans given since launch of account aggregator framework

4.22 million loans disbursed on the platform; nearly half of it facilitated in H2FY24

Crypto platform WazirX allows partial rupee withdrawals from August 26

Users will be able to withdraw the remaining balances between September 9 and 22

PM Narendra Modi to address Global Fintech Fest on August 30 in Mumbai

The GFF is an annual fintech conference, and this year it is scheduled between August 28 and 30

Rising costs from T+1 timeline may push weaker P2P players to the brink

While there are 26 licensees, only 10-11 players are active in this space, with the industry's assets under management totalling Rs 11,000 crore

Fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

Cred receives nod from BBPS to operate as a customer operating unit

As an agent institution of BBPS, the company processed over Rs 15,000 crore in bill payments across banks in July

Flipkart-backed super.money aims to be among top five on UPI leaderboard

The company, which rolled out its beta version in June, has processed about 10 million transactions to date

RBI includes auto replenishment of FASTag, NCMC in e-mandate framework

Exempts these card issuers from issuing a pre-debit notification