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Union Budget of 2023-24 is being eagerly awaited by leaders in the startup, Fintech, and electric vehicle (EV) industries. The industries are hoping for policies and announcements that will unlock the true potential of these ecosystems.

The company is also looking to hire over 100 techies to grow the headcount to more than 600 from 475 now.

In his new role, Negi will take charge of the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023.

The platform allows consumers to pay at offline and online stores with a ‘one-click-checkout’ experience using their reward points.

In the latest round FlexiLoans, backed by KKR India senior advisor Sanjay Nayar and former KPMG top honcho Narayan Sheshadri raised $90 m in a mix of equity and debt in June.

The funding into Progcap, which serves more than 700,000 small retailers, was led by Creation Investments and Tiger Global.

As per government data, India's fintech adoption rate is at 87 percent as against the global average of 64 percent.

As part of the alliance, FidyPay will be enabling a seamless connected banking experience. FidyPay will also be the solution provider for UPI services.

Sheenam Ohrie joined Broadridge in September 2021 as the COO for India and brings close to three decades of experience across various aspects of product engineering.

Pine Labs said that it has raised $150 million from Alpha Wave Global, bringing its total fundraise in the last seven months to around $870 million