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Resilient Asset Management Offloads Paytm Shares Worth Rs.2,949 Cr

India, Aug. 18 -- Vijay Shekhar Sharma-owned Resilient Asset Management, acting on behalf of Alibaba Group affiliate Antfin, has offloaded 1.92 Cr shares in fintech major Paytm in a block deal worth a... Read More


Razorpay Launches AI Foundation Model Vulcan To Expedite Digital Payments

India, Aug. 18 -- Razorpay has launched a transformer-based AI foundation model Vulcan built to expedite digital payments. The IPO-bound startup claims that the model can make every digital payment mo... Read More


Meta Begins Action Against Centre's Concerns Over CSAM, Deepfakes: Report

India, Aug. 18 -- Social media giant Meta has reportedly begun taking steps to address concerns raised by the Central government over child sexual abuse material (CSAM), deepfakes, unlabelled AI-gener... Read More


Swiggy Shareholders Vote To Cap Foreign Ownership At 49.5%

India, Aug. 18 -- At Swiggy's 13th Annual General Meeting (AGM), the foodtech giant's shareholders voted to cap its aggregate foreign ownership at 49.5% and to tweak the company's Articles of associat... Read More


IPO-Bound NoPaperForms' FY26 Profit Surges To Rs.11.9 Cr, Revenue Up 25%

India, Aug. 18 -- IPO-bound education-focused SaaS company NoPaperForms, which got SEBI's nod for its IPO in March this year, saw its profit after tax jump 6.3X to Rs.11.9 Cr in the financial year end... Read More


Ecommerce Giants Woo Sellers With AI, Jar's Troubles & More

India, Aug. 18 -- Will Sellers Embrace AI Blitz? The AI war in the Indian ecommerce space is now moving into the seller realm. Online marketplaces are using AI tools to automate catalogues, forecast ... Read More


MobiKwik Infuses Rs.61 Cr In Lending Arm, Appoints Ex-Bajaj Markets' Manish Pathania As Its CBO

India, Aug. 18 -- Months after receiving a regulatory nod for its NBFC licence, MobiKwik has now completed the transfer of its digital lending operations and associated team to its wholly owned subsid... Read More


Amazon, Flipkart & Meesho's AI Focus Shifts To Seller-Side Stacks

India, Aug. 18 -- For much of the past two years, the AI race in Indian ecommerce revolved around the consumer. That meant the likes of Amazon, Meesho, Flipkart invested heavily in AI-powered search,... Read More


NeoGeo Bags $20 Mn To Scale Its Full-Stack Geospatial Business

India, Aug. 18 -- Geospatial technology startup NeoGeo has raised around $20 Mn (Rs.191 Cr) in a Series A funding round co-led by Neev II Fund and Aavishkaar Capital. Neev II is managed by SBI Ventur... Read More


Peak XV Partners, Together Fund Join Voice AI Unicorn Wispr Flow's Cap Table

India, Aug. 18 -- Prominent Indian startup investors - VC firm Peak XV Partners, Girish Mathrubootham-led Together Fund and Aakrit Vaish's Activate - have acquired stakes in US-based voice AI unicorn ... Read More