Bengaluru-based Moneyview has moved to a significant milestone in emerging as India’s newest unicorn startup. The company has reportedly raised the above substantial amount at a valuation of $1.2 billion, placing it firmly in the fintech space. According to reports from various sources, the funding round was led by existing investors Accel India and Nexus…
Gurgaon-based ride-hailing startup Rapido has raised a staggering $200 million in its Series E funding round, led by WestBridge Capital. The new capital will be used to expand its four-wheeler ride-hailing services and go toe-to-toe against industry giants like Ola and Uber in India. With the new funding, Rapido’s valuation has jumped to $1.1 billion….
Paysharp, Chennai-based fintech startup, has received the final nod from the RBI to function as a Payment Aggregator. The major development comes after the in-principle approval given by the RBI in December 2022 and puts the company in the league of top payment aggregators in the country. Krishna Kumar Mani, founder and CEO of Paysharp,…
Quick commerce unicorn Zepto, which raised over $1 billion in the previous months, has begun its work for an initial public offering. The startup reportedly began discussions with investment banks regarding its plans, which are aiming to go live in the second half of 2025. Quite ambitious, this fits into the dreams of many new-age…
Wibmo, a leading payments security and digital financial services company, with City Union Bank and nStore, has launched the Buyer Side ONDC Module. The module is supposed to transform the digital buying journey of the customers of City Union Bank by seamlessly connecting them on the Open Network for Digital Commerce. ONDC is an initiative…
The valuation of PharmEasy’s parent, API Holdings, has taken a serious beating. From being valued at $5.6 billion, it came down to $458 million, which is a drop of 92%. It was due to a number of factors, including some really unfavorable market conditions and investor concern. Janus Henderson, one of PharmEasy’s investors, cut the…
Hindustan Composite is a leading auto ancillary company which strategically invested in the IPO-bound online food delivery giant Swiggy. The strategic partnership has come when Bollywood superstar Amitabh Bachchan’s family office also picked up a minority stake in the Bengaluru-based company. As part of the deal valued at Rs 5.17 crore, Hindustan Composite has entered…
Rebel Foods, India’s pioneering cloud kitchen platform, reported a strong improvement in its fiscal year financials, with its revenue rising nearly 19% and losses falling over 40%. The growth indeed suggests how well Rebel Foods has strategized to successfully navigate the competitive foodtech landscape. Food sold was the mainstay of the company, which contributed a…
Zepto is a rapid delivery startup that has increased its valuation to $5 billion after it closed a funding round of $340 million led by General Catalyst. It is almost double the valuation it attained in June, which was $3.6 billion. The fresh capital will drive expansion plans of the company at Zepto, including doubling…
Mastercard and wearable manufacturer boAt have partnered to enable tap-and-pay on their smartwatches. According to a press release from Mastercard, Mastercard cardholders who use smartwatches with payment capabilities from boAt will be able to make easy payments straight from their devices via Crest Pay, the official boAt app. Cardholders may now tokenize their current Mastercard…
