In a major boost for India’s clean energy sector, SolarSquare, a leading residential solar startup, has raised $40 million in its latest funding round. Led by Lightspeed, the round also saw participation from key investors like Lightrock, Elevation Capital, Lowercarbon, Nithin Kamath’s Rainmatter, and Gruhas Proptech. This fresh capital will fuel SolarSquare’s mission to make rooftop solar…
Mintifi Secures $180 Million to Expand Its Supply Chain Financing Platform
In a major boost for the fintech sector, Mumbai-based Mintifi, a leading B2B lending and supply chain financing platform, has raised $180 million in its Series E funding round. This round was co-led by Teachers’ Venture Growth (TVG) and Prosus, with participation from existing investor Premji Invest.
This funding marks an…
Varthana’s $15 Million Investment: A Step Toward Better Education for Millions
Varthana, a non-banking finance company (NBFC) committed to transforming affordable education in India, has raised $15 million (Rs 120 crore) in funding from the BlueOrchard Microfinance Fund. This new investment marks a significant milestone for Varthana as it expands its mission to bridge the education gap in…
In a major development, Paytm’s Singapore unit has announced the sale of its Stock Acquisition Rights (SARs) in PayPay Corporation, a Japan-based digital payments company. The deal, which is valued at JPY 41.9 billion (approximately Rs 2,364 crore), will see the SARs sold to an entity under the SoftBank Vision Fund 2.
This strategic move reflects Paytm’s ongoing focus on maximizing shareholder…
Almonds Ai, a Gurugram-based company, has teamed up with Grow-Trees, an organization focused on reforestation and ecological conservation, to offer a groundbreaking new way to use loyalty points. Now, customers and channel partners of brands using Almonds Ai’s Green Loyalty Program can redeem their loyalty points to plant trees in various locations across India. This collaboration is a step…
Infinity Learn by Sri Chaitanya, a leading hybrid learning platform in India, has teamed up with Google Cloud India to revolutionize the educational experience using advanced AI technology. This collaboration aims to offer highly personalized learning journeys, especially for students in India’s Tier 2 and Tier 3 cities, by leveraging Google’s cutting-edge AI tools, including Gemini and Vertex…
Sanjay Malhotra, the current Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. This is a significant development for India’s economic landscape, especially at a time when the country is navigating various economic challenges, including high inflation and slowing growth. With his extensive experience across finance, taxation…
IDFC FIRST Bank Introduces Amitabh Bachchan’s AI Avatar to Transform Banking
In a bold move that blends cutting-edge technology with the world of banking, IDFC FIRST Bank has launched an AI-powered holographic avatar of none other than India’s legendary actor, Amitabh Bachchan. This innovative development is set to reshape the way customers interact with the bank, bringing banking services…
MobiKwik Cuts IPO Size Again—Price Band Set at Rs 265-279 Per Share
MobiKwik, the popular digital payments and fintech company, has made another adjustment to its much-anticipated Initial Public Offering (IPO). Originally filing for a massive Rs 1,900 crore IPO in 2021, the company has now trimmed the size to Rs 572 crore, marking its third revision. While this latest cut may raise some…
Paytm’s Big Move: Selling Stake in PayPay to Boost Cash Reserves
In a significant business decision, Paytm, India’s leading fintech company, is selling its stake in the Japan-based PayPay Corporation to SoftBank Group for a whopping $250 million (over Rs 2,000 crore). The move is part of Paytm’s strategy to streamline its investments and strengthen its balance sheet. The sale will likely see…
