India

7 Articles

Startups

The Collapse of VideoVerse’s $250 Million Acquisition Deal Amid Fraud and Signature Forgery Allegations

The acquisition deal involving Indian company VideoVerse has turned from a $250 million exit into multiple legal disputes, as investors and creditors await amounts owed to them and the company and its founder face allegations that have not been resolved in court.

2026-08-12

Startups

India’s Yulu Raises $93 Million to Expand Electric Scooter Fleet

Indian electric mobility company Yulu has raised $93 million in a Series C funding round, benefiting from the growth of quick-commerce and delivery services. The company plans to increase its fleet from about 50,000 vehicles to 200,000 within two years, while introducing faster scooters for new logistics use cases.

2026-08-12

Startups

Aramco Ventures Leads $9.5 Million Round for Mitti Labs to Reduce Water Consumption in Rice Farming

Indian startup Mitti Labs has raised $9.5 million in a Series A round led by Aramco Ventures to expand a platform that uses satellite imagery, artificial intelligence, and field operations to reduce water consumption and methane emissions on Asian rice farms. The company plans to begin operations in the Philippines this year, then expand to Indonesia and other Southeast Asian markets in 2027.

2026-08-05

Financial Technology

India Paves the Way to Reshape the Revenue Model for the UPI Instant Payments Network

New Indian legislation lays the legal groundwork for potentially imposing fees on some merchant payments through the UPI network, after these payments remained free since 2020. The legislation does not specify the fees or covered transactions, but estimates suggest it could generate up to $1 billion annually by fiscal year 2028.

2026-08-04

Financial Technology

India’s Payments Chief: AI Will Drive the Next Phase of UPI Growth

Dilip Asbe, chief executive of NPCI, which oversees the UPI system, believes artificial intelligence will be central to attracting new users, combating fraud, and expanding access to credit as India seeks to surpass one billion daily transactions. He also called for clear regulatory frameworks to adopt AI-backed finance and for the development of specialized small language models within the country’s financial sector.

2026-06-28

Financial Technology

Revolut Begins Pilot Rollout of Services to Thousands of Users in India

British fintech company Revolut has begun making its services available to a limited number of users on a waiting list of about 450,000 people in India, as part of a controlled pilot program ahead of a broader launch. The current phase includes UPI payments, digital wallets and cards, while the company has not set a final date for general availability.

2026-06-01

Cybersecurity

Android Expands User Protection Trial Against Call Fraud in Financial Apps

Google has expanded an Android protection trial that warns users when they open a financial app while sharing their screen and speaking with an unsaved number, and lets them end the call and stop sharing with one tap. The trial began in the United States with financial institutions and apps such as Cash App and JPMorganChase, alongside its expansion in the United Kingdom and other trials.

2025-12-03