CredRight, a Hyderabad-based NBFC (Non-Banking Financial Company), has just raised $10 million in Series B funding to support India’s smallest business owners — the ones who power local economies but often get overlooked by traditional banks.
This funding round was led by Abler Nordic, a global impact investor making its first move from its new Fund V. Existing backers Michael & Susan Dell…
Indian fintech giant Paytm is making waves internationally! The company has announced a strategic investment of $1 million in a Brazil-based startup, Dinie, marking a bold move in expanding its global presence. Through its subsidiary, Paytm Cloud Technologies, Paytm will acquire a 25% stake in Seven Technology LLC, the parent company of Dinie. The deal is expected to close within 45 days and is…
Two Point O Capital, a climate financing platform, has successfully raised $6.3 million in seed funding, primarily led by the venture capital firm Omnivore. This funding aims to enhance the company’s tech-enabled platform, which focuses on financing distributed clean energy projects, including solar rooftops and wastewater treatment systems, specifically catering to micro, small, and medium…
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…
Established in 2016, the Government eMarketplace (GeM) has emerged as a transformative force in public procurement, evolving into one of the largest Business-to-Government (B2G) procurement platforms globally. What began with a modest gross merchandise value (GMV) of INR 422 crore has surged to an impressive INR 4 lakh crore (approximately USD 50 billion) in 2024, marking a significant leap in its…
Flipkart has recently inaugurated two major Fulfillment Centers (FCs) in Uttar Pradesh, marking a significant expansion in its logistics and supply chain infrastructure. This strategic move is set to create over 3,600 direct and indirect employment opportunities, significantly contributing to the state’s economic growth.
The newly inaugurated facilities include a Fulfillment Center and sortation…
PayMate, a leading digital B2B payments company in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to introduce the PayMate BBPS-B2B platform. This cutting-edge platform aims to overhaul the commercial payment landscape in India by enhancing the efficiency of invoicing, payments, and collections, and fostering a seamless, interoperable ecosystem between buyers and…
The Defense Ministry on Sunday declared endorsement to budgetary help of Rs 498.8 crore by Defense Minister Rajnath Singh to the plan Innovations for Defense Excellence (iDEX) by Defense Innovation Organization (DIO). The plan expects to monetarily uphold near 300 MSMEs, new businesses, singular advancements, and 20 accomplice hatcheries under the DIO structure for the following five years to help…
