In a major move to strengthen its rural lending platform, SarvaGram, a startup focused on providing financial services to underserved rural communities, has raised Rs 565 crore (approximately $67 million) in its Series D funding round. Led by Peak XV Partners, the funding round also saw participation from existing investors, including Elevar Equity, Elevation Capital, Temasek, and TVS Capital.
In an exciting development for the fintech landscape, Gurugram-based startup BASIC Home Loan has successfully raised ₹87.5 crore (approximately $10.6 million) in a Series B funding round. This latest investment was spearheaded by Bertelsmann India Investments (BII) and UAE-based CE-Ventures, the venture capital arm of Crescent Enterprises.
The funding round also saw participation from existing…
Google has announced that its much-anticipated Google for India 2024 event will take place on October 3, 2024, at 11:30 AM IST. This marks the 10th edition of the event, which serves as a significant platform for the tech giant to showcase its latest innovations aimed at driving digital advancement in India. The announcement was made via Google India’s official X (formerly Twitter) account…
PB Fintech’s stock surged over 4% after CEO Yashish Dahiya announced plans for a $100 million investment to acquire a 30% stake in a new healthcare company, pending board approval. This strategic move aims to address the significant gap between healthcare costs and affordability for the average Indian.
Brokerage firm Bernstein has maintained an ‘outperform’ rating for PB Fintech, setting a…
Introduction: A New Era for Dairy-Tech
ORIGHT, an innovative Dairy-Tech startup founded in 2019, has successfully raised $1 million in seed funding, led by Aeravti Ventures. This investment marks a significant milestone for the company as it aims to revolutionize the dairy supply chain through advanced technology and financial inclusion.
Empowering the Dairy Ecosystem
The funding will enable…
Zaakpay, a prominent payment gateway by MobiKwik, has announced an exciting integration with Meta that will enhance conversational commerce on WhatsApp. This collaboration aims to create a more convenient and efficient payment experience for both businesses and consumers.
Empowering Businesses and Consumers
The integration allows users to make payments directly within WhatsApp chats, offering a…
Experian India’s latest whitepaper, titled “Small is BIG: How Fintechs are Revolutionising Lending,” underscores the transformative role fintech companies are playing in India’s financial landscape. The report highlights how these digital platforms have significantly increased their market share and impact, particularly in providing small-ticket loans to previously underserved segments of…
Indian fintech startups have experienced unprecedented growth over the past decade, with a staggering 500% increase and over $31 billion in investments, according to Prime Minister Narendra Modi. Speaking at the Global Fintech Fest 2024, Modi highlighted the transformative impact of fintech innovations on the Indian economy and society. The event, organized by the National Payments Corporation of…
At the recently concluded Global Fintech Fest (GFF) 2024, Google Pay made significant strides in enhancing digital payments with the introduction of several new features and partnerships. The three-day event showcased Google’s commitment to transforming the way Indians manage their finances and make payments, with a focus on convenience, security, and inclusivity.
Key Announcements from Google…
The National Payments Corporation of India (NPCI) has launched a groundbreaking feature allowing customers to deposit cash at ATMs using the Unified Payments Interface (UPI), marking a significant advancement in banking convenience. The UPI Interoperable Cash Deposit (UPI-ICD) facility was unveiled by Reserve Bank of India’s Deputy Governor T. Rabi Sankar at the Global Fintech Fest (GFF) 2024 on…
