108 Capital’s Post

Thank you for your overwhelming response to the HDFC Bank Pravega Ventures Co-Lab Program! The application window for the second cohort is now closed, and we're excited to explore the innovative ideas you've shared. Our team is carefully reviewing each submission. But don't let the conversation stop! We want to hear from you: 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐚𝐭 𝐨𝐧𝐞 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐰𝐢𝐥𝐥 𝐫𝐞𝐬𝐡𝐚𝐩𝐞 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 5 𝐲𝐞𝐚𝐫𝐬? Whether you're a startup founder, an aspiring entrepreneur, or simply passionate about fintech, we'd love to hear your thoughts. 🔁 Share your perspective in the comments below 🏷️ Tag founders and innovators in your network Nikhil Swaroop, Rana Sinha Ray, Prasad Hebbar, Vinay Menon, Rohit Jain, Mukul Singhal, Sridhar Sirugudi, Srinidhi Chari #Innovation #Fintech #Startup #HDFCBank

Fibe.India (Formerly EarlySalary) Secures $90 Million in Series E Funding Round In a significant boost to its growth trajectory, lending tech startup Fibe.India, formerly known as EarlySalary, has successfully secured $90 million (approximately INR 750 crore) in its Series E funding round. This latest round was led by TR Capital, Trifecta Capital, and Amara Partner, marking a pivotal moment in the company’s evolution. Read More :- https://lnkd.in/gCgTubmu #FibeIndia #EarlySalary #SeriesEFunding #FundingRound #TechStartup #LendingTech #Fintech #BusinessGrowth #StartupSuccess #ImpactLoans #HealthcareLoans #EdtechLoans #InsuranceFinancing #SchoolFeeFinancing #Investment #CapitalRaise #TRCapital #TrifectaCapital #AmaraPartner #FinancialInnovation #IndiaStartups #YoungProfessionals #BusinessExpansion #FutureOfFinance #BNPL #PersonalLoans #InstantLoans #TechInnovation #Entrepreneurship #FintechNews

The Indian Startup Economy is on a rapid growth trajectory, poised to create over 280 unicorns by 2030, marking a 2.4x increase from 2023. Presently, 112 fast-growing startups are potential future unicorns, having amassed over $15 billion in funding and boasting a collective valuation exceeding $40 billion. This reflects the vibrant and promising landscape of India's entrepreneurial ventures. Gain insights into the latest developments in fintech and debt collections with #FinVeda, a knowledge-sharing initiative from Credgenics that helps you stay up to date with the latest news, trends, and innovations that are driving the industry forward. #Startups #Unicorns #Soonicorns #digitalloancollection #debtrecovery #lending #loancollections #digitallending #financialservices #fintech #finance #nbfc #banks #bfsi #technology #tech #digitaltransformation #innovation #credgenics

Digital banking platform Freo , operated by Mwyn Tech, has secured an undisclosed debt funding from Small Industries Development Bank of India (SIDBI). Freo, founded in 2015 by Bala Parthasarathy, Anuj Kacker Co-Founder, Kunal Varma Co-Founder & CEO, addresses the financial needs of Indians under the guiding principle of ‘pay, save, borrow.’ This news article is Powered by Adopt Startup™ , your trusted partner for supporting and promoting startup ventures. #asianstartups #entrepreneurship #innovation #technews #funding #successstories #emergingmarkets #asianstartupnews #indianstartupnews #asn #azn #adoptstartup

🌟 Exciting Developments from Last Week's Event 🌟 Last week, I had the privilege of meeting Anshav Jain, the dynamic Chairman & MD of #DesignYourUnicorn NFT $1B ANGEL FUND, at the CXO 2.0 Conference. His innovative approach to funding the next generation of Indian unicorns is not just inspiring but transformative for the startup ecosystem. Anshav's vision of empowering retail and angel investors with low ticket size investments, principal protection, and easy liquidity options is truly a game-changer in the world of venture capital and startup funding. The highlight of our discussion? We are in the preliminary stages of exploring a project that aligns with Anshav’s vision of #BillionDollarDream. While details are still under wraps, I can share that this project promises to be a unique blend of innovation, investment, and entrepreneurship. Stay tuned for more updates as we work towards materializing this exciting venture. The journey towards fostering the next 100 unicorns of India has just gotten more exhilarating! Brocode Solutions #VentureCapital #StartupFunding #Innovation #Entrepreneurship #UnicornsOfIndia

ICICI Bank recently hosted its Startup Founders' Day, a premier event recognizing the trailblazing spirit of startup founders. This annual gathering empowers startups supported by the Bank to converge, exchange insights, and learn from each other's experiences. Additionally, it provides ICICI Bank leaders with a unique opportunity to connect, guide, and nurture these innovative entrepreneurs. ICICI Bank #ICICIBANK #StartupFoundersday #startup

🚑 Medical Loans Alert! 🤯 With medical expenses soaring sky-high, lending to medical emergencies could be the next unicorn! This trend serves as a stark reminder that our healthcare system might be mirroring the challenges faced by the US healthcare system. Medical inflation rates, currently standing at 14%, are outpacing even the impressive 5-year rolling Nifty Returns. This paints a grim picture, where even savvy investors might struggle to keep up with escalating medical expenses. Ensuring both your health and financial security becomes paramount in such times. A robust health insurance plan acts as a shield against potential medical debt crises. Remember, prevention is always better than a cure. At Fabits, we're dedicated to helping you navigate through these complexities. We offer personalized guidance to choose the ideal health insurance plan tailored to your family's specific needs. Additionally, we provide complimentary audits of your existing health insurance coverage to ensure it aligns with your current requirements. Don't let medical expenses catch you off guard. Let us empower you to safeguard your health and wealth effectively. #MedicalLoans #HealthInsurance #FinancialWellness #Empowerment 🩺💰

📈 Marui Group Invests in Niro's Pre-Series B Funding Round. Bengaluru-based fintech startup Niro is gearing up for its pre-Series B funding round, aiming to raise $4.3 million with participation from existing investors and new entrant, Japanese retailer Marui Group. 💰 Funding Details: - Niro is set to raise $4.3 million in its pre-Series B funding round. - Marui Group, along with existing investors Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC, ZNL Growth Fund, and Suneight, are participating in the funding round. - The funding is being raised at an estimated valuation of about INR 456.6 crore (approximately $55 million). 📊 Previous Funding and Growth: - Earlier, Niro secured $11 million in a funding round led by Elevar Capital, with participation from GMO Ventures, Rebright Partners, Mitsui Sumitomo Insurance VC, among others. - Founded in 2021 by Aditya Kumar and Sankalp Mathur, Niro provides embedded lending solutions for consumer internet platforms. - The startup boasts partnerships with major financial institutions like Aditya Birla Capital, IDFC First Bank, and Muthoot Finance, offering loans ranging from INR 50,000 to INR 7 lakh. - Niro has reported an operating revenue of INR 9.5 crore in FY23, with a net loss of INR 23.8 crore during the same period. - With this latest funding, Niro's total funding raised across multiple rounds reaches $18.5 million. 🚀 Future Plans and Competition: - Niro aims to utilize the funds to further strengthen its position in the market and expand its lending operations. - Competing against players like KrediBee, MoneyTap, and BankBazaar, Niro remains focused on providing innovative lending solutions to its customers. - The startup's success in securing funding reflects investor confidence in its business model and growth potential. As Niro continues to scale its operations and drive financial inclusion, the investment from Marui Group underscores the global interest in India's fintech sector. Niro #Niro #Funding #Fintech #Investment #MaruiGroup #StartUpNews #BusinessNews #MicroShots #NewsUpdates

ICICI Bank recently hosted its Startup Founders' Day, an event acknowledging and celebrating the innovative and entrepreneurial spirit of startup founders. This annual gathering provides a platform for startups that the Bank has nurtured to connect, network, learn from each other's journeys and gain insights. It also provides a unique opportunity for the leaders at ICICI Bank to engage and mentor these startup founders. The event kicked off with an inspiring address by Mr. Sandeep Bakhshi, MD and CEO of ICICI Bank, who lauded the founders' entrepreneurial skills and resilience. He emphasised the importance of humility, integrity and strong governance as pillars for sustained long-term success. The engaging Fireside Chats that followed delved into the transformative power of leadership and the complexities of scaling a startup. Founders also had the chance to present their groundbreaking ideas to an audience of ICICI Bank Business Heads, international and domestic Venture Capitalists, Private Equity Fund Managers and industry colleagues. The evening wrapped up with a thought-provoking panel discussion, where industry leaders shared their perspectives on startup trends, investment strategies and the delicate balance between innovation and tradition. ICICI Bank remains committed to supporting and empowering the next generation of entrepreneurs as they shape the future. Together, we continue to fuel the entrepreneurial spirit, fostering innovation that shapes a brighter tomorrow. Startup India #ICICIBank #StartupFoundersDay #Innovation #Entrepreneurship #Leadership #FutureOfStartups #IndustryInsights #Startup #Innovation #Fintech #MakeInIndia #StartupIndia #IndianGrowthStory #10YearsOfMakeInIndia

Shark Tank India-featured fintech startup Plus Gold has raised $1.2 million in a funding round led by JITO, with participation from Venture Catalysts. Other notable participants included Bollywood celebrity Sonakshi Sinha, tech entrepreneur Sachin Shetty, Signal Ventures, Shark Tank India fame Varun Dua, Shrish Mishra, Misfits, and several other prominent figures in the Indian startup ecosystem. Read the full story here: 👇 https://lnkd.in/dADaT-nd #funding #fintech #gold #jewellery #savings #Investment #investors #startup #Indianstartupnews