UPI
UPI's New Fee Pool: Who Gets Paid, Explained
The government doesn't collect UPI's new 0.4% fee, banks and payment apps do. Here's the actual money math, cross-checked against NPCI's own transaction data rather than taken on brokerage word.
news
UPI
UPI's Zero-Fee Era Ends: The New 0.4% Charge, Explained
From 15 October, UPI payments to merchants above ₹2,000 carry a 0.4% fee, capped at ₹300. Consumers are excluded, but traders, a Supreme Court petitioner, and even a group aligned with the ruling party disagree with the move, each for different reasons.
Haryana Clears Rummy and Poker Rooms, With Conditions
Haryana has notified rummy and poker as games of skill, clearing physical card rooms in Gurugram and across the state, on conditions that include registration, KYC, CCTV and a bar on taking any rake. The Supreme Court's May ruling on GST leaves a separate question open.
Indian Walker Raises Pre-Seed at ₹20 Crore Valuation
Indian Walker, started by a former Rapido captain who could not find a bag that survived Delhi's roads, has raised a pre-seed from Palette Wealth Management at a ₹20 crore post-money valuation. The round size has not been disclosed.
Definedge Raises ₹22 Crore to Scale Its Trading Tools
Definedge has raised ₹22 crore in a Pre-Series A, taking total funding to ₹30 crore. The Pune firm built trading tools and an education community before it took a broking licence, and says its Momentify platform has crossed ₹1,000 crore in assets under management.
betterhood Raises ₹11.5 Crore Led by Sauce for Pain Care
betterhood has raised ₹11.5 crore led by Sauce for preventive pain care. Musculoskeletal pain affects 53.5% of Indians over 45, but 62.3% of women against 48.9% of men, and the company's 7,000-strong physiotherapist community is the channel that matters.
PhonePe Clears First Step Toward a UAE Payments Arm
PhonePe has in-principle approval from the Central Bank of the UAE for two payment licences, its first regulatory clearance outside India. It cannot operate yet, and the market it is entering already runs partly on Indian payment technology.
Nuvah Raises ₹4 Crore to Engineer Heels That Don't Hurt
Nuvah has raised ₹4 crore in a pre-seed angel round backed by CarDekho's Amit Jain, Bombay Shaving Company's Shantanu Deshpande and GIVA's Ishendra Agarwal, for heels engineered around a footbed the company redesigned 24 times.
Demoverse Raises $600K to Let Shoppers Design Products
Demoverse has raised $600,000 led by Lumikai for a platform where shoppers redesign brand concepts using AI and earn royalties if their version gets made. The pitch is a demand signal before production, in an industry that made up to 5 billion unsold garments in 2023.
Uday Narang Set for 11.3% of Listed Prime Industries
Prime Industries' board has approved a preferential issue that would give Omega Seiki Mobility founder Uday Narang 11.32% of the listed company for about ₹10.5 crore. The total issue raises ₹11.47 crore, and it still needs shareholder approval.
QNu Labs Raises ₹200 Cr Led by National Quantum Mission
QNu Labs has raised ₹200 crore led by the National Quantum Mission and Speciale Invest, a single round larger than everything it raised in the previous decade. Filed accounts show ₹40.5 crore of revenue in FY2025, up 64%.
Marmalade Raises ₹6 Cr for Its Brightside Whiskey Brand
Marmalade has raised ₹6 crore from individual backers including Amrut Distilleries' COO for Brightside Craft Whiskey, a smoother whiskey aimed at younger drinkers. Its ₹5 crore ARR is a run rate, which works out at roughly ₹42 lakh of sales in September.
ARC Raises ₹10.5 Cr to Build an Indian Gaming Handheld
ARC has raised ₹10.5 crore in pre-seed funding led by Chimera VC and MIXI Global Investments to build ARC X1, a handheld games console with its own operating system. That is roughly $1.2 million to do hardware and software at once.
HerSpace in Advanced Talks for $40 Mn From Gray Matters
HerSpace, which builds and runs accommodation for factory workers, says it is in advanced talks for $40 million from Gray Matters Capital. That would take the investor's commitment to $50 million over 30 months, and the two share a founder.
YOGa Clean Air Raises ₹20 Cr Led by Info Edge Ventures
YOGa Clean Air has raised ₹20 crore led by Info Edge Ventures, with Deepinder Goyal joining. It is the first institutional money the company has taken, and it comes straight after its first profitable year on ₹12.6 crore of revenue.
Satvacart Shuts Down After 12 Years in Online Grocery
Satvacart has shut down after twelve years, with 28 August its last day. It raised about $2.32 million across its life, roughly a thousandth of what Zepto has raised since 2021, and its founder says capital only ever came in small tranches.
Industrial47 Closes ₹85 Crore to Back Space, Defence and Fusion Founders at Pre-Seed
Industrial47 has closed ₹85 crore of a ₹150 crore debut fund to write pre-seed cheques into space, defence and fusion. The companies Rahul Seth backed personally before this have since raised about $189 million between them.
InspeCity Raises ₹100 Cr Pre-Series A to Refuel and Repair Satellites in Orbit
Most satellites do not die because they break. They die because the propellant runs out. The electronics still work, the solar panels still generate, the payload still functions, and the operator pushes the whole thing into a graveyard orbit because there is no way to put fuel back in. InspeCity
Edgeverse Raises ₹3 Crore From GVFL to Bring Rider Assistance to India's Two-Wheelers
Edgeverse has raised ₹30 million, or ₹3 crore, from GVFL to put camera and radar based rider assistance on two-wheelers. Nearly half the people killed on Indian roads are on two-wheelers, and almost none of those vehicles carry the safety tech that has been standard in cars for years.
Biryani Bees Raises $1 Million From Vivek Oberoi Family Office
Three biryani shops in Uttar Pradesh are running at an annual rate of about ₹25 crore between them. That implies roughly ₹8.3 crore per outlet, or about ₹69 lakh a month each, and it is the number behind this raise. Biryani Bees has raised $1 million from the Vivek
Omega Seiki Mobility Raises Another ₹50 Crore, Weighs Public Listing
Omega Seiki Mobility has raised ₹50 crore twice in six weeks. The second cheque landed on 20 August 2026, co-led by Abhishek Misra of SKG Asset Management and Unistone Capital, with the Sanjeev Agarwal and Brijesh Parekh family offices alongside. The first, in mid-July, came from Securocorp Securities,
TILT Launches ₹250 Crore Impact Fund For India's Next Billion
S4S Technologies was founded in 2008. It reached its Series B in July 2024. Sixteen years, building a food-processing business around women farmers, before a growth round arrived. That timeline is the entire argument behind TILT, the impact-first investment platform from The/Nudge Foundation, which on 27 August
OORJAA Raises ₹9.7 Crore Series A Led By Equentis Angel Fund
Most third-party logistics contracts in India bill you for capacity. Trucks on the road, hubs on lease, people on shift, whether or not anything moved through them that day. OORJAA bills for units delivered instead, which means an empty truck is its problem rather than its client's.