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VARANIUM NEXGEN FUND
ETtech Deals Digest: Boosted by investment in Sarvam AI, Indian startups raise $108 million this weekInvestment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequent...
Byju’s CEO says will tide over crisis in 45-60 days; BNPL startup ZestMoney to shut downAmid the ongoing cash crunch at Byju’s, founder and CEO Byju Raveendran told senior executives that he is aiming to address the crisis over...
Rural-focused fintech Navadhan raises $5 million led by Prime Venture PartnersNavadhan, which is a RBI registered non-banking finance company, also runs a technology platform - AceN - which offers a full stack, from s...
Big banks eye QR codes amid fintechs’ credit push; Google’s Prabhakar Raghavan on AI regulation & future of searchWith fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get mercha...
Musk-Modi US bonhomie and Tesla’s India plans; Mumbai drone startup Ideaforge's IPO journeyTesla will vroom into India “as soon as humanly possible”, says its boss Elon Musk. The Twitter CEO was addressing reporters after his meet...
Rural-focused fintech startup Navadhan raises $1.5 million in fundingNavadhan has raised $1.5 million in a seed funding round led by Varanium NexGen, a fintech-focused fund. Existing investor Anicut Capital c...
ETtech Deals Digest: Investors continue to exercise cautionFor the second week, no big funding took place as VCs continued to exercise caution in an uncertain economic environment.
Setu gets in-principle RBI nod for account aggregator licencePine Labs acquired Setu in a cash-and-stock deal worth $70-75 million last month.
- Twitter withholds Goddess Kaali tweet on govt request; UPI to make remittances faster, cheaper
A day after it sued the Indian government over some of its takedown orders, Twitter India has withheld a tweet by Canadian filmmaker Leena ...
Cars24 takes the slow lane; Bookmyshow backs D2C marketplaceCars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employees
NBFC account aggregator Finvu AA raises $2.5 million from Varanium Nexgen Fund, othersFinvu AA is the first Indian NBFC account aggregator to receive an operating license from the RBI.
ETtech Deals Digest: no big-ticket funding this weekConsumer electronics startup Arzooo raised $70 million, the largest amount this week.
Govt finalising online gaming rules; LazyPay updates terms after RBI orderOfficials told us it would be “a light-touch framework that co-exists with the regulations” states have passed
RBI guv calls crypto a ‘clear danger’; Lenskart acquires Japan’s Owndays in $400M dealRBI governor Shaktikanta Das said cryptocurrencies present a “clear danger” to financial systems and stability.
Revenue-based finance firm GetVantage raises $36 million from Varanium Nexgen, othersGetVantage will use the capital to drive growth of its performance-based financing solution and embedded finance products.
Note to lenders: Anyone who can code well can be a bankerFinance is getting impatient in the digital age. Indians now pay and receive Rs 7.7 lakh core a month via apps running over a shared public...
Homeville, a financial technology company in housing finance, raises $7 millionHomeville is building a housing credit enablement network through its technology-driven platforms. The platforms serve the consumer housing...
Varanium NexGen Fund leads investment round in fintech company HomeCapitalThe company’s enables home buyers accelerate their home ownership through its down payment assistance program.