Credit Line on UPI Poised to Transform India’s Consumer Lending, Says Pine Labs
Pine Labs, in collaboration with McKinsey, has identified “credit line on UPI” (CLOU) as the next major growth driver for credit-linked payments at checkout, amid rapid transformations in India’s lending landscape. The report highlights that while India has around 330 million credit-ready consumers, 150–200 million remain underserved. Embedded credit solutions like CLOU aim to bridge […]
Yatra Online Sees Stake Reduction by Bandhan Mutual Fund Amid Q1 Revenue Surge
Mumbai, October 8, 2025: Bandhan Mutual Fund has reduced its holding in Yatra Online Limited through an open market transaction earlier this week. The fund sold 9.93 lakh equity shares on October 6, bringing its stake down from 3.61% to 2.98%. Prior to the sale, Bandhan Mutual Fund held 56.64 lakh shares, which fell to […]
Meolaa Secures $6M in Pre-Series A to Expand AI-Powered FMCG Marketplace
Bengaluru, October 8, 2025: Meolaa, a technology-driven FMCG company, has raised $6 million in a pre-Series A funding round led by General Catalyst, with participation from Claypond Capital, Colossa Ventures, Kunal Shah, Turbostart Global, and other existing investors. Prior to this, the Bengaluru-based startup had raised $4.43 million in a seed round from Manipal Group […]
Google Plans $10 Billion Data Centre Cluster in Visakhapatnam, India’s Largest Digital Infrastructure Investment
Visakhapatnam, October 8, 2025: Google is set to make its largest-ever direct investment in India’s digital infrastructure, planning a $10 billion data centre cluster in and around Visakhapatnam, Andhra Pradesh. The ambitious project will span three campuses in Adavivaram, Tarluvada, and Rambilli, with a total power capacity of 1 gigawatt. Key infrastructure developments will include […]
Theia Ventures Secures $15 Million in Maiden Fund First Close to Back Deeptech and Decarbonisation Startups
Venture capital firm Theia Ventures has announced the first close of its inaugural fund, raising $15 million toward its $30 million target. The fund will focus on deeptech, energy transition, and decarbonisation, targeting startups in areas such as green mobility, sustainable materials, battery technologies, clean logistics, and industrial decarbonisation. Theia has already secured commitments exceeding […]
Civic-Tech Startup Jaagruk Bharat Secures Rs 1.5 Cr Pre-Seed Funding Led by AJVC
Bangalore, October 8, 2025: Jaagruk Bharat, a civic-tech startup aimed at simplifying access to government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar. The funding will be deployed to enhance product development, strengthen collaborations with central and state government bodies, […]
QWR and Kaynes Technology Announce Strategic Partnership to Build India’s First Integrated Waveguide & XR Device Manufacturing Hub
Pan India, October 8, 2025 – QWR Interactive Solutions Pvt. Ltd. (QWR), India’s pioneering deep-tech XR and AI wearables company, and Kaynes Technology India Ltd. (Kaynes), leader in Electronics System Design & Manufacturing (ESDM), today announced a strategic partnership to co-develop and manufacture the next generation of head-worn computers (XR Devices) and smart glasses in […]
EdTech Startup “Readmio” Launches in India, to Invest 2.5 Lakh Euros in Next 18 Months
The startup will focus on Indian folktales & regional stories, alongside international classics. About 80% is currently focused on content production & 20% on marketing. The startup will also tweak its pricing to be accessible to the Indian market & will integrate local subscription payment options. New Delhi, October 2025: EdTech app Readmio announced its launch in […]
AI Is Redefining Central Banking — But Human Judgment Must Prevail, Says BIS’s Tao Zhang at GFF 2025
As artificial intelligence (AI) reshapes economies and institutions worldwide, central banks are beginning to grapple with how to harness its potential without compromising stability. Speaking at the Global Fintech Fest 2025, Tao Zhang, Chief Representative, Bank for International Settlements (BIS) outlined how AI is redefining central banking operations — from economic forecasting to risk management […]
From the American Dream to India’s Startup Frontier: Manik Pasricha’s Journey of Purpose, Grit, and AI-Focused Investments
A Leap of Faith: The Return Home When Manik Pasricha decided to leave behind a flourishing career in the United States (aka the American Dream) and return to India, it wasn’t just geography he was changing; it was the very course of his life. “I was one of those guys who always wanted to start […]
