India’s fintech scene is buzzing as Jupiter Money, the Bengaluru-based neobank, raises $15 million (₹115 crore) in a fresh funding round from top investors including Mirae Asset Venture Investments, Beenext, and 3one4 Capital. Even the founder, Jitendra Gupta, put his own money into the round, signaling huge confidence in the startup’s future.
While Jupiter hasn’t revealed its latest…
Optimo Capital Secures Major Funding
Prashant Pitti, co-founder of EaseMyTrip, is back in the headlines—but this time with his fintech venture, Optimo Capital. The Bengaluru-based NBFC has raised Rs 150 crore ($17.5 million) in equity funding, led by Pitti himself, alongside existing investors Blume Ventures and Omnivore.
In addition, Optimo has secured Rs 110 crore in debt funding from IDFC…
Auxilo Finserve’s FY25 Boom: Fueling India’s Global Education Dreams
In a blockbuster performance that cements its position as India’s fastest-rising education finance powerhouse, Auxilo Finserve Pvt. Ltd. has reported a staggering ₹528 crore in revenue and ₹112 crore in profit after tax (PAT) for FY25 — marking a 48% surge in revenue and a 62% jump in profits over the previous fiscal…
In a move set to shake up India’s micro and small business lending space, Hiranandani Financial Services (HFS) has raised a whopping ₹800 crore ($91.5 million) in its maiden external equity funding round. The capital infusion comes from Vitruvian Partners, a global investment firm known for backing high-growth companies worldwide.
With this fresh funding, HFS, backed by real estate giant House…
InCred Holdings, one of India’s fastest-growing fintech firms, is gearing up for a blockbuster IPO with plans to raise ₹1,500 crore (around $172 million) via a fresh issue of shares. The company’s total IPO size is expected to fall between $460 million and $560 million, marking one of the most significant listings in the financial services sector this year.
According to internal documents…
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…
BharatPe’s Lending Arm Makes a Power Move with New CEO Appointment
India’s fast-growing fintech scene just got a major shake-up. BharatPe’s NBFC subsidiary, Trillionloans Fintech, has named Sandeep Singh as its new CEO, marking a bold new chapter for the company’s digital lending ambitions. This strategic leadership change signals BharatPe’s aggressive push to dominate the Indian credit…
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…
Adani’s super app, Adani One, has embarked on digital lending pilots with fintechs and non-banking financial companies (NBFCs) as part of its strategy to diversify its offerings. This initiative, spearheaded by Adani Digital Labs, aims to integrate personal loans into the app’s suite of services.
The app has finalized a partnership with KrazyBee Services, the NBFC arm of fintech firm…
