FutureTech

Razorpay, a fintech unicorn, announced the acquisition of digital payments firm IZealiant Technologies for an undisclosed sum on Tuesday. Razorpay will absorb the whole crew of IZealiant Technologies as part of the deal. Razorpay has made five acquisitions since its beginning in 2014. Last month, the company made its worldwide debut by acquiring Malaysian financial provider Curlec. IZealiant is a Pune-based startup that offers banks and financial institutions mobile-first, API-enabled, cloud-ready payment processing tools. According to a release, the acquisition of IZealiant will boost Razorpay’s banking solutions arm, allowing it…

UpScalio, an e-commerce roll-up firm, has secured $15 million in a pre-Series B investment headed by Gulf Islamic Investments in the United Arab Emirates (GII). Northern Arc and Unity Bank were among the lenders who took part in the round. After financing companies like 1-India Family Mart and Bombay Shaving Company, this is GII’s sixth investment in India. In 2021, GII announced that it would invest $500 million in the Indian market spanning consumer brands, consumer technology, and healthcare. This round of funding follows UpScalio’s $42.5 million Series A round…

Licious, an online retailer of meat and seafood, revealed on Tuesday that it had raised $150 million. Amansa Capital, based in Singapore, led the Series F2 round, which also included Kotak PE and Axis Growth Avenues AIF – I. Nithin and Nikhil Kamath of Zerodha, Aman Gupta of BoAt, and Haresh Chawla of True North were among those who took part in the round. For the deal, Avendus served as Licious’s only financial advisor. Despite the fact that the company has not disclosed its worth, it claims to be India’s…

Ikonz, an Indian metaverse startup, has received undisclosed seed funding from Village Global, an early-stage venture capital firm, and Woodstock, a technology investment firm. The money raised would be used to hire top tech talent and ramp up artistic talent from around the world, as well as drop non-fungible tokens (NFTs) from its IP partners. Village Global is backed by Bill Gates of Microsoft, Jeff Bezos of Amazon, Mark Zuckerberg of Meta, Eric Schmidt of Google, Reid Hoffman of LinkedIn, Bob Iger of Disney, Mike Bloomberg of Bloomberg, and Diane…

Hardeep Singh Puri, the Union Minister for Water Resources, has launched a startup challenge with the goal of empowering 100 water-related startups. The initiative is called the ‘India WaterPitch-Pilot-Scale Startup Challenge,’ and it was created by the Ministry Of Housing And Urban Affairs. The selected startups will receive a grant of INR 20 lakhs as part of the programme. In addition, the Ministry will provide the selected startups with funding and mentorship. ‘The initiative aims to empower startups in the water sector to grow through innovation and design, which will…

Karza Technologies, a banking and financial intelligence solution provider, will be purchased for around Rs 600 crore by Perfios Software Solutions, a Bengaluru-based fintech software firm backed by Warburg Pincus and Bessemer. Perfios raised around Rs 520 crore from Warburg Pincus and Bessemer Venture Partners, as well as some existing investors, earlier this month. The funds will be used to partially fund the acquisition of Karza Tech. Through its superior data engineering and deep tech applications, Karza provides solutions that enable onboarding automation, systemic fraud prevention, and business intelligence. According…