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PEAK XV FRAUD
ETtech Deals Digest: Startups raise $1.2 billion in February so far; up 2x on-yearThe number of deals during the month, however, was down at 128, compared to 170 in the corresponding month last year. In January 2026, star...
Mobikwik’s COO for consumer payments Mohit Narain steps down citing health reasonsNarain, who was chief operating officer for consumer payments, has been relieved of his duty from the close of business today. Narain had j...
Fintech startup Ignosis raises $4 million from PeakXV’s Surge, othersIgnosis, an Account Aggregator and financial data intelligence startup, has successfully raised $4 million in a funding round led by Peak X...
Mobikwik reports Rs 40 crore fraud in Haryana; probe underwayThe incident occurred between September 11 and 12, when merchants and users allegedly colluded to claim unauthorised settlements. An FIR ha...
Jupiter Money secures direct insurance broker licence, expands into insurance distributionJupiter can now distribute both life and general insurance policies through its app. The fintech platform will begin with curated offerings...
RaptorX raise funds in a pre-seed round from Peak XV Spark, EagleWings Ventures, Point One Capital among othersThe funds will be used to strengthen RaptorX’s AI and machine learning capabilities. The firm will also bring in talents to expand its team...
Investors leaving board was biggest setback; Byju's now worth zero: founder RaveendranThe founder of the once-most-valued Indian startup said investors threw Byju’s under the bus at the first sign of crisis. While sounding op...
Byju's insolvency case: NCLT rejects US lenders' plea to stop CoC proceedingsThe Bengaluru bench of NCLT said it cannot stop the Committee of Creditors (CoC) meetings, as the apex court has allowed its constitution. ...
Proceedings initiated against Byju's under companies law 'still ongoing': MCALast year, the ministry ordered the inspection of the books of Byju's in the wake of various developments at the edtech company, including ...
Probe finds Byju’s failed investors but didn’t commit fraudByju's governance lapses led to financial troubles, legal battles, and Raveendran's efforts to innovate and manage debts for the ed-tech co...
Combating OTP frauds; Ather’s new funding roundHappy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More ...
Fintech funding in Q4 down over 50% YoY, but up 59% from Q3According to the Fintech India report released by data intelligence platform Tracxn, funding during the January-March quarter dried up year...
Nirmala Sitharaman asks RBI to hold monthly meetings with startup, fintech firmsFinance Minister Nirmala Sitharaman chaired a meeting with top executives of around 50 fintech firms to discuss regulatory issues and compl...
Peak XV launches Spark 03 cohort with 14 startups, including 16 female foundersArtificial Intelligence (AI) and healthtech dominate this cohort with four companies in AI and four in healthtech, while others in the grou...
Delhi HC orders apps to suspend accounts impersonating Peak XV, Sequoia CapitalThe accused impersonated Peak XV and Sequoia Capital to create bogus investment platforms that duped many unsuspecting investors. The scam ...
Government orders inspection of Byju's account booksIndia's Ministry of Corporate Affairs has ordered an inspection into the account books of embattled edtech startup Byju's, Bloomberg report...
Became too complex to run a global investment biz: Peak XV’s Shailendra Singh on Sequoia splitIn an emailed interview with ETtech, Shailendra Singh, managing director, Peak XV, sheds light on the way forward for the newly independent...