The Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Agg ...More

The Reserve Bank of India has recognized Sahamati as the Self-Regulatory Organisation for the Account Aggregator ecosystem. This move formalizes governance and operational standards for financial data sharing. Sahamati, a not-for-profit entity, will now oversee this crucial network. The ecosystem facilitates consent-based sharing of financial data, benefiting credit underwriting and customer assessment. ...Less

Cross-border digital payment firms are increasingly targeting Gift City for growth, seeking Payment Servi ...More

Cross-border digital payment firms are increasingly targeting Gift City for growth, seeking Payment Service Provider (PSP) licenses to cater to international travelers and businesses. Companies like Razorpay, Cashfree, and Skydo are exploring this route to offer multi-currency wallets and streamline import-export flows, complementing existing RBI licenses. ...Less

Sahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management com ...More

Sahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs. This funding will enhance the data sharing platform's infrastructure and participation. The investment supports the development of a robust framework for financial data management, placing consumers in control of their information. ...Less

Founded in 2019, IndMoney allows users to track their finances on a single platform and helps them invest ...More

Founded in 2019, IndMoney allows users to track their finances on a single platform and helps them invest across various financial instruments including mutual funds, fixed deposits, stocks and bonds. ...Less

Founded in 2019, IndMoney allows users to track and organise their finances on a single platform and help ...More

Founded in 2019, IndMoney allows users to track and organise their finances on a single platform and helps them invest across various financial instruments including mutual funds, fixed deposits, bonds and US stocks. It also helps users with wealth planning. ...Less

Other investors who participated in the round include Lenskart founder Peyush Bansal and Nearbuy cofounde ...More

Other investors who participated in the round include Lenskart founder Peyush Bansal and Nearbuy cofounder Ankur Warikoo. ...Less

Union Budget 2025: Platforms which might benefit out of this are Vested Finance, IndMoney and such which ...More

Union Budget 2025: Platforms which might benefit out of this are Vested Finance, IndMoney and such which are offering investment options to investors buying international stocks. ...Less

Over half a dozen fintech companies and several offline players that had active partnerships with the ban ...More

Over half a dozen fintech companies and several offline players that had active partnerships with the bank have reportedly been impacted by the RBI’s move. ...Less

Through the direct route, Indian investors have the option to create accounts with US based brokers and r ...More

Through the direct route, Indian investors have the option to create accounts with US based brokers and remit money via the Liberalized Remittance Scheme (LRS), and invest directly in U.S. stocks and ETFs. ...Less

People aware of the development said at least seven or eight fintechs have been impacted by RBI’s move to ...More

People aware of the development said at least seven or eight fintechs have been impacted by RBI’s move to stop LRS transaction on SBM India, along with several offline players that had active partnerships with the bank. ...Less

Gaming platform Games24x7 has raised $75 million in a funding round that was led by Malabar Investment. E ...More

Gaming platform Games24x7 has raised $75 million in a funding round that was led by Malabar Investment. Edtech startup Classplus, which helps educators and content creators launch online courses, has raised $70 million in its latest round of funding ...Less

Startups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated ...More

Startups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated general insurance market. A growing number of startups have secured or are applying for corporate agency licences, which allow them to partner with up to 27 insurers across life, general and health categories. ...Less

Indian investors are increasingly putting money into international equities, with $1.6 billion sent abroa ...More

Indian investors are increasingly putting money into international equities, with $1.6 billion sent abroad in the first nine months of 2025, surpassing last year’s total. New platforms like Zerodha, Dhan, and Smallcase are preparing to offer global stocks to clients. Regulatory clarity and growing awareness are driving this surge in overseas investments. ...Less

Stock investment platforms such as IndMoney, Vested Finance and Stockal, among others, think the proposed ...More

Stock investment platforms such as IndMoney, Vested Finance and Stockal, among others, think the proposed increase in TCS on such transactions will deal a blow to the wealth management industry and hurt retail investors, sources added. Around eight such platforms are expected to jointly write to the Central Board of Direct Taxes and other stakeholders soon. ...Less

Neobanking platform Niyo will use the proceeds from the current round to launch new products in the lendi ...More

Neobanking platform Niyo will use the proceeds from the current round to launch new products in the lending as well as insurance space. It is also expected to use the funding for brand building, inorganic acquisitions and to bolster its team strength. ...Less

Gurjot Ahluwalia from Gurgaon grew his net worth from zero to ₹5 crore in 11 years. He focused on profess ...More

Gurjot Ahluwalia from Gurgaon grew his net worth from zero to ₹5 crore in 11 years. He focused on professional growth, saving aggressively, and investing in equity and businesses. He benefited from being debt-free and living with his parents. His ₹5 crore net worth excludes property and jewellery. People praised his consistency and patience. ...Less

Before diversifying into US markets, Indian investors should consider currency exchange rates, as fluctua ...More

Before diversifying into US markets, Indian investors should consider currency exchange rates, as fluctuations can affect returns. It’s also important to evaluate market conditions, economic growth outlook, and the regulatory environment. ...Less

May ask govt to only tax HNIs, high-value deals so as not to hurt wealth management industry. ...More

May ask govt to only tax HNIs, high-value deals so as not to hurt wealth management industry. ...Less

Top brass of new-age stock investing platforms detail impact of levy on retail investors and business. ...More

Top brass of new-age stock investing platforms detail impact of levy on retail investors and business. ...Less

The Bengaluru-based online wealth manager plans to use the funds to bolster its new product verticals, ex ...More

The Bengaluru-based online wealth manager plans to use the funds to bolster its new product verticals, expand customer base and partner with more independent financial advisors. ...Less

Industry insiders said that while AI is being used across multiple functions by startups, these are still ...More

Industry insiders said that while AI is being used across multiple functions by startups, these are still very early days. There is a shortfall in data around conversations between relationship managers and investors. ...Less

A report released by Elevation Capital shows that together the niche market and the mass market will have ...More

A report released by Elevation Capital shows that together the niche market and the mass market will have a revenue pool of more than $170 billion by 2030. ...Less

The trend has come as good news for online financial investment companies, who are doubling down on conte ...More

The trend has come as good news for online financial investment companies, who are doubling down on content in regional languages, local partnerships, and tapping regional influencers. ...Less

The bigger interest in Chinese technology giants these days is on account of cheaper valuations compared ...More

The bigger interest in Chinese technology giants these days is on account of cheaper valuations compared with their American peers and a general dip in appetite towards US equities in the wake of uncertainties around the trade tariff regime. ...Less

A technology entrepreneur, Kashyap has launched multiple businesses in online travel, payments and fintec ...More

A technology entrepreneur, Kashyap has launched multiple businesses in online travel, payments and fintech space ...Less

Robotics company Addverb Technologies, California-based technology company Pixis and SaaS company Lummo w ...More

Robotics company Addverb Technologies, California-based technology company Pixis and SaaS company Lummo were among the startups that raised funding this week. ...Less

Despite regulatory hurdles impacting established brokers, new wealth-tech startups are entering the India ...More

Despite regulatory hurdles impacting established brokers, new wealth-tech startups are entering the Indian stock market. Founders cite market under-penetration and economic growth as justification for their ventures, focusing on long-term investors and educational resources. However, high retail investor losses and a changing regulatory landscape pose major challenges. ...Less

Cashfree Payments on Wednesday announced that it verified over 40 crore individuals in the previous fisca ...More

Cashfree Payments on Wednesday announced that it verified over 40 crore individuals in the previous fiscal, up 57 per cent on an annual basis. The company's Verification Suite has witnessed a growth rate of 30% in the first quarter of FY 23-24, it said in a statement. ...Less

Wealthy will be using the funds to penetrate deeper into the Indian market and expand globally, including ...More

Wealthy will be using the funds to penetrate deeper into the Indian market and expand globally, including in the Middle East, the Bengaluru company said in a statement on Wednesday. ...Less

Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberaliz ...More

Budget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme (LRS) from Rs 7 lakh to Rs 10 lakh. She also proposed removing TCS on remittances for education if funded by a loan from a specified financial institution, easing the financial burden on students and families managing overseas education expenses. ...Less

Zerodha, India's largest stockbroker by revenue, is gearing up to let its users invest directly in the US ...More

Zerodha, India's largest stockbroker by revenue, is gearing up to let its users invest directly in the US stocks by early 2026, according to CEO Nithin Kamath, marking one of the firm's most anticipated product launches aimed at tapping growing demand for global investing. ...Less

Consolidation is also in play as many of these startups are unable to shore up a war chest to fight bigge ...More

Consolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals. ...Less

The city has reported sporadic incidents of violence since Monday's clashes in the neighbouring Nuh distr ...More

The city has reported sporadic incidents of violence since Monday's clashes in the neighbouring Nuh district, resulting in a host of companies asking employees to work from home. "These incidents have the potential to disrupt the mindset of the investor and startup community. People need to be comforted on an immediate basis with strong measures," said Vikram Gupta, founder and managing partner of IvyCap Ventures. ...Less

Cloud major looking to export ‘great ideas’ from here, says Gaurav Arora, director and head of startup bu ...More

Cloud major looking to export ‘great ideas’ from here, says Gaurav Arora, director and head of startup business in Asia Pacific and Japan at AWS. ...Less

The company said it will use the capital for building its team, product development, marketing, and assis ...More

The company said it will use the capital for building its team, product development, marketing, and assisting doctors in setting up their digital clinic. ...Less

Happy Wednesday! Indian investors are increasingly buying stocks in international markets. This and more ...More

Happy Wednesday! Indian investors are increasingly buying stocks in international markets. This and more in today’s ETtech Morning Dispatch. ...Less

The financial services platform offers alternative investment tools, and funds raised will help accelerat ...More

The financial services platform offers alternative investment tools, and funds raised will help accelerate the launch of its flagship product Altitude Prism, a structured fixed income instrument, which the company aims to list on the National Stock Exchange, it said in a statement. ...Less

JioBlackRock AMC, a JV between Jio Financial and BlackRock, has launched its first set of five index fund ...More

JioBlackRock AMC, a JV between Jio Financial and BlackRock, has launched its first set of five index funds via an NFO, open until August 12. These low-cost, diversified offerings target both new and seasoned investors. Available on the JioFinance app and top digital platforms, the funds aim to democratise investing through digital access, education, and broad market exposure. ...Less

The University Grants Commission (UGC) and the All India Council for Technical Education told educational ...More

The University Grants Commission (UGC) and the All India Council for Technical Education told educational institutes to cancel their partnerships with edtech firms or face being derecognised. ...Less

But now the company faces fierce, well-funded competition in the form of Flipkart, which plans to roll ou ...More

But now the company faces fierce, well-funded competition in the form of Flipkart, which plans to roll out similar services in the coming months. ...Less

If the funding round goes through, it will not only make Upstox a unicorn—privately held companies valued ...More

If the funding round goes through, it will not only make Upstox a unicorn—privately held companies valued at $1 billion or more—but also ascribe it a valuation significantly higher compared to the previous round. ...Less

Klub's latest fundraising, which was led by 9Unicorns and Sequoia Surge, is one of the largest seed round ...More

Klub's latest fundraising, which was led by 9Unicorns and Sequoia Surge, is one of the largest seed rounds till date in India’s startup ecosystem. ...Less

Landlords, travellers and parents sending children abroad for education will also benefit ...More

Landlords, travellers and parents sending children abroad for education will also benefit ...Less

Lenskart's shareholders have approved plans for an IPO aiming to raise Rs 2,150 crore. The company is exp ...More

Lenskart's shareholders have approved plans for an IPO aiming to raise Rs 2,150 crore. The company is expected to file its DRHP with Sebi soon, joining other new-age firms seeking public funding. Shareholders also approved a new Esop 2025, and the company reported a 43% increase in operating revenue for FY24, with narrowed losses. ...Less

Investors from small towns have been flocking to online brokerages and crypto platforms in huge numbers s ...More

Investors from small towns have been flocking to online brokerages and crypto platforms in huge numbers since the start of the pandemic. ...Less

A recent debate sparked by a viral Reddit post questions the traditional Indian obsession with homeowners ...More

A recent debate sparked by a viral Reddit post questions the traditional Indian obsession with homeownership. CA Nitin Kaushik warns that buying a house prematurely can lead to financial strain, citing common mistakes like depleted savings and excessive EMIs. He argues renting offers flexibility and investment opportunities, while early homeownership can feel like a burden, limiting career mobility. ...Less

A couple earning Rs 2.8 lakh per month purchased two properties, anticipating rental income to cover EMIs ...More

A couple earning Rs 2.8 lakh per month purchased two properties, anticipating rental income to cover EMIs. However, their EMIs severely strained their finances, leaving minimal funds for other investments, even for their child's education. CA Nitin Kaushik warns against prioritizing real estate without considering liquidity and future financial needs. ...Less

Michael Burry Cassandra Unchained: Michael Burry, once dubbed "Cassandra" by Warren Buffett for his accur ...More

Michael Burry Cassandra Unchained: Michael Burry, once dubbed "Cassandra" by Warren Buffett for his accurate but unheeded warnings of the housing bubble, has launched a paid Substack newsletter. This move follows his deregistration of Scion Asset Management, allowing him to operate independently and share his market analysis directly with subscribers. ...Less

A middle-class professional built a net worth of Rs 5 crore in 11 years, starting with a salary of Rs 25, ...More

A middle-class professional built a net worth of Rs 5 crore in 11 years, starting with a salary of Rs 25,000 and no business income or inheritance. His journey was marked by aggressive saving—up to 75% after moving home—along with long-term equity investing, smart career choices, and financial discipline. Inspired by real-life success stories in investing, he focused on small-cap stocks with solid fundamentals and used market crashes as buying opportunities. Even after hitting his milestone, he maintains a cautious financial outlook, emphasizing the value of consistent saving, avoiding investment fads, and planning ahead rather than chasing early retirement. ...Less

While senior citizens, landlords and those providing professional/technical services are the biggest bene ...More

While senior citizens, landlords and those providing professional/technical services are the biggest beneficiaries of the TDS limit hike, the rise in TCS threshold will help foreign travellers and investors, as well as parents sending children abroad for higher education, as they will get more money in their hands, or not wait an entire year to get a tax refund. ...Less

In 2024, India's MF industry reached ₹68.08 lakh crore in assets under management. Systematic Investment ...More

In 2024, India's MF industry reached ₹68.08 lakh crore in assets under management. Systematic Investment Plans, passive funds, and multi-asset investing are expected to grow in 2025. Increased tech adoption is also likely to drive growth, especially in smaller cities. Key sectors to watch include technology, renewable energy, banking, and consumer durables. ...Less

While details are yet to be finalised, the repayments on these loans will be structured in such a way tha ...More

While details are yet to be finalised, the repayments on these loans will be structured in such a way that future DBT inflows to the beneficiary borrowers’ account will be deducted every time they access credit, a source with knowledge of the discussions said. ...Less

Though these micro savings may still not add up to a big sum, they can be used for short-term goals in th ...More

Though these micro savings may still not add up to a big sum, they can be used for short-term goals in the next 1-2 years. ...Less

According to a note circulated to members, the chairperson of the association will be the founder, cofoun ...More

According to a note circulated to members, the chairperson of the association will be the founder, cofounder, chairman, CEO, MD or executive director of an Indian company. ...Less

Internet and Mobile Association of India (IAMAI) had submitted its views to the CDCL opposing the prescri ...More

Internet and Mobile Association of India (IAMAI) had submitted its views to the CDCL opposing the prescription of ex-ante regulations for digital companies, saying that ex-ante measures “may limit growth not only of the market in question but the digital economy altogether”. ...Less

Those in the running include Harsh Jain of Dream 11, Rajesh Magow of Makemytrip, Sameer Nigam of PhonePe, ...More

Those in the running include Harsh Jain of Dream 11, Rajesh Magow of Makemytrip, Sameer Nigam of PhonePe, Harshil Mathur of RazorPay, and Anupam Mittal of Shaadi.com. ...Less

The U.S. stock market offers Indian investors opportunities for diversification, global exposure, and str ...More

The U.S. stock market offers Indian investors opportunities for diversification, global exposure, and strong returns. With significant growth in sectors like AI, technology, and semiconductors, U.S. equities complement India's market. Currency appreciation and rising accessibility through fintech platforms make investing in U.S. stocks increasingly attractive. However, investors should consider factors like taxation, platform choice, and long-term strategy. ...Less

Dream11 cofounder and chief executive Harsh Jain has been elected the chairperson of the IAMAI, Makemytri ...More

Dream11 cofounder and chief executive Harsh Jain has been elected the chairperson of the IAMAI, Makemytrip cofounder and group CEO Rajesh Magow is the vice-chairperson, and Times Internet’s Satyan Gajwani has been elected as the treasurer. ...Less

BharatPe board chairman Rajnish Kumar told ETtech in an interview that the embattled fintech has appointe ...More

BharatPe board chairman Rajnish Kumar told ETtech in an interview that the embattled fintech has appointed an Alvarez & Marsal executive as its chief financial officer (CFO). ...Less

New-age stock investing platforms are planning to write to the government seeking exemption for foreign e ...More

New-age stock investing platforms are planning to write to the government seeking exemption for foreign equity investment use cases from the new TCS regime wherein the tax collected at source (TCS) will go up sharply to 20% from 5% as suggested in the Budget 2023-24 proposals. We have this and more in today’s edition of the ETtech Morning Dispatch. ...Less

Dream11’s Harsh Jain was elected as the chairperson of the Internet and Mobile Association of India (IAMA ...More

Dream11’s Harsh Jain was elected as the chairperson of the Internet and Mobile Association of India (IAMAI) amid an ongoing tussle between Indian startups and the internet body on the latter’s pro-Big Tech stance. This and more in today’s ETtech Top 5. ...Less

Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ET ...More

Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch. ...Less

“Globally, venture funds are sitting on around $4 trillion and that money has to be deployed. ” ...More

“Globally, venture funds are sitting on around $4 trillion and that money has to be deployed. ” ...Less

Indian investors and SaaS startups have are rattled by the developments in the US. While some are closely ...More

Indian investors and SaaS startups have are rattled by the developments in the US. While some are closely tracking the developments, others have started moving their deposits out from SVB. ...Less

Despite India's strong economic growth forecast, its equity markets have underperformed, prompting invest ...More

Despite India's strong economic growth forecast, its equity markets have underperformed, prompting investors to consider global diversification. Investing in international markets offers access to diverse sectors and mitigates country-specific risks. Investors can choose amidst options like international funds, direct investment through LRS, and GIFT City. Tax reforms and Double Tax Avoidance Agreements further enhance the appeal of global investing. ...Less

The government is developing a platform to help citizens who store their documents in DigiLocker to auto- ...More

The government is developing a platform to help citizens who store their documents in DigiLocker to auto-update their address and other demographic details across departments through Aadhaar, officials told ET. This and more in today’s edition of ETtech Morning Dispatch. ...Less

Happy Friday. A bunch of gaming and getting firms continue operations and ads across online platforms des ...More

Happy Friday. A bunch of gaming and getting firms continue operations and ads across online platforms despite a government ban. This and more in today’s edition of ETtech Morning Dispatch. ...Less

Happy Monday! Rapid developments in artificial intelligence are being adopted in India's fast-growing wea ...More

Happy Monday! Rapid developments in artificial intelligence are being adopted in India's fast-growing wealthtech sector. This and more in today’s ETtech Morning Dispatch. ...Less

Tech Mahindra reported a drop in Q3 profit on Monday due to a moderation in demand, subdued performance o ...More

Tech Mahindra reported a drop in Q3 profit on Monday due to a moderation in demand, subdued performance of its communications division and a surge in expenses. Indian IT service providers have reported a mixed bag of earnings so far. ...Less

Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. T ...More

Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today’s ETtech Morning Dispatch. ...Less

From Google and Microsoft to Cognizant and Adobe, a growing number of technology-focused firms are today ...More

From Google and Microsoft to Cognizant and Adobe, a growing number of technology-focused firms are today led by Indian-origin chief executives. Neal Mohan, who was named the next CEO of streaming service YouTube, is the newest name added to the growing list of Indian-origin CEOs of global corporations. ...Less

Gurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of ...More

Gurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 crore from the year-ago period. Striking an upbeat note following the results, the company’s management said it expects profitability to sustain going forward. This and more in today’s ETtech Top 5. ...Less

Amazon India’s senior executive Amit Agarwal told ET in an interaction that the ecommerce giant’s newer i ...More

Amazon India’s senior executive Amit Agarwal told ET in an interaction that the ecommerce giant’s newer investments in the country are going into technology and services to bring more shoppers online. This and more in today’s ETtech Morning Dispatch. ...Less

Singaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided ...More

Singaporean ecommerce firm Shopee, which launched in India only about six months ago, has already decided to shut its operations here. ...Less

Ola Electric is taking the Tesla route to build a Twitter community. The government is awaiting RBI's pil ...More

Ola Electric is taking the Tesla route to build a Twitter community. The government is awaiting RBI's pilot on digital currency before deciding on the country's cryptocurrency framework. ...Less

The growing club also indicates that Esops have gone mainstream in India and are likely to be a bigger pa ...More

The growing club also indicates that Esops have gone mainstream in India and are likely to be a bigger part of employees’ pay packets in the future, top-tier founders told us. ...Less

How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires fi ...More

How can a senior citizen earn a regular pension of Rs 1 lakh every month after retirement? It requires financial planning — you need to invest your retirement corpus in a way that can help you with a regular income. Investment choices depend on risk tolerance. Careful financial planning, considering factors like tax efficiency and inflation, is crucial for achieving this goal. ...Less

Instagram vs YouTube is the power battle that is shaping where brands put their money, and users their at ...More

Instagram vs YouTube is the power battle that is shaping where brands put their money, and users their attention. Who will garner eyeballs; who will take home more ad budgets? ET speaks to marketers to find out the parameters that will determine who emerges triumphant in this gladiatorial royal rumble. ...Less

Investing abroad directly with a foreign broker works best for sophisticated investors who trade sparingl ...More

Investing abroad directly with a foreign broker works best for sophisticated investors who trade sparingly and can hold for the long term. ...Less

Industry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a dat ...More

Industry groupings argue that this could open up a pandora’s box of privacy risks in the absence of a data protection law. They are also seeking clearer definitions of terms like high-value data set and anonymised data, and a phased implementation plan. ...Less

Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to com ...More

Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to compete in the low-end of online retail, the geopolitical factors played an important in Shopee pulling the plug here. ...Less

While some blockchain and crypto funds are rethinking their strategies in case the government bans crypto ...More

While some blockchain and crypto funds are rethinking their strategies in case the government bans cryptocurrencies, others remain bullish, pinning their hopes on innovation-friendly rules. ...Less