FINTECH COMPANY
Anup Gupta exits Nexus, latest in a wave of senior VC departures
Anup Gupta’s upcoming departure from Nexus Venture Partners in June 2024 marks the end of nearly 17 years with the firm, contributing to a trend of significant exits within leading Indian venture capital firms. Notable recent departures include Puneet Kumar from SuprDaily and Sameer Brij Verma from Nexus, both of whom are pursuing new ventures.
'Excited about new horizons': Nexus Venture Partners’ Anup Gupta announces June 2027 exit after nearly 17 years
Anup Gupta, a partner at Nexus Venture Partners, announced his decision to step down in June 2027. He reflected on his nearly 17-year journey with the firm and the entrepreneurs he collaborated with. Gupta indicated he is ready to pass responsibilities to the next generation of leaders. He expressed gratitude for being part of India's startup ecosystem since its early days.
S Naren’s art of contra investing: HDFC Bank, Natco Pharma, other 7 top picks down up to 39% from 52-week highs. What this means
The portfolio of this contra fund is spread across 13 sectors with highest allocation in retailing of around 12.17%. This was followed by 11.79% in automobiles and ancillaries, and 11.21% in the healthcare sector. The fund holds 42.35% in large caps, 17.89% in mid caps, 24.27% in small caps, and 15.5% in others.
Binance Blockchain Week Bangkok 2026 reveals speaker lineup featuring global finance and crypto leaders
Binance Blockchain Week 2026, under this year’s theme of ‘Evolve’, will convene leading policymakers, central bankers, institutional asset managers and technology leaders.
Razorpay moves closer to public market debut as Sebi gives green signal to IPO
Razorpay has received Sebi's approval for its proposed IPO, bringing the fintech company's stock market debut closer. Targeting a potential 2027 listing, the company is reportedly exploring a Rs 5,500-6,500 crore fundraising amid valuation and profitability scrutiny.
Razorpay, Sembcorp Green Infra get Sebi nod to float IPOs
Razorpay Software Ltd and Sembcorp Green Infra recently received approval from Sebi for their initial public offerings, marking a major milestone in their growth journeys. Razorpay aims to secure Rs 5,000-6,000 crore to enhance its financial services platform, while Sembcorp Green Infra plans to raise Rs 3,750 crore to bolster its renewable energy initiatives.
Paraguay bank crisis sucks life out of bustling market
Ueno Bank's recent collapse has severely affected local vendors at Mercado 4 in Asuncion, where sales have plummeted. Many customers find themselves without money, leading to decreased foot traffic and consumer spending. Although the central bank has provided some refunds to depositors, the relief has not reached the local market. Vendors express deep concerns over their ability to sustain their businesses amidst ongoing uncertainty.
Norwest raises $4 billion fund for India, US and Israel investments
Norwest has raised $4 billion for its 18th fund, which will invest across India, the US and Israel. The 65-year-old firm, backed by Wells Fargo, has been active in India for 20 years and manages $2.5 billion in assets in the country. It invests $300-350 million annually in India, managing director and India head Niren Shah said.
5 reasons why your product should be nominated for the ET Product of the Year Awards 2026
India's product landscape is rapidly transforming, driven by innovative solutions and upgraded offerings that cater to consumer demands. The ET Product of the Year Awards 2026 aims to shine a spotlight on products that have significantly impacted the market, emphasizing their success, user adoption, and overall customer value. Businesses are invited to submit nominations for products that debuted or evolved during the designated period to celebrate their accomplishments.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
Prosus widens India fintech play after years of consumer internet bets
The Amsterdam-listed technology investor is also close to investing in artificial intelligence-led credit management startup Oolka, people familiar with the matter said. Prosus evaluated credit-on-Unified Payments Interface (UPI) startup Kiwi in October and savings platform Jar in 2025 before deciding not to invest. Prosus declined to comment on specific deals.
India’s product landscape is changing: Which products are setting the benchmark across technology, finance, and consumer markets?
The ET Product of the Year Awards 2026 showcase India's rapidly growing product ecosystem by honoring groundbreaking innovations across diverse sectors such as enterprise technology, financial services, and consumer markets. These awards place emphasis on products that have made a significant market impact, gained customer adoption, and demonstrated exceptional innovation, motivating companies to present their tangible successes and contributions to the industry.
IIFL Finance board to weigh Blackstone, Advent proposals for Rs 5,000 crore capital raise
IIFL Finance's board will consider separate investment proposals from Blackstone and Advent International for a nearly Rs 5,000 crore capital raise, as the lender also explores a potential transaction involving Fairfax's stake sale.
Digital lenders clock 40-50% revenue growth as credit demand surges
Digital lender Kissht's revenue from operations rose 44.7% year-on-year to Rs 732 crore, while Moneyview reported 41% growth to Rs 1,120 crore. MobiKwik's financial services revenue increased 41.8% to Rs 87 crore, while Paytm's financial services distribution revenue grew 49.3% to Rs 912 crore.
AvenuesAI Q2 revenue jumps 47% as AI-first fintech transformation gathers momentum
AvenuesAI reported a steady set of second-quarter FY27 numbers, with the company continuing to build momentum behind its broader transformation from a payments gateway-led business into an AI-first financial technology infrastructure platform.
MobiKwik shares jump 4% as RBI approves NBFC licence; co targets Rs 5,000 crore loans
MobiKwik shares gained on Friday after the RBI granted its subsidiary a licence to operate as an NBFC, enabling the fintech company to enter direct lending. MobiKwik plans to disburse Rs 5,000 crore in loans over the next three to four years, targeting consumers and MSMEs through secured and unsecured products.
Razorpay gets Sebi nod for Rs 5,000-6,000 crore IPO: sources
ET reported on April 20 that Razorpay was preparing a confidential IPO filing to raise Rs 5,500-6,500 crore at an expected valuation of $5 billion (Rs 49,000-50,000 crore), below the $7.5 billion (around Rs 6,000 crore then) it commanded in its last major private funding round in 2021.
AI on the clock as fintechs demand payoff for spends
September-quarter earnings calls of Paytm, Pine Labs, Groww, PB Fintech, Kissht and Mobikwik reveal a shift across payments, stockbroking, lending and insurance. AI is moving beyond chatbots and experiments into decisions affecting the cost of acquiring, serving and retaining customers.
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