VerSe Innovation Expands Digital Footprint with Acquisition of Valueleaf Group
VerSe Innovation, the parent company behind popular platforms Dailyhunt and Josh, has announced its acquisition of digital marketing firm Valueleaf Group in a strategic cash and equity deal. This acquisition is anticipated to significantly enhance VerSe’s growth trajectory, with an expected boost in revenue of $100 million and a 10% EBITDA margin projected for FY25. […]
Nandan Nilekani Unveils ‘Finternet’: The Future of Financing Systems is Already Here
In a groundbreaking address at the Global Fintech Fest (GFF), Nandan Nilekani, co-founder and chairman of Infosys, introduced the concept of ‘Finternet,’ heralding a transformative shift in the global financial landscape. Nilekani’s vision for Finternet is a unified, user-centric financial ecosystem that integrates all types of assets through a universal infrastructure. According to Nilekani, the […]
Global Fintech Fest 2024: Addressing Inclusivity and Shaping the Future of Finance
August 28, 2024: At the opening session of the Global Fintech Fest (GFF) 2024, Shri Dammu Ravi, Secretary (Economic Relations) at the Ministry of External Affairs, Government of India, highlighted the urgent need to address the inclusivity gap in global finance. Speaking before a large audience at one of the world’s largest annual fintech conferences, […]
Global Fintech Fest 2024: RBI Governor Unveils UPI Circle and Bharat BillPay for Business
In a landmark announcement on August 28, 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das introduced two revolutionary fintech solutions at the Global Fintech Festival 2024: UPI Circle and Bharat BillPay for Business (BBPS). Both initiatives, developed by the National Payments Corporation of India (NPCI), aim to significantly enhance the efficiency, security, and inclusivity […]
Laiqa Raises ₹15 Crore in Seed Round Led by IvyCap Ventures to Revolutionize Women’s Hormonal Health
Laiqa Wellness, a promising femtech startup based in Gurugram, has successfully secured ₹15 crore in its seed funding round from IvyCap Ventures. This significant investment will fuel Laiqa’s growth and accelerate the development of its innovative technology solutions aimed at enhancing women’s hormonal health. Founded in August 2023 by Monica Bindra, Harmeet Bindra, and Meenakshi […]
ProFinTech Secures $1.4 Million in Seed Funding to Revolutionize MSME Financing
Fintech startup ProFinTech Technologies has successfully raised $1.4 million in a seed funding round, co-led by prominent High Net Worth Individuals (HNIs) and the family office of K.I. Varaprasad Reddy, along with key investors Rahul Gedupudi, Sreeman Chalasani, and Srinivas Kalagara. The Hyderabad-based company plans to use the capital infusion to fuel its growth and […]
Sunfox Technologies Secures Rs 15 Crore in Pre-Series A Round to Expand Healthcare Innovation
Health-tech startup Sunfox Technologies has successfully raised Rs 15 crore in a pre-Series A funding round led by Venture Catalysts, with additional participation from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund. Other investors include Universal Group and RP Singhvi Group. This latest investment follows a Rs 5 crore funding round […]
BharatPe Enters Consumer Payments Market with Rebranded Postpe App
Fintech firm BharatPe has entered the consumer payments space by rebranding its postpe app as BharatPe. This strategic move places BharatPe in direct competition with established players like PhonePe, Google Pay, and Paytm in the peer-to-peer (P2P) payments ecosystem. The revamped BharatPe app now allows users to create UPI IDs through the app, facilitating payments […]
Servify Secures $10 Million in Debt and Equity Funding Amidst Series D Round
Mumbai-based post-sales service provider Servify has raised Rs 84 crore (approximately $10 million) in a fresh tranche of its Series D round. The funds were secured through a mix of equity and debt from Bajaj Holdings, Trifecta Capital, and Innoven Capital. According to regulatory filings with the Registrar of Companies (RoC), Servify’s board passed a […]
DeepMatrix Secures $1.6 Million in Pre-Series A Funding to Revolutionize Geospatial Data Management
Deeptech startup DeepMatrix has successfully raised $1.6 million in a pre-Series A funding round, co-led by YourNest and Arali Ventures. Additional participation came from lead angels and Tracxn founder Abhishek Goyal, underscoring the strong investor confidence in the company’s innovative approach to geospatial data management. Based in Bengaluru, DeepMatrix had previously secured over $600K in […]
