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Banking & Finance

Sharp analysis of Banking & Finance from India's startup ecosystem — funding rounds, founder stories, policy, and markets.

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4This Week
PM Modi Axis, HDFC, IndusInd
Banking & Finance · 20 May 2026 · 2 min

HDFC, Axis, IndusInd Adopt Remote Work as the Government Pushes Corporate India to Save Fuel

Prompted by a direct government mandate to reduce national fuel consumption, major financial institutions are fundamentally restructuring their operational models toward hybrid work and electric mobility.
ONO Founders
Funding · Banking & Finance · 19 May 2026 · 2 min

ONO Raises $1.2 Million in Pre-Series A Round Led by Aeravti Ventures to Scale Agri-Fintech Infrastructure

By combining a fresh capital round with an NBFC stake acquisition, founders Rama Rao Kancharapu and David Pokuri are moving ONO beyond pure data layer orchestration into high-margin direct lending for India's massive APMC network.
Trackk Founders
Funding · Banking & Finance · 19 May 2026 · 2 min

Trackk Raises $3.7 Million Seed Round Led by Lightspeed to Build Gen Z Investment Platform

Founded by Vedant Gupte, Siddharth Thakkar, and Aryan Jain, the platform uses AI-driven stock discovery to simplify capital markets for young retail investors, backed by a heavyweight roster of institutional and angel investors
PM Modi UAE President
Lite Updates · Banking & Finance · 15 May 2026 · 3 min

UAE Commits $5 Billion in Indian Markets as Emirates NBD and IHC Take Major Stakes in RBL Bank and Sammaan Capital.

Prime Minister Narendra Modi’s latest diplomatic trip to Abu Dhabi has secured massive capital inflows, signaling a strategic shift where Gulf nations are moving beyond infrastructure to take controlling bets on Indian private credit.
Citibank
Lite Updates · Banking & Finance · 2 May 2026 · 3 min

Citigroup Hires Former JPMorgan Banker Vis Raghavan for Rs 490+ Crore

A recent investigation reveals that prominent India-born investment banker Vis Raghavan secured a top position at Citigroup just 48 hours after being effectively dismissed by JPMorgan Chase, bypassing traditional executive search protocols to control his public exit.
Shopflo Founders
Lite Updates · Banking & Finance · 25 Apr 2026 · 2 min

Pine Labs Acquires D2C Checkout Platform Shopflo for ₹88 Crore to Build Full-Stack Commerce Offering

The acquisition bolsters Pine Labs’ omni-channel strategy by integrating Shopflo's high-conversion checkout optimization tools into its core payment infrastructure.
Paytm Payments Bank RBI
Lite Updates · Banking & Finance · 24 Apr 2026 · 2 min

RBI Cancels Paytm Payments Bank’s Licence, Moves High Court for Winding Up Over Detrimental Practices

After years of regulatory scrutiny and operational curbs, the central bank has officially withdrawn Paytm Payments Bank's licence, citing severe governance lapses and non-compliance.
PrimeInvestor founders
Banking & Finance · Funding · 22 Apr 2026 · 2 min

PrimeInvestor Raises ₹19.5 Crore in Round Led by Zerodha's Rainmatter to Scale Portfolio Management Services

The newly infused capital will power the wealth-tech platform's push into discretionary portfolio management, challenging the traditional high-fee structure of India's asset management space.
KreditBee Founders
Funding · Banking & Finance · 8 Apr 2026 · 2 min

KreditBee Raises $280 Million in Series E Led by Hornbill and Motilal Oswal to Scale Lending Book

The Bengaluru-based digital lender secures its unicorn status on the back of ₹2,700 crore in revenue, expanding into secured assets and prepping for a public market debut following its recent reverse-flip to India.
Bachatt Founders
Funding · Banking & Finance · 31 Mar 2026 · 2 min

Bachatt Raises $12 Million in Series A Led by Accel to Expand Micro-Savings Platform

The wealthtech startup plans to use the fresh capital to scale its user base to 30 million and introduce AI-driven advisory and credit solutions tailored for merchants with fluctuating cash flows.
Jefferies Atunu Chakraborty HDFC
Lite Updates · Banking & Finance · 27 Mar 2026 · 2 min

HDFC Bank Faces Institutional Sell-Off Following Chairman's Abrupt Exit Over Governance Concerns

A sudden exit by the chairman over unspecified internal practices, followed by a total portfolio liquidation by a major global brokerage, raises urgent questions about HDFC Bank's risk management and post-merger realities.
Zepto founders
Lite Updates · Banking & Finance · 25 Mar 2026 · 2 min

Zepto Launches In-House Pay Later Facility With ₹10,000 Credit Limit

By launching an embedded 15-day credit cycle and one-tap checkout, Zepto is shifting the industry battleground from logistical speed to financial stickiness and user retention.
Ananya Birla’s Svatantra Microfin Empire Scales Up: Hits ₹22,000 Crore AUM Following Chaitanya Merger
Banking & Finance · 24 Mar 2026 · 2 min

Ananya Birla’s Svatantra Microfin Empire Scales Up: Hits ₹22,000 Crore AUM Following Chaitanya Merger

Following final NCLT approvals, the integration of the former Navi Group asset creates a 25,000-employee powerhouse serving 5 million rural and underbanked customers.
Coindcx founders
Lite Updates · Banking & Finance · 23 Mar 2026 · 2 min

CoinDCX Founders Arrested in ₹71.6 Lakh Fraud Probe; Company Cites Massive Impersonation Scam

Sumit Gupta and Neeraj Khandelwal face police custody over an FIR alleging franchise fraud, highlighting a severe escalation in how impersonation scams are impacting India's digital finance leaders.
Neo Group founder Nitin Jain with team
Funding · Banking & Finance · 23 Mar 2026 · 2 min

Neo Group Raises Rs 500 Crore in Private Equity Round Led by TVS Capital to Expand Specialized Wealth Solutions

The Mumbai-based wealth and asset management firm joins the coveted unicorn club as demand for bespoke financial solutions among India's ultra-rich continues to surge.