India
Companies
Funding rounds
$5.5M
CoinFundLead, Coinbase Ventures, Zero Knowledge Ventures
Added · · Mochatrade raises $5.5M seed led by CoinFund to offer Indian traders US stock perpetual futures
INR 850M
FMOLead, LeapFrog Investments
INR 360M
LightspeedLead, Prime Venture PartnersLead
Added · · Zomint raises Rs 36 crore (about $3.75M) in a seed round from Lightspeed and Prime Venture Partners
€1.2M
Techshop CapitalLead, Vento Ventures
Added · · simpL raises a €1.2M pre-seed led by Techshop Capital to build an AI operating system for B2B sales
INR 1B
Michael & Susan Dell FoundationLead, Alteria Capital, Lok Capital, Norinchukin Capital, Z47
Added · · Seeds Fincap raises ₹100 crore ($10.4M) Series B led by the Michael & Susan Dell Foundation
INR 1.4B
InnoVen CapitalLead, Alteria Capital, Neo Group
Added · · BharatPe raises Rs 135 crore ($14M) in debt led by InnoVen Capital ahead of a potential IPO
$20M
Added · · Weekly update #147
$100M
Added · · Weekly update #146
$12.5M
NorwestLead, 3one4 Capital, Vertex Ventures Southeast Asia & India
Added · · Weekly update #146
$40.2M
NorwestLead
Added · · Weekly update #142
News
Razorpay clears SEBI review for an IPO that could raise ₹5,000-6,000 crore
SEBI has issued its observations on Razorpay's confidential draft IPO papers, clearing the Indian payments company to go ahead with a listing.
Paytm gets RBI in-principle nod to issue wallets again through Paytm Payments Services
Paytm Payments Services (PPSL), a wholly owned subsidiary of One 97 Communications, has received in-principle authorisation from the Reserve Bank of India to…
PowerUp Money raises $10M led by Flourish Ventures for AI-led wealth advice in India
PowerUp Money has raised $10 million in a round led by Flourish Ventures.
NPCI launches subsidiary NPCI Tech Solutions for AI and blockchain
The National Payments Corporation of India is branching out of core payments with a new subsidiary, NPCI Tech Solutions Limited (NTSL). It will act as the group's technology and innovation arm, concentrating on AI, blockchain and digital financial infrastructure.
Mochatrade raises $5.5M seed led by CoinFund to offer Indian traders US stock perpetual futures
Mochatrade has raised a $5.5 million seed round led by CoinFund, with Coinbase Ventures and Zero Knowledge Ventures participating.
Tech Mahindra acquires Finastra's cash management product suite
Tech Mahindra has acquired Finastra's Cash Management product suite: Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management.
India delays its UPI merchant fee after pushback from retailers
The National Payments Corporation of India has postponed the 0.4% fee on eligible UPI merchant transactions above ₹2,000 (about $21) that was due to start on…
NeoGrowth raises ₹85 crore (about $8.8M) led by FMO, with LeapFrog Investments, to expand MSME lending in India
Mumbai-based NeoGrowth has raised ₹85 crore, about $8.8 million, in a mix of equity and debt led by FMO, the Dutch entrepreneurial development bank, with…
Zomint raises Rs 36 crore (about $3.75M) in a seed round from Lightspeed and Prime Venture Partners
Indian wealthtech Zomint has raised Rs 36 crore, about $3.75 million, in a seed round from Lightspeed and Prime Venture Partners.
Seeds Fincap raises ₹100 crore ($10.4M) Series B led by the Michael & Susan Dell Foundation
Seeds Fincap has raised more than ₹100 crore, about $10.4 million, in a Series B led by the Michael & Susan Dell Foundation. Existing investors Z47 and Lok…