Startup News

September 25, 2024

Fintech startup Cashfree Payments has appointed Nitin Pulyani as its new Chief Product Officer and Senior Vice President. In this strategic role, Pulyani will spearhead product innovation and drive initiatives to accelerate the company's growth. His responsibilities include overseeing product development and ensuring that Cashfree Payments continues to deliver innovative solutions that meet the needs

September 24, 2024

SUMMARY In his new role, Pulyani will be responsible for product development and innovation as well as developing strategic growth initiatives for Cashfree. Prior to this, Pulyani was the Product Manager at Jupiter, a Mumbai-based fintech startup. Recently, Cashfree appointed former Razorpay SVP Harsh Gupta as its Chief Revenue Officer (CRO). Fintech Start-up Cashless Payments

September 24, 2024

A fintech unicorn based in New Delhi BharatPe has joined the Indian government-backed Open Network for Digital Commerce (ONDC) allowing its customers to order food directly through its app. The new feature aims to streamline the customer experience by eliminating the need for multiple apps on a smartphone. The integration will enable BharatPe's 15 million

September 24, 2024

EGR North AmericaXDA Launches New Venture Fund for Gaming and Fintech StartupsXDA has launched a new investment vehicle designed to help gaming and fintech startups..48 minutes ago

September 23, 2024

A Gurugram-based fintech unicorn Mobikwik has received final approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offer (IPO) worth Rs 700 crore. The IPO will consist entirely of a fresh issue of shares of face value of Rs 2 each, and there will be no offer for sale.

September 23, 2024

THE fintech sectorespecially the world of cross-border digital paymentshas had its share of high-growth “unicorns” that approach their rise in business with the infamous “move fast and break things” mentality. The strategy is certainly doing a lot of damage and has recently left Some investors hold the piggy bank. But it worked well enough to

September 22, 2024

Between September 16 and 21, 2024, no less than 24 startups Companies from diverse sectors have raised over $470 million in funding from investors. These sectors include Edtech, Fintech, NBFC, SaaS, Dating, Traveltech, Wellness, Healthcare, Food, and Infrastructure. Last week, Indian startups raised over $227 million in funding, with consumer tech unicorn InMobi alone raising

September 22, 2024

Mexican fintech startup History closed a new financing round worth $212 million, in a mix of equity and debt financing that includes Goldman Sachs Group Inc.to stimulate investment and expansion into other markets. Of the total, $105 million was in equity led by Notable Capital, BAI Capital and existing investors, and $107 million was in

September 21, 2024

Date Name Sector Sub-sector Business model Amount of the financing round Type of funding cycle Investors Lead Investor September 20, 2024 Physics Wallah Educational technologies Test Preparation B2C $210 million Series B Hornbill Capital, Lightspeed Venture Partners, GSV, WestBridge The hornbill capital September 18, 2024 Redcliffe Laboratories Health technologies Health services B2C $42 million C

September 21, 2024

SUMMARY Neobanking fintech startup Kaleidofin has secured $13.8 million (approx. INR 115 crore) in a new funding round led by Rabo Partnerships The round also saw participation from existing backers including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish Ventures Kaleidofin provides financial solutions to low-income customers, underbanked customers and businesses

September 21, 2024

Colibidaethe Spanish FinTech platform behind the country's first mortgage auction system, has successfully raised €400,000 in a seed funding round. The funding round included follow-on investments from Demium Capital and angel investor Andreas Mihalovits, reflecting their continued confidence in Colibid’s potential and future prospects. Alongside existing investors, OK Ventures, the venture capital arm of the

September 21, 2024

The startup world can be a very strange place. In a letter to investors, it was announced that Bolt founder Ryan Breslow returns as CEO of the struggling startup and raises an additional $450 million at a $14 billion valuation from investors in the UAE and the UK, The information reported. The valuation represents a