Warren Buffett, one of the most renowned investors of all time, has built his legacy on making well-calculated investment decisions. However, even the Oracle of Omaha is not immune to mistakes. One of the most notable examples of this is his tumultuous relationship with the airline industry. From initial optimism to complete divestment, Buffett’s investment … Read more
Navadhan, a leading rural fintech startup, has successfully raised ₹111 crore in a Series A funding round, surpassing its initial target of ₹80 crore. The funding round was spearheaded by NabVentures, with Prime Venture Partners as co-lead. Other notable investors like LNB Group, Varanium NexGen, and Gemba Capital also participated. The fresh capital will help … Read more
Nirvana Insurance, a leading AI-powered commercial trucking insurer, has raised $80 million in Series C funding, pushing its valuation to nearly $850 million. The funding round, led by General Catalyst, with continued support from Lightspeed Venture Partners and Valor Equity Partners, will drive Nirvana’s technological expansion and market growth in the fleet insurance sector. The … Read more
Leap Finance, the student lending division of Leap, has secured a $100 million debt facility from HSBC under its ASEAN Growth Fund. This follows Leap’s $65 million Series E equity raise in January, bringing its total funding to over $400 million. This new funding will support Leap Finance’s expansion in the U.S., strengthen university partnerships, … Read more
Jaipur-based Non-Banking Financial Company (NBFC), Namdev Finvest Private Limited, has successfully raised $38 million in debt funding from prominent Development Finance Institutions (DFIs). Key participants include Developing World Markets (DWM), BlueOrchard-managed funds (BlueOrchard Microfinance Fund and COVID-19 Emerging and Frontier Markets MSME Support Fund), and Mirova, marking a significant milestone in the company’s journey toward … Read more
India’s leading early-stage fintech-focused fund, IIFL Fintech Fund, has announced the successful closure of its Series II funding round, raising ₹200 crore from prominent family offices, UHNI, and HNI investors. The fund aims to invest in the next generation of fintech startups, including those exploring cutting-edge opportunities in the generative artificial intelligence space. Track Record … Read more
Flexera, a leader in technology spend and risk management, has entered into a definitive agreement to acquire the Spot by NetApp FinOps business from NetApp, a pioneer in intelligent data infrastructure. This strategic acquisition aims to elevate Flexera’s ability to support organizations managing their multi-cloud cost and FinOps requirements across hybrid cloud, SaaS applications, and … Read more
India’s fast-evolving trade finance and MSME lending landscape has received a significant boost as BillMart, a leading digital lending platform, partners with EQARO Guarantees to transform business financing. With expertise in MSME lending, bill discounting, supply chain finance, and working capital solutions, BillMart is set to integrate EQARO’s trusted credit and financial risk guarantee solutions … Read more
Bangalore-based B2B supply chain digital lending platform, QuiD Cash, has announced raising USD 4.5 million in a funding round comprising equity and lending capital. The funding round saw participation from new investors, with MINTCAP, an existing investor, reaffirming its support. This funding follows the seed round raised in March 2024 and marks a significant step … Read more
FinX, a skilling platform focused on equipping India’s BFSI (Banking, Financial Services, and Insurance) sector with job-ready talent, has raised $6 million in seed funding from Elevar Equity. Addressing India’s Employability Challenge India faces a significant gap between formal education and market-ready skills. According to the India Skills Report 2024, more than 50% of Indian … Read more
Mobile-first credit card startup OneCard is set to raise ₹239.4 crore ($28.5 million) from prominent investors, including Better Tomorrow Ventures, Peak XV Partners (formerly Sequoia Capital), and Z47 (formerly Matrix Partners). This marks the company’s first equity investment of 2024, following a debt funding round earlier in January. Key Details of the Funding Round According … Read more
Delhi-based fintech startup CredFlow has successfully raised $3.7 million (₹31.2 crore) in its latest Pre-Series B funding round. The round was led by existing investors Inflexor Ventures and a prominent Singapore-based family office. This funding will be directed towards scaling CredFlow’s financial services and lending verticals, enhancing its technology, and driving innovation. This follows the … Read more
N.S. Venkatesh, the highly respected financial professional who led the Association of Mutual Funds in India (AMFI) as its CEO from 2017 to 2023, is now taking on a new role in his illustrious career. He has been appointed as the Chairman of Athachi Finserv, a bespoke investment services organization offering comprehensive long-term wealth creation … Read more
Capital Small Finance Bank (CSFB), India’s first small finance bank, has joined forces with ICICI Lombard, a leading private general insurance company, in a strategic Bancassurance Corporate Agency tie-up. This collaboration marks a significant milestone for CSFB’s growth strategy, aiming to widen its product offerings and provide a more diverse range of general insurance solutions … Read more
Balancehero India, the driving force behind one of India’s leading digital lending apps, TrueBalance, recently appointed Sayantan Ghosh, an alumnus of the Indian Statistical Institute, as its Head of Credit Risk Management & Data Science. Before joining Balancehero India, Sayantan had a stint with Statsfin and held various leadership positions at American Express. During his … Read more
BankBazaar has emerged as the highest-funded startup in April, securing $9.6 million in investments. The fintech sector in India attracted $29 million in April, bringing the total investments in CY2024 to $203 million, according to data compiled by BFSI consulting firm The Digital Fifth. A significant portion of this funding was directed towards companies specializing … Read more
