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Rupeek Secures INR 200 Cr Funding Led by Elevation Capital

Recently Rupeek secures INR 200 Cr funding Led by Elevation capital, mark a significant impact in the company. Rupeek is a Bangalore-based fintech startup specializing in gold-backed loans. It’s currently in advanced negotiations to secure a substantial funding round amounting to approximately INR 200 Cr. This investment drive is set to be spearheaded by Elevation […]

PayU India FY24 Revenue: Growth Slows to 11% Due Restrictions

The PayU India FY24 Revenue slowdown with 11% as comparison to previous fiscal year. Let’s understand about the full news. PayU India has reported a revenue of $444 million for the fiscal year 2024, marking a growth rate of 11%. It’s notably lower than the 31% growth recorded in the previous fiscal year. This deceleration […]

Paytm Employees Seek Reinstatement Amid Unlawful Termination

In a recent development, Paytm employees seek Reinstatement by approaching the Labour Ministry, alleging unlawful termination. This move has garnered significant attention, shedding light on the employment practices at one of India’s leading fintech companies. The affected employees are seeking reinstatement, citing unfair and unethical treatment by the Paytm management. Unlawful Termination Allegations The aggrieved […]

PhonePe Launches Indus Appstore: Revolutionize App Distribution

Recently PhonePe Launches Indus Appstore which help it to expand its ecosystem in the industry. The company is now in discussions with smartphone manufacturers to pre-install the Indus Appstore on their devices. This move aims to boost the reach and accessibility of the app marketplace, positioning it as a formidable competitor in the app distribution […]

Zerodha Outage: User Frustration and Platform Reliability

Zerodha is a popular stock trading platform. Recently due to Zerodha outage it causing significant inconvenience for its users. This incident is the latest in a series of technical glitches that have plagued the platform between 2021 and 2023. Users took to social media to voice their frustration and share their experiences with the outage. […]

FIU Imposes INR 18.82 Cr Fine on Binance for PMLA Violations

In a significant move FIU has imposed a fine of INR 18.82 crore on Binance for PMLA Violations. Financial Intelligence Unit (FIU) take this action against Binance due to failures in complying multiple provisions of PMLA, 2002. FIU’s Notification According to a notification issued by the FIU, Binance has been found guilty of violating multiple […]

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