Navi Finserv Surges Past Amazon Pay, GPS Renewables Teams Up With STEER Engineering, Bluecopa Raises $1.8 million and more

Sachin Bansal's Navi Finserv has surged past Amazon Pay in transaction volumes, reflecting its growing footprint in the digital payments arena. Meanwhile, in a bold leap toward sustainability, GPS Renewables has teamed up with STEER Engineering to develop cutting-edge 'Made in India' BioCNG processors along with fundraising news for Bluecopa, AltiusHub, e6data, Kaleidofin and others.

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What Matters

“Picture Abhi Baaki Hai”: Sachin Bansal's Navi Finserv Overtakes Amazon Pay

Navi Finserv, founded by Sachin Bansal, saw its customer-initiated transactions rise to 88.71 million in August, surpassing Amazon Pay UPI's 70.72 million. This marks a significant milestone for the fintech unicorn as it carves out its space in India's competitive digital payments landscape.

Meanwhile, PhonePe and Google Pay continue to dominate the UPI sector with 7.2 billion and 5.5 billion transactions, respectively.

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“Mera Hi Jalwa”: In Renewable Push, GPS Renewables Partners STEER Engineering To Build ‘Made In India’ BioCNG Processors

In a move to strengthen its renewable energy efforts, GPS Renewables has partnered with STEER Engineering to develop bio-processors capable of handling 2.5 tons of agro-residue and biomass per hour. This collaboration aims to enhance the efficiency and reduce the lifecycle costs of GPS Renewables' biofuel projects, according to CEO Mainak Chakraborty.

As India advances toward its net-zero goals, cleantech startups like GPS are gaining substantial attention, with the sector raising over $861 million across 57 deals last year.

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1. Bluecopa, a Hyderabad-based AI-powered FinOps automation startup, has raised $1.8 million in a Pre-Series A round led by Blume Ventures and others. The funds will be used to enhance AI tools for better forecasting and streamline finance operations for clients like Yatra and Diversey.

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2. Event tech startup Ticket9 has secured investment from actor Nayanthara and director Vignesh Shivan. The platform, founded in 2022, offers SaaS solutions to create, promote, and manage events.

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3. AltiusHub, a Hyderabad-based supply chain security startup, raised $2.25 million in a seed round led by Endiya Partners. The funds will enhance its engineering team as it provides supply chain visibility solutions, initially focusing on the pharma sector.

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4. Delhi NCR-based healthtech startup Redcliffe Labs has raised $42 million in a Series C round led by IFU, with support from existing investors. The funds will be used to expand its diagnostics network across India.

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5. B2B fintech startup M2P Fintech is in advanced talks with Helios Investment Partners to raise $80 million, with $50 million as a primary infusion and $30 million in secondary funding. The new capital will support M2P’s growth initiatives in the financial technology sector.

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6. Indian cricketer Rishabh Pant has invested INR 7.40 Cr ($0.88 Mn) in Techjockey, a software marketplace founded by a former Zomato executive. The platform aggregates and distributes software solutions for businesses across sectors.

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7. Data intelligence platform e6data secured $10 million in a Series A round led by Accel, with participation from Beenext. The funds will fuel R&D, client onboarding, and hiring expansion to enhance its data solutions.

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8. Chennai-based fintech Kaleidofin has raised $13.8 million in a funding round led by Rabo Partnerships BV, with $11 million coming from the Dutch firm's equity infusion. The funds will support Kaleidofin's mission to expand its financial solutions for underserved customers.

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