GetVantage, founded in late 2019, has funded 1,500 companies with a combined GMV of $900 million across categories ranging from B2B SaaS, subscription businesses, D2C, eCommerce, edtech, healthtech, cloud kitchens, and nutrition, among others.
Stripe has shifted to an invite only mode in India for merchants, citing strict KYC requirements. The move may indicate a shift towards cross-border payments, with support for more Indian merchants expected by the second half of 2025.
Oxyzo Financial Services, the lending arm of OfBusiness, reported a 59% increase in operating revenue to Rs 903 crore for FY24. The company raised $200 million at a unicorn valuation from investors like Alpha Wave Global. Ruchi Kalra leads Oxyzo, which has a net worth of Rs 2,600 crore.
Global capability centres (GCCs) operating in India have made it a priority to understand local compliance norms amid an evolving regulatory and GenAI landscape, as per a Nasscom-KPMG survey report.
Founded in April 2022 by former Zoomcar C-suite executives Hemanth Aluru and Sudhindra Reddy, Bengaluru-based Turno provides financing solutions to small and mid-size enterprises as well as individuals who plan to buy commercial three-wheeler (3W) electric vehicles.