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PayU India's Payment Revenue Grows 12% To $498 Mn In FY25

India, June 23 -- Update | June 23, 04:49 PM: The story's headline has been edited to add the word payments. Prosus-owned fintech platform PayU's India payment revenue surged 12% to $498 Mn (around I... Read More


Conversational Payments Via AI Being Developed To Bolster India's Digital Ecosystem: FM

India, June 19 -- Finance minister Nirmala Sitharaman has said conversational payments through artificial intelligence and offline functionality are being developed as a part of India's evolving digit... Read More


Oben Electric Closes INR 100 Cr Series A Funding Round

India, June 18 -- Bengaluru-based electric bike manufacturer Oben Electric today said it has marked the final close of its INR 100 Cr (around $11.5 Mn) Series A funding round, after raising an additio... Read More


Techfino Bags INR 65 Cr To Offer Loans To MSMEs

India, June 18 -- Non-banking financing company (NBFC) Techfino has raised INR 65 Cr (around $7.5 Mn) from Stellaris Venture Partners and Saison Capital in a funding round. The Bengaluru-based NBFC w... Read More


IPO-Bound BlueStone Eyes Unicorn Tag With Fresh Funding

India, June 18 -- IPO-bound jewellery platform BlueStone is looking to raise fresh capital at a unicorn valuation of INR 11,500 Cr (around $1.15 Bn). As per a document accessed by Inc42, BlueStone is... Read More


Quadria Group Launches $300 Mn HealthQuad Fund After Split With KOIS

India, June 17 -- Healthcare-focused private equity firm Quadria Group has launched HealthQuad Fund III with a target corpus of $300 Mn and an additional $100 Mn green shoe option. HealthQuad was lau... Read More


Blinkit's Balewadi Dark Store Resumes Operations : Report

India, June 17 -- Days after the Maharashtra branch of the Food and Drug Administration (FDA) suspended the food business licence of Blinkit's Balewadi dark store in Pune, citing regulatory and food s... Read More


NCLT Approves Meesho's Reverse Flip To India

India, June 16 -- Amid its IPO preparations, ecommerce major Meesho has received approval from the National Company Law Tribunal (NCLT) to shift its headquarters back to India from the US. As per the... Read More


Raids On Zepto, Blinkit: The Ugly Side Of Dark Stores

India, June 15 -- Haste makes waste - the old adage fits perfectly for modern quick commerce apps. Behind the shine of 10-minute deliveries, there's a murkier layer - as recent raids on Zepto and Blin... Read More


FDA Revokes Suspension Of Zepto's Dharavi Warehouse Licence

India, June 14 -- Days after Maharashtra's food safety regulator, the Food and Drug Administration (FDA) suspended Zepto's food business licence in Mumbai's Dharavi area over reasons of non compliance... Read More