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Razorpay Reports Rs 2,068 Crore Revenue in FY24

Bengaluru-based fintech Razorpay achieves 24 per cent growth in payment gateway revenue, expanding its merchant base

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Avanse Financial Secures Sebi Approval For Rs 3,500 Cr IPO

The company plans to utilise the raised funds to bolster its capital base to support future growth and operational needs

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Auquan Raises $4.5 Mn To Automate Deep Work In Financial Services With AI

New funding aims to drive the expansion of engineering talent in Bangalore

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Cashfree Payments Secures RBI’s Prepaid Payment Instrument (PPI) Licence

In July this year, Cashfree Payments became a payment service provider to receive RBI’s Payment Aggregator-Cross border license for imports and exports. In December 2023, Cashfree Payments secured the RBI Payment Aggregator licence

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EvoluteIQ Secures $20 Mn In Equity And Debt Led By Round2 Capital

This funding will support EvoluteIQ’s plan to enhance its AI automation platform and expand operations globally

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Finova Capital Raises $135 Mn Series E Round Led By Avataar Venture Partners & Others

Finova will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale

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Swiggy Sets IPO Price Band At Rs 371- 390 Per Share, Aims To Raise Rs 11,300 Cr

The latest filing suggests that, at the upper price band, Swiggy's valuation would be around Rs 87,299 crore ($10.38 billion), slightly lower than its earlier target of $11.2 billion, according to media reports

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InsuranceDekho And RenewBuy In Talks For Major Merger: Report

As per media reports, the proposed merger values InsuranceDekho at approximately Rs 5,000 crore, while RenewBuy is estimated at Rs 3,000 crore

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B2B Ecommerce Startup ElasticRun Trims Losses To Rs 350 Cr In FY24

ElasticRun’s private label business also saw strong growth, now contributing nearly 20 per cent of the company’s total sales

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BharatPe Forays Into Investment Offerings, Introduces 'Invest BharatPe’ App

BharatPe launched Digital Gold as the first product on Invest BharatPe, giving its consumers the option to buy pure, 24K digital gold for as low as Rs 100, making it accessible for all consumers irrespective of their budgets

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