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Startup News

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Inc42

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Features

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Startup Resources

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Brandlabs

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Electric Vehicles

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Bengaluru-based VC firm LVX (formerly LetsVenture) has unveiled Elvix, an AI-powered intelligence platform designed to simplify deal evaluation and decision-making for private market investors.

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LVX Bets On AI To Transform Private Market Dealmaking #DH_SHARE_URL# By Inc42 via Dailyhunt

LVX Bets On AI To Transform Private Market Dealmaking

https://inc42.com/buzz/lvx-bets-on-ai-to-transform-private-market-dealmaking

Wealthtech startup Scripbox has acquired the mutual fund distribution business of wealth management firm Bluechip Capital to expand its footprint in Delhi NCR. 

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Scripbox Acquires Bluechip Capital to Expand Footprint In Delhi NCR #DH_SHARE_URL# By Inc42 via Dailyhunt

Scripbox Acquires Bluechip Capital to Expand Footprint In Delhi NCR

https://inc42.com/buzz/scripbox-acquires-bluechip-capital-to-expand-footprint-in-delhi-ncr

Insurtech major PB Fintech's cofounders Yashish Dahiya and Alok Bansal together sold 38 Lakh shares of the company via multiple block deals for a cumulative sum of ₹665.4 Cr 

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PB Fintech Cofounders Dump Shares Worth ₹665 Cr #DH_SHARE_URL# By Inc42 via Dailyhunt

PB Fintech Cofounders Dump Shares Worth ₹665 Cr

https://inc42.com/buzz/pb-fintech-cofounders-dump-shares-worth-%e2%82%b9665-cr

Fintech startup Lendingkart's NBFC arm Lendingkart Finance continued to remain under financial pressure in the fiscal year FY26 after slipping into loss in the previous fiscal.

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Lendingkart Finance's Loss Widens 16% To ₹333 Cr In FY26, Revenue Falls 62% #DH_SHARE_URL# By Inc42 via Dailyhunt

Lendingkart Finance's Loss Widens 16% To ₹333 Cr In FY26, Revenue Falls 62%

https://inc42.com/buzz/lendingkart-finances-loss-widens-16-to-%e2%82%b9333-cr-in-fy26-revenue-falls-62

Sachin Bansal-led fintech unicorn Navi's NBFC arm, Navi Finserv Ltd, continued to see its consolidated profit sink in the fiscal year FY26. In the fiscal year, the company's profit after tax plunged 46% to ₹93.3 Cr from ₹172.2 Cr in FY25. 

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Navi Finserv's FY26 Profit Plunges 46% To ₹93 Cr #DH_SHARE_URL# By Inc42 via Dailyhunt

Navi Finserv's FY26 Profit Plunges 46% To ₹93 Cr

https://inc42.com/buzz/navi-finservs-fy26-profit-plunges-46-to-%e2%82%b993-cr

It was an action-packed month for the fintech sector. Lending tech startup Kissht made a bumper listing on the bourses, while InCred Holdings filed its updated DRHP for a ₹1,250 Cr IPO. 

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Fintech Startups To Watch: Startups That Caught Our Eye In May #DH_SHARE_URL# By Inc42 via Dailyhunt

Fintech Startups To Watch: Startups That Caught Our Eye In May

https://inc42.com/startups/fintech-startups-to-watch-startups-that-caught-our-eye-in-may

AvenuesAI (formerly Infibeam Avenues) reported a consolidated net profit of ₹89 Cr in the fourth quarter of FY26, a jump of 63% from ₹54.7 Cr in the year-ago period.

https://assets-news-bcdn.dailyhunt.in/cmd/resize/#DH_EMB_IMG_REP#__DHQ_/fetchdata20/images/84/65/66/846566f9111860d55e763081da6ed3d447748df23d2a3ec5ad5e549cca85fc42.webp

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AvenuesAI Q4: Profit Jumps 63% YoY To ₹89 Cr, Revenue Zooms 115% #DH_SHARE_URL# By Inc42 via Dailyhunt

AvenuesAI Q4: Profit Jumps 63% YoY To ₹89 Cr, Revenue Zooms 115%

https://inc42.com/buzz/avenuesai-q4-profit-jumps-63-yoy-to-%e2%82%b989-cr-revenue-zooms-115

Artificial Intelligence has changed the way companies manage their workforce. Apart from shaving off the headcount, companies are also reassessing how they hire.

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We Only Hire For Jobs AI Can't Do: S45 Cofounder Aman Singh #DH_SHARE_URL# By Inc42 via Dailyhunt

We Only Hire For Jobs AI Can't Do: S45 Cofounder Aman Singh

https://inc42.com/buzz/we-only-hire-for-jobs-ai-cant-do-s45-cofounder-aman-singh

As AI makes building and delivering functionality easier, PhonePe cofounder and CTO Rahul Chari believes that the distribution and the power to distribute data at scale more intelligently become a strong moat.

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Data, Distribution Will Be The Moats In The Age Of AI: PhonePe's Rahul Chari #DH_SHARE_URL# By Inc42 via Dailyhunt

Data, Distribution Will Be The Moats In The Age Of AI: PhonePe's Rahul Chari

https://inc42.com/buzz/data-distribution-will-be-the-moats-in-the-age-of-ai

US-based venture capital firm Altimeter Capital has offloaded 1.56 Cr shares in fintech major Pine Labs in a block deal worth ₹211.08 Cr.

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Altimeter Capital Partially Exits Pine Labs Via ₹211 Cr Block Deal #DH_SHARE_URL# By Inc42 via Dailyhunt

Altimeter Capital Partially Exits Pine Labs Via ₹211 Cr Block Deal

https://inc42.com/buzz/altimeter-capital-partially-exits-pine-labs-via-%e2%82%b9211-cr-block-deal

Recently listed lending tech company Kissht's net profit for the March quarter (Q4 FY26) surged 52% to ₹82.2 Cr from ₹54.2 Cr in the year ago quarter.

https://assets-news-bcdn.dailyhunt.in/cmd/resize/#DH_EMB_IMG_REP#__DHQ_/fetchdata20/images/d4/8d/16/d48d16edf1860609ce93293c41db806f24578426b23aefbf8a93f125301e21a6.webp

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Kissht Q4: Profit Zooms 52% YoY To ₹82 Cr, Revenue Up 68% #DH_SHARE_URL# By Inc42 via Dailyhunt

Kissht Q4: Profit Zooms 52% YoY To ₹82 Cr, Revenue Up 68%

https://inc42.com/buzz/kissht-q4-profit-zooms-52-yoy-to-%e2%82%b982-cr-revenue-up-68

Listed fintech major MobiKwik has received the Reserve Bank of India's (RBI) an in-principle approval to operate as a payment aggregator-physical (PA-P) licence.

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MobiKwik Gets RBI's In-Principle Nod For Offline Payment Aggregator Licence #DH_SHARE_URL# By Inc42 via Dailyhunt

MobiKwik Gets RBI's In-Principle Nod For Offline Payment Aggregator Licence

https://inc42.com/buzz/mobikwik-gets-rbis-in-principle-nod-for-offline-payment-aggregator-licence

Fintech major Pine Labs plans to soon launch infrastructure for stablecoin-backed prepaid cards in global markets. During the company's Q4 earnings call today, CEO Ambrish Rau said that while India has a robust payments ecosystem owing to UPI, stablecoins hold relevance in the global markets due to their ability to handle quick transactions and remittances.

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Pine Labs To Launch Infra For Stablecoin-Backed Prepaid Cards In Global Markets #DH_SHARE_URL# By Inc42 via Dailyhunt

Pine Labs To Launch Infra For Stablecoin-Backed Prepaid Cards In Global Markets

https://inc42.com/buzz/pine-labs-to-launch-infra-for-stablecoin-backed-prepaid-cards-in-global-markets

Pine Labs' Profit RunPine Labs scored its maiden full-year of profitability in FY26, anchored by a lucrative Q4 bottom line. Driven by growing revenues, domestic contracts, fresh launches and an aggressive global push, the fintech giant thrived despite West Asia headwinds.

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Pine Labs' Q4 Show, Paytm's Europe Play & More #DH_SHARE_URL# By Inc42 via Dailyhunt

Pine Labs' Q4 Show, Paytm's Europe Play & More

https://inc42.com/buzz/pine-labs-q4-show-paytms-europe-play-more

Days after FIRs were filed against fintech firms MobiKwik and Lendbox for allegedly blocking customer withdrawals on P2P lending platform MobiKwik Xtra, the listed fintech startup has now issued a clarification on the matter.

https://assets-news-bcdn.dailyhunt.in/cmd/resize/#DH_EMB_IMG_REP#__DHQ_/fetchdata20/images/91/90/4f/91904f5fa2f512514adaf5c34293a7ddf04121ff2f275e222063778b7c7113c7.webp

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After Facing FIRs For Allegedly Blocking User Funds, MobiKwik Claims 90% Repayment #DH_SHARE_URL# By Inc42 via Dailyhunt

After Facing FIRs For Allegedly Blocking User Funds, MobiKwik Claims 90% Repayment

https://inc42.com/buzz/after-facing-firs-for-allegedly-blocking-user-funds-mobikwik-claims-90-repayment

Paytm announced on Friday that it would invest &euro;9 Mn (around ₹99.8 Cr) in its European subsidiary, according to its filings with the stock exchanges.

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Paytm To Invest €9 Mn To Expand Europe Operations #DH_SHARE_URL# By Inc42 via Dailyhunt

Paytm To Invest €9 Mn To Expand Europe Operations

https://inc42.com/buzz/paytm-to-invest-e9-mn-to-expand-europe-operations

Fintech Coverage

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Ecommerce

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Edtech

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Startup Stories

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Consumer Internet

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Startup Ecosystem

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India has issued the Letter of Request (LoR) to France for the mega government-to-government deal worth around Rs 3.25 lakh crore to buy 114 Rafale fighter jets for the Indian Air Force.

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'Made-in-India' Rafale To Take Flight: 114 Jets On Cards As Govt Moves Ahead With Rs 3.25 Lakh Crore Deal #DH_SHARE_URL# By timesnow.in via Dailyhunt

'Made-in-India' Rafale To Take Flight: 114 Jets On Cards As Govt Moves Ahead With Rs 3.25 Lakh Crore Deal

https://www.timesnownews.com/india/made-in-india-rafale-to-take-flight-114-jets-on-cards-as-govt-moves-ahead-with-rs-325-lakh-crore-deal-article-154442186

New Delhi [India], June 1 : Myanmar on Monday assured India it will do &quot;everything&quot; to push two key connectivity projects, stalled due to active hostilities in the Southeast Asian nation, to completion during the talks between Prime Minister Narendra Modi and President of Myanmar U Min Aung Hlaing as part of the latter's four-day visit to the country.

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Myanmar assures India to push connectivity projects, stalled due to active hostilities, to completion: MEA #DH_SHARE_URL# By Lokmat Times via Dailyhunt

Myanmar assures India to push connectivity projects, stalled due to active hostilities, to completion: MEA

https://www.lokmattimes.com/international/myanmar-assures-india-to-push-connectivity-projects-stalled-due-to-active-hostilities-to-completion-mea

Beijing [China], June 1 : Chinese authorities have intensified surveillance and imposed restrictions on dissidents and activists across the country ahead of the 37th anniversary of the 1989 Tiananmen Square crackdown, according to The Epoch Times.

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China tightens surveillance, imposes travel restrictions ahead of Tiananmen anniversary #DH_SHARE_URL# By Lokmat Times via Dailyhunt

China tightens surveillance, imposes travel restrictions ahead of Tiananmen anniversary

https://www.lokmattimes.com/international/china-tightens-surveillance-imposes-travel-restrictions-ahead-of-tiananmen-anniversary

Leo Perino, the father of Fox News host and former White House Press Secretary, Dana Perino, has passed away. His death was reported on Fox News, where Dana Perino, who co-hosts The Five and America's Newsroom, reported the news.

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Who was Leo Perino? Fox host and ex-WH Press Secretary Dana Perino's father passes away #DH_SHARE_URL# By Hindustan Times via Dailyhunt

Who was Leo Perino? Fox host and ex-WH Press Secretary Dana Perino's father passes away

https://www.hindustantimes.com/world-news/us-news/who-was-leo-perino-fox-host-and-ex-wh-press-secretary-dana-perinos-father-passes-away-101780331230193.html?utm_source=newshunt-ht

Day after encounter of Asad, the accused in the murder of Surya Chauhan on Bakrid, the officials of the Ghaziabad administration put an eviction notice on his home with a 15-day ultimatum, warning of a bulldozer action.

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Surya Murder Case: Ghaziabad Authorities Move To Demolish Asad's House; His Father Sold It Six Months Back #DH_SHARE_URL# By The Daily Jagran via Dailyhunt

Surya Murder Case: Ghaziabad Authorities Move To Demolish Asad's House; His Father Sold It Six Months Back

https://www.thedailyjagran.com/india/surya-murder-case-ghaziabad-authorities-move-to-demolish-asads-house-his-father-sold-it-six-months-back-10314657?utm_source=dailyhunt&utm_medium=referral&utm_campaign=jagranenglish

Royal Challengers Bengaluru batter Tim David was handed a one-match suspension on Monday, which he will serve in IPL 2027. The Australian was also fined 50 per cent of his match fee for breaching the IPL's Code of Conduct during the final against Gujarat Titans in Ahmedabad.

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IPL 2026 | RCB's Tim David suspended for first match of next season for throwing ice pack at umpire #DH_SHARE_URL# By Deccan Herald via Dailyhunt

IPL 2026 | RCB's Tim David suspended for first match of next season for throwing ice pack at umpire

https://www.deccanherald.com/sports/cricket/ipl-2026-rcbs-tim-david-suspended-for-first-match-of-next-season-for-throwing-ice-pack-at-umpire-4023864

More than 21 police officers responsible for protecting the royal family at the Windsor Castle have been placed on ​restricted duties after they were accused of falling ‌asleep and leaving their posts unattended, said London police.

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Action initiated against UK police officers accused of sleeping while on duty protecting royal family #DH_SHARE_URL# By WION via Dailyhunt

Action initiated against UK police officers accused of sleeping while on duty protecting royal family

https://www.wionews.com/world/action-initiated-against-uk-police-officers-accused-of-sleeping-while-on-duty-protecting-royal-family-1780330616602

Defence cooperation will be a key part of Prime Minister Narendra Modi's upcoming visit to Australia, including a refresh of a framework that guides security collaboration and a new roadmap for joint work on maritime security, Australian deputy prime minister Richard Marles said on Monday.

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Australia-India target maritime security road map during PM Modi's visit: Marles #DH_SHARE_URL# By Hindustan Times via Dailyhunt

Australia-India target maritime security road map during PM Modi's visit: Marles

https://www.hindustantimes.com/india-news/australiaindia-target-maritime-security-road-map-during-pm-modi-s-visit-marles-101780331126658.html?utm_source=newshunt-ht

New Delhi: Iran has reportedly suspended the ongoing indirect negotiations with the United States. According to Iran's Tasnim News Agency, Tehran halted the exchange of messages with Washington through mediators on Monday.

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Iran suspends talks with US, hints at closure of Hormuz again; risk of ceasefire collapse #DH_SHARE_URL# By India.com via Dailyhunt

Iran suspends talks with US, hints at closure of Hormuz again; risk of ceasefire collapse

https://www.india.com/news/world/iran-suspends-talks-with-us-hints-at-closure-of-hormuz-again-risk-of-ceasefire-collapse-tehran-washington-israel-lebanon-abbas-araghchi-west-asia-donald-trump-8433002

While the Central Board of Secondary Education (CBSE) is planning to penalise its on-screen marking (OSM) service provider, Coempt Edu Teck, after issues in the evaluation of Class 12 answer sheets, the board may not be able to blacklist the company because the contract no longer grants it that power.

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CBSE's own 'corrigendum' means it can't blacklist company linked to OSM mess. Here's how that unfolded in tender process #DH_SHARE_URL# By Hindustan Times via Dailyhunt

CBSE's own 'corrigendum' means it can't blacklist company linked to OSM mess. Here's how that unfolded in tender process

https://www.hindustantimes.com/india-news/how-a-corrigendum-may-save-company-linked-to-cbse-osm-mess-from-blacklisting-101780327747103.html?utm_source=newshunt-ht

New Delhi [India], June 1 : India and Myanmar on Monday agreed to maintain close engagement on matters related to critical minerals and rare earths, with both countries aiming to take bilateral cooperation forward in these strategic sectors.

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India, Myanmar to stay in touch on issue of critical minerals, rare earths; take cooperation forward: MEA #DH_SHARE_URL# By Lokmat Times via Dailyhunt

India, Myanmar to stay in touch on issue of critical minerals, rare earths; take cooperation forward: MEA

https://www.lokmattimes.com/international/india-myanmar-to-stay-in-touch-on-issue-of-critical-minerals-rare-earths-take-cooperation-forward-mea

New York City Mayor Zohran Mamdani, who is a supporter of Palestinian rights, skipped the annual parade honouring Israel on Sunday (May 31).

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'Made views on Israeli govt abundantly clear': Zohran Mamdani becomes 1st NYC Mayor to skip Israel Day parade #DH_SHARE_URL# By WION via Dailyhunt

'Made views on Israeli govt abundantly clear': Zohran Mamdani becomes 1st NYC Mayor to skip Israel Day parade

https://www.wionews.com/world/made-views-on-israeli-govt-abundantly-clear-zohran-mamdani-becomes-1st-nyc-mayor-to-skip-israel-day-parade-1780330221091

Iran has halted its exchange of messages with the United States of America and threatened to completely block the Strait of Hormuz as well as the Bab-El-Mandeb on Monday in response to Israel's Lebanon offensive.

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Iran halts message exchange with US; threatens to completely block Hormuz over Israels Lebanon offensive, reports Iranian media #DH_SHARE_URL# By Zee News via Dailyhunt

Iran halts message exchange with US; threatens to completely block Hormuz over Israels Lebanon offensive, reports Iranian media

https://zeenews.india.com/world/iran-halts-message-exchange-with-us-threatens-to-completely-block-hormuz-over-israel-s-lebanon-offensive-reports-iranian-media-3052130.html

The Royal Challengers Bengaluru might have won the Indian Premier League 2026 season but their Australian recruit Tim David has been handed with an one-match ban and he will subsequently miss RCB's IPL 2027 opener.

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https://www.india.com/sports/rcb-vs-gt-ipl-206-tim-david-fined-by-bcci-for-this-reason-despite-bengalurus-title-win-heres-why-8432999