Tag: #news

  • Xiaomi Faces Legal Notices from Apple and Samsung Over Comparative Ads in India

    Xiaomi, a Chinese smartphone manufacturer, has received separate legal notices from Apple and Samsung for its commercials in India that contrasted its devices with those of the two companies.

    According to ET, which cited sources, the two smartphone manufacturers took this action to preserve the value of their brands. According to the article, which cited one of the sources, Apple and Samsung had issued cease-and-desist warnings to Xiaomi for certain commercials that negatively impacted their brand value.

    India’s Position as a Global Smartphone Hub

    As per the article, Xiaomi released newspaper ads earlier this year that contrasted the features and cost of one of its devices with those of Apple’s iPhone 16 Pro Max. On social media, Xiaomi also contrasted some of its smartphone models with Samsung’s. With these kinds of advertisements, it also targeted Samsung’s smart TVs.

    India’s Position as a Global Smartphone Hub

    According to IDC, 7 Cr smartphones were supplied in India in the first half of 2025, making it one of the largest smartphone markets globally. With a 19% market share, Vivo led the field, followed by Samsung with a 14.5% share. Nonetheless, Apple and Samsung dominate the nation’s rapidly expanding premium market.

    Apple’s Expanding Footprint in India

    In H1 2025, Apple’s shipments to India increased 21.5% year over year to 59 lakh devices. Notably, Tim Cook, the CEO of Apple, stated during the company’s June quarter earnings call that India had the greatest quarterly revenue ever.

    The country saw a double-digit rise in the company’s iPhone sales. Apple is expanding its retail locations around the nation as a result of this expansion, and next week it plans to establish a new location in Pune. In addition, the tech giant now uses India as a significant manufacturing hub.

    Make in India Boosts Smartphone Production

    Apple India intends to increase production of the iPhone 17 in all five of its Indian factories. Additionally, it intends to sell in the US solely iPhones made in India.

    India is becoming less dependent on smartphone imports and more dependent on exports as a result of other manufacturers like Samsung, Google, Lenovo, and Alcatel, among others, producing smartphones there.

    In 2024, Apple’s iPhone exports from India crossed the INR 1 lakh cr milestone. In FY24, Samsung exported smartphones valued at $52 billion.

    Quick
    Shots

    •Xiaomi’s ads compared its phones with
    iPhone 16 Pro Max, Samsung smartphones, and even Samsung smart TVs.

    •Apple & Samsung claim the ads
    hurt brand value and demanded withdrawal.

    •7 crore smartphones shipped in H1
    2025; Vivo leads with 19% share, Samsung at 14.5%.

    •Apple & Samsung dominate India’s
    fast-growing premium smartphone segment.

  • Sundar Pichai Drops Three Bananas: Here’s What They Mean

    It’s a treat to watch the big tech CEOs mix up some fun to make announcements. Isn’t it? And just like that, the three bananas from Google CEO Sundar Pichai arrive. Wondering what they mean? What could the three bananas possibly mean in tech, you might think? Some 3.0 of something? Well, it’s Google’s image editing model, rolling into its Gemini app. Well, the star of the announcement is not the app, not Sundar Pichai’s playfulness, but it’s his dog, Jeffree.’ The tool made him a cowboy, a surf star, a chef, and a ‘woof-sain Bolt’ (pun intended). Here’s what happened.

    What Do the 3 Bananas Mean?

    Google, on August 26, announced the launch of its new AI editing tool called Gemini 2.5 Flash Image. That’s the official name. The three bananas have come into the picture because Google named the tool “Nano Banana” (The tool’s secret project name precisely).

    Sundar Pichai shared the news on platform ‘X,’ Our image editing model is now rolling out in @Geminiapp – and yes, it’s 🍌🍌. Top of @lmarena’s image edit leaderboard, it’s especially good at maintaining likeness across different contexts. Check out a few of my dog Jeffree in honor of International Dog Day – though don’t let these fool you, he definitely prefers the couch:)”

    To make the launch fun (some called “It’s bananas in a fun way), Sundar Pichai posted the images of his dog Jeffree. Those pictures were AI-edited using Nano Banana to give the public an idea of the tool’s capabilities. Plus, it was International Dog Day, and a perfect occasion to make Jeffree the star.

    How to Use Nano Banana/Gemini 2.5 Flash Image?

    • You upload the image you want.
    • And then you type in what you want it to look like. Let’s say “make me look like a UFC fighter or cowboy” or put me in the 80s.” 
    • The tool then edits the image, preserving the person, pet, or object you select, and gives it a natural look and feel.

    Features in Nano Banana/Gemini 2.5 Flash Image

    The tool has some interesting features, like:

    • Costume and background changes – For instance, let’s take Jeffree, he was put in a cowboy dress and a chef coat, all costumes are possible with Nano Banana.
    • Photo blending – For instance, you can combine yourself and your pet into a really fun image.
    • Step-by-step edits – For instance, you didn’t like a chair, ask it to remove it, add flowers, or redesign the entire background in the image.
    • Design mixing – For instance, you liked a cool pattern from a different image and want to apply it to the image you like.

    Nano Banana/Gemini 2.5 Flash Image Available Where?

    The Nano Banana/Gemini 2.5 Flash Image tool is available within the Gemini app.

    Final Thoughts…

    The post right now has a reach of 451K and 5.5K likes. Well, the cheeky nickname with three bananas seems to really pay off. The fun might have gotten people running to the tool to try it out on their own, and the comments are going bananas with reviews on the tool. 

  • Dream11’s FanCode to Exit Sports Merchandise Business in India by October 2025

    By October of this year, Dream11 parent company Dream Sports’ sports media startup FanCode plans to close its online sports retail store, FanCode Shop. According to a statement from FanCode, the startup chose to close its sports merchandise division in June and reallocate funds to its main content business.

    Reason Behind the Exit from Sports Merchandise

    A representative for FanCode stated that this will assist the company in concentrating on its areas of greatest growth and user value. All orders placed during that time will be fulfilled by FanCode Shop, which will remain open until October. ET was the first to report on the development.

    Challenges in India’s Sports Retail Market

    According to a report by ET, the merchandise industry is facing ongoing challenges with profitability and the unregulated spread of fake goods, both of which have very little room for expansion.

    FanCode Shop as a Revenue Stream

    The goal of FanCode Shop was to give FanCode, which provides live sports streaming, analysis, and commentary, another source of income. It was established in 2020 and, through alliances with IPL teams, the NBA, international cricket organisations, and top football clubs worldwide, provides official sportswear, fan gear, and memorabilia.

    Closure of Real Money Gaming Operations

    This comes shortly after Dream Sports closed its actual gaming operations after the Parliament passed the “Promotion and Regulation of Online Gaming Bill, 2025”. According to Dream11 CEO Harsh Jain, the startup’s 95% revenue vanished overnight as a result of the real money gaming ban.

    Shift to FanCode, Dream Money, DreamCricket, and DreamSetGo

    The startup will now concentrate on FanCode, the recently launched investment tech product Dream Money, the online game DreamCricket, and the sports hospitality brand DreamSetGo rather than contesting the bill in court.

    AI and Future Growth Strategy

    Additionally, Dream11 intends to reallocate its resources to AI-powered advancements in fan interactions, merchandise, sports content, and commerce.

    To increase its runway, the business will also reduce its investment in partnerships, marketing, and advertising. It also withdrew as the Indian cricket team’s primary sponsor as part of this. Nearly all Indian startups, including Zupee, Paytm, Games24x7, and others, have ceased their real money gambling businesses since the bill’s passage.

    Withdrawing as Indian Cricket Team Sponsor

    The company has also discontinued its jersey sponsorship of the Indian cricket team and is now concentrating on the development of businesses in sports AI, streaming, and creator-led audience engagement. FanCode is anticipated to play a significant role in this endeavour.

    FanCode has expanded as a digital sports destination since its 2019 inception, providing live match streaming, highlights, statistics, and tools for fantasy research. In addition to basketball, racing, and football properties, it has acquired the rights to a number of domestic and international cricket series.

    According to IMARC Group, the licensed sports products industry in India was estimated to be worth $1.1 billion in 2024 and is expected to grow to $1.5 billion by 2033.

    Quick
    Shots

    •Company shifting focus to core sports
    content business and higher-growth areas.

    •Launched in 2020, partnered with IPL
    teams, NBA, cricket boards & football clubs to sell official fan gear.

    •Struggled with profitability issues
    and fake goods market hurting licensed merchandise growth.

    •Follows Dream Sports’ closure of real
    money gaming operations after Online Gaming Bill, 2025.

  • Surgical Robot Maker Intuitive to Layoff 331 Employees at Sunnyvale Headquarters

    According to a US state filing last week, medical robot maker Intuitive Surgical may fire up to 331 employees from its Sunnyvale headquarters facility. By the end of October, the Santa Clara-based corporation will be laying off employees at 1050 Kifer Road, which is adjacent to its main headquarters facility at 1020 Kifer Road.

    Impact on Sunnyvale Facility and Workforce Size

    The layoffs were caused by Intuitive ceasing operations for weekend and graveyard shifts in one of its industrial units. In order to reduce the final layoff number, the firm stated that it will urge the impacted employees to apply for available positions. The reductions come from a workforce of 15,638 workers, as in the previous year.

    Reason Behind the Job Reductions

    Up to 212 assembly technicians, 26 manufacturing leaders, 22 trainers, and 22 material handlers are among the impacted staff members. Layoffs have severely impacted medical device and biotech industries as a result of the industry slump that followed the pandemic.

    Roles Impacted by the Layoffs

     Together, Gilead, Roche, and Cargo Therapeutics have eliminated hundreds of positions in the Bay Area this year. Founded in 1995, Intuitive is well-known for its da Vinci Surgical System, which helps physicians do minimally invasive treatments like heart valve repairs, hysterectomies, and prostate removals. By the end of June, 10,488 da Vinci systems had been installed, according to the business.

    Growth in da Vinci Surgical System Installations

    The business recorded $2.44 billion in revenue for the second quarter, a 21% increase over the previous year. The second quarter’s net income increased from $527 million in 2024 to $658 million. The outcomes exceeded Zacks Investment Research’s analyst projections. Tuesday’s trading saw Intuitive’s shares rise 1.2%, reaching a market valuation of $172 billion.

    Tech and Media Layoffs Continue in 2025

    With big companies like Google, Microsoft, and others continuing to reduce their workforces, layoffs in the tech sector are not expected to halt in 2025.

    Companies are still cutting employees in an effort to simplify operations, save money, and emphasise automation and artificial intelligence, even though these figures are much lower than the major layoffs that occurred between 2022 and 2023.

    Layoffs.fyi, a website that tracks layoffs in the industry, reports that 93 organisations have laid off nearly 23,500 tech workers so far this year, and the number is still growing.

    Industry-Wide Trend: AI Reshaping the Workforce

    Google and Microsoft are apparently contemplating a new round of layoffs, according to the most recent job reduction reports. According to reports, AI-led restructuring and performance-based terminations are part of the corporations’ goals to increase the effectiveness of their personnel.

    Similarly, Disney laid off about 200 workers, or nearly 6% of the workforce, from its ABC News Group and Disney Entertainment Networks divisions in March 2025.

    According to a media report, the Walt Disney Company restructured in October 2024, closing ABC Signature and combining its operations into 20th Television. It also merged the scripted drama and comedy teams from ABC and Hulu Originals.

    Quick
    Shots

    •Job cuts to be completed by end of
    October 2025.

    •Company ending weekend and graveyard
    shifts in one industrial unit.

    •Cuts come from a global workforce of
    15,638 employees.

    •Biotech & medical device sectors
    hit by post-pandemic slowdown.

  • Hackers Tried Turning Claude into a Cybercrime Teacher: Anthropic Issues Report

    Do you know that approximately 1,000 cyberattacks happen every minute worldwide? Also, are you aware that 8 out of 10 phishing emails today are generated by AI (according to an article by The Hindu)? Over the past two decades of technological advances, at least 6.5 million people have been affected. With the vast technology of today, anyone can be a victim. Anthropic (the company behind Claude AI) has issued a warning that hackers are using the tool as a teacher to hack, steal data, and scam people. Were they successful? If so, how much money did they make? What is Anthropic doing to fight against malicious acts like these? Learn more.

    When Did the Warning Come Out?

    Anthropic posted a video report in which Jacob Klein (Head of A.I. Safeguards, Threat Intel) and Alex Moix (Threat Investigations Lead) discussed the matter in detail. Anthropic wrote on LinkedIn, “AI is being weaponized for autonomous cyberattacks, criminal infrastructure is becoming AI-native, and barriers to sophisticated cybercrime are dropping. We’re sharing these findings to strengthen collective defenses across the industry while continuously improving our safeguards.”

    What Did the Hackers Try to Do With Claude?

    While the hackers were going about their business calmly in the background, Anthropic caught them and published a report immediately.

    They were using Claude for:

    • To write convincing emails (scam) to trick their targets. 
    • To fix code and make malicious hacking software. 
    • To create social media posts that are again convincing or influence the public. 
    • To act like a teacher to guide a step-by-step process through hacking. 

    Notably, one hacker in particular did:

    • Tricked Claude Code into pointing out companies that looked weak and vulnerable (so that they can easily hack into).
    • Later, they guided the tool to write malware that can steal data.
    • After successfully stealing the data, they asked Claude to review the files and identify the most valuable information (such as financial records).
    • After that, they used Claude to analyze the financial records of those companies to determine how much these companies could pay if hacked.
    • And finally, asked the tool to write notes outright, demanding money in Bitcoin. They went too far, threatening to leak the stolen data if the companies decide not to pay.

    Who Were Targeted?

    According to Anthropic, about 17 companies in total were targeted (names not revealed), like:

    • Healthcare providers (hospitals/medical companies).
    • Defense contractors (who work with highly sensitive military stuff).
    • Financial services (banks and fintechs).

    They stole:

    • Social Security numbers.
    • Bank details.
    • Medical records.
    • Classified defense data (restricted under strict U.S. arms regulations).

    How Much Was the Ransom?

    It is not certain at the moment whether the companies paid any money to those hackers, but they demanded anywhere from $75,000 (at the low end) to $500,000 or more.

    How Anthropic Is Fighting Against These Hackers?

    • The built-in safety systems helped Anthropic detect what was going on. Soon, Anthropic handled the issue before any further damage was done.
    • Banned all the suspicious hacker accounts.
    • Strengthened the filtering process to prevent such attacks from happening again.
    • Published the case study to warn the users.

    They stressed:

    • That one particular hacker was an individual outside the U.S., active for 3 months.
    • Even though Claude has multiple layers of defense, hackers still find new ways to trick around.
    • Anthropic promised to keep testing, take outside reviews, and timely release threat reports. 

     Final Thoughts…

    Several other tech giants (OpenAI, Google, and SoftBank-backed startups) are facing similar issues, calling for strict regulation around the subject matter. 

  • From Dead PDFs to Watchable Training: The New HR Stack for Startups

    If you’ve ever joined a startup, you know the drill: long onboarding PDFs, scattered Google Drive links, and outdated compliance docs. They’re hard to read, harder to remember, and almost impossible to track. For HR specialists and startup leaders, this “old-school” approach creates more problems than it solves. Employees skim. Knowledge slips. Compliance becomes a guessing game.

    But startups today can’t afford training inefficiencies. Every lost hour slows growth, every missed compliance update adds risk, and every disengaged employee hurts culture.

    That’s why forward-looking HR teams are shifting from dead PDFs to watchable, trackable training— building a modern HR stack that’s as agile as the startups it powers.

    The Problem With Traditional HR Onboarding

    • Static learning: PDFs and text-based training don’t match how employees actually consume content in 2025.
    • Zero visibility: HR teams can’t see if employees opened, read, or understood the material.
    • Compliance risk: When regulations change, updating documents is manual, messy, and often overlooked.
    • Employee disengagement: Training feels like a box to tick, not an experience that builds culture.

    This isn’t just inconvenient. It directly impacts retention, compliance, and productivity.

    The Shift to Video-First HR Training

    Employees today are digital-first learners. They expect video, interactive modules, and knowledge that’s easy to revisit when needed. That’s why the smartest HR teams are adopting video-first training platforms.

    With video:

    • Information is easier to consume and retain.
    • HR can track who watched, how much, and where attention drops off.
    • Updates are instant: upload a new video and every employee is aligned.
    • Training becomes engaging, not exhausting.

    This isn’t just a trend. It’s becoming the default expectation inside fast-growing startups.

    Docustream’s Role in the New HR Stack

    Docustream is designed for HR specialists, managers, and startup leaders who want to leave outdated methods behind.

    Instead of static PDFs, Docustream lets HR teams:

    • Convert policies, onboarding docs, and compliance manuals into watchable training videos.
    • Track engagement with real-time analytics.
    • Ensure compliance with verifiable completion records.
    • Centralize HR knowledge so it grows with the company.

    It’s the HR stack for startups that want speed, clarity, and accountability.

    Proof Beyond Buzzwords

    • Time saved: Training creation that once took days now takes minutes.
    • Employee engagement: Video increases retention by up to 95% compared to text-based formats.
    • Compliance assurance: Every training is measurable, auditable, and accessible.
    • Scalability: Whether onboarding 10 or 1,000 employees, Docustream scales without friction.

    This is why Docustream is already being recognized as a category-defining HR tool for fast-growth companies.

    The Future of HR Training Is Video-First

    Startups can’t afford to rely on static PDFs and forgotten drive folders. The future is clear: training must be video-first, measurable, and culture-driven.

    Docustream is built to make that future possible, not years from now, but today.

    Start your free trial now and turn your first PDF into a watchable training module in minutes.

  • FedEx Supply Chain Layoffs in Memphis to Impact Over 600 Employees, WARN Notice Confirms

    As part of a business shift, FedEx Supply Chain in Memphis will lay off over 600 employees. On August 27, the logistics colossus with headquarters in Memphis submitted a WARN notification (Worker Adjustment and Retraining Notification).

    FedEx informed the agency that 611 workers at its operations at 4155 Quest Way and 5800 Challenge Drive will be let go. The number of affected employees was not revealed at the time of the August 14 Commercial Appeal report on FedEx Supply Chain layoffs.

    WARN Notice Confirms FedEx Supply Chain Layoffs

    The WARN notice states that FedEx and impacted employees will coordinate services with the rapid response team of the Greater Memphis Workforce Development Board.

    FedEx refused to give ‘The Commercial Appeal’ any more information about the WARN notification. According to a prior statement from the firm, the FedEx Supply Chain customer located in Memphis at 4155 Quest Way and 5800 Challenge Drive will be moving a sizable amount of its operations to a new third-party logistics provider in a different location.

    The transition is anticipated to be finished by October 2025. FedEx intends to continue operating a part of its operations in Memphis.

    Locations and Number of Employees Affected

    FedEx acknowledged that workers at this location were informed beforehand, and many of them will be qualified for other positions within the organisation. According to the official statement from the brand, the business is dedicated to helping impacted workers find new employment, relocate, or receive severance pay, if necessary, including at other FedEx locations in the region.

    Network 2.0 Restructure and Prior Layoffs

    According to FedEx, these modifications have nothing to do with the reorganisations it made as part of its previously declared network transformation strategy, known as Network 2.0. As part of the restructure, FedEx stated in July that it will be laying off over 480 workers.

    Quick
    Shots

    •Layoffs at 4155 Quest Way and 5800
    Challenge Drive facilities.

    •Transition to a new 3PL provider to
    be completed by October 2025.

    •FedEx coordinating with Greater
    Memphis Workforce Development Board for assistance.

    •Impacted staff may get opportunities
    for relocation, severance, or other FedEx roles.

    •Business shift as FedEx customer
    moves operations to another third-party logistics provider.

  • Google Alerts 2.5B Gmail Users After Major Hacking Breach – What You Need to Do

    Since password hackers have carried out a considerable number of “successful intrusions”, Google has advised the majority of its 2.5 billion Gmail users to reset their passwords and improve account security.

    Users are being advised to adopt additional security measures, such as two-factor authentication, if they haven’t already, and to keep a close eye out for any unusual activity.

    Common Hacking Tactics Targeting Gmail

    Hackers frequently obtain Gmail passwords by fooling users into disclosing their two-factor authentication codes or by sending emails with links to phoney sign-in sites. According to Google research, barely one-third of users update their strong, one-of-a-kind passwords on a regular basis.

    Google’s Advice for Stronger Account Protection

    In addition, Google has urged users to strengthen their security procedures following a hack of its own Salesforce database. Google issued a warning in June that malicious actors were using social engineering attacks to fool people by pretending to be IT support staff members.

    What Data Was Exposed?

    The company claimed that this tactic was “particularly effective in tricking employees.” Although the hacking technique may be utilised for more severe attacks in the future, it primarily compromised publicly accessible data, such as contact information for small and medium-sized enterprises.

    In a blog post published in June, Google stated that it thinks threat actors that use the “ShinyHunters” brand might be getting ready to establish a data leak site (DLS) in order to intensify their extortion efforts. It went on to say that these new strategies, which include those connected to the recent UNC6040 Salesforce data breaches, are probably meant to put more pressure on victims.

    Who Are the ShinyHunters?

    On August 8, it sent out an email to all users affected by this event. Originating from the Pokémon franchise, ShinyHunters was founded in 2020 and has since been connected to multiple high-profile hacks of companies such as Microsoft, AT&T, Santander, and Ticketmaster.

    Google Blocking Unverified APKs from 2026

    A big update that Google has revealed for Android might drastically affect how apps are deployed on the platform. The business will mandate that verified developers register all apps on certified Android devices beginning in September 2026. Users will no longer be able to sideload programs from unidentified or unconfirmed sources as a result.

    Why Google Is Tightening App Security

    Google claims that this action is intended to improve security and lower the possibility of malware, which is frequently distributed by hackers using APKs. The goal of the new regulation, according to Google, is “improving Android’s security to keep it open and safe.” The business contends that requiring developers to authenticate themselves will provide the ecosystem a crucial new level of accountability.

    Quick
    Shots

    •Hackers carried out “successful
    intrusions” into Gmail accounts.

    •Google advises enabling two-factor
    authentication (2FA).

    •Phishing links & fake sign-in
    sites used to steal credentials.

    •Mostly public data (contact info of
    SMBs) was exposed.

  • Banking Infrastructure platform TransBnk raises $25 million in a Series B round led by Bessemer Venture Partners

    Banking infrastructure platform TransBnk today announced its $25 million Series B Fundraise led by Bessemer Venture Partners with participation from Arkam Ventures and Fundamentum Partnership, with participation from existing investors 8i Ventures, Accion Venture Labs, GMO Venture Partners. The funds will primarily be used for geographical expansion and bolstering tech & Product talent.

    Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain and Sachin Gupta, TransBnk is building a common operating system for fintechs and other institutions to access the banking ecosystem. Their ‘single-window’ offering allows clients to leverage API infrastructure from various banks for seamless onboarding, transactions and reconciliations.

    Over the past decade, there has been much tech-first innovation on the retail banking side that has made consumer journeys nimble and seamless. Corporate & business banking, however, has long lagged behind the innovation seen in retail banking. There is a gaping void in how corporations and lenders manage their digital banking operations, especially when it comes to navigating a fragmented ecosystem of accounts, interfaces, and manual processes. While retail users enjoy seamless, mobile-first banking journeys, corporate customers often rely on spreadsheets, RM calls, and multiple portals just to get basic tasks done. This is the gap which TransBnk aims to plug, by embedding itself directly into the core infrastructure of banks, enabling companies to view, transact, and reconcile across their multiple banking relationships in one unified, programmable interface. 

    TransBnk aims to capitalise on a larger industry trend – banks are moving away from monolithic, capex-heavy software stacks. Legacy providers are costly and can take years to implement, often delivering clunky and fragmented solutions. TransBnk offers an opex-led, modular alternative, starting with payment and lending rails, and potentially evolving into a full customer engagement layer or even a next-gen core for corporate banking. TransBnk therefore delivers modern infrastructure that is highly technical and complex, while demonstrating strong capital efficiency and profitability at this early stage, aiming to be the backbone of India’s corporate banking future. This allows banks to also upgrade their tech-stack to remain relevant and competitive.

    TransBnk’s unique value proposition has translated into robust business metrics. They have grown from seed to double digit million in annual dollar revenue in less than 24 months. They have also integrated with 40+ banks, which include leading private and public sector players, MNC Banks as well as Small Finance Banks. They have more than 220 clients accessing nearly 1500 APIs on a monthly basis.

    What sets the founding team apart is their deep experience in the field of corporate banking as well as transaction banking – a niche, specialized, and highly relationship-driven space, and the founders bring over 7 decades of collective experience in this domain.

    Vishal Gupta, Partner, Bessemer Venture Partners said “We are excited to partner with the Transbnk team. Their deep industry expertise makes them best placed to disrupt corporate banking and transaction banking in India, making it more seamless and reducing fragmentation. Corporate banking has lagged behind their retail counterparts, where over the past 10 years innovation in this space has allowed users to enjoy frictionless, mobile-first banking journeys. We are confident that Transbnk will bring the same transformative spirit and user delight to the corporate and transaction banking ecosystem” 

    Vikram Chachra of 8i ventures said “We’re thrilled to welcome Bessemer, Fundamentum, and Arkam to the TransBnk family. When we led the seed round, we believed TransBnk could become the new foundational layer for corporate banking in India. Just two years later, it has emerged as India’s fastest-growing fintech infrastructure platform, putting banks back at the centre of the fintech landscape and enabling them to serve a new generation of digital-first businesses.”

    Vaibhav Tambe, CEO and co-founder, TransBnk commented that “Series B is a massive growth catalyst—fueling our roadmap to scale, innovate, and set new benchmarks in global transaction banking. Our proprietary tech Infra is already powering leading NBFCs, Fintech players, Banks, Corporates and we are now expanding this across BFSI, Mid-Corporate & SMEs. TransBnk is strategically placed to expand beyond India, with encouraging traction in SEA and Middle East markets, while at the same time focused on consolidating our strength in the domestic market as an emerging leader in banking infrastructure.”

  • Daily Indian Funding Roundup & Key News – 28 August 2025: TransBnk Raises $25M, Groww Gets SEBI IPO Nod, Unity-BharatPe Card Launch & More

    On 28 August 2025 notable developments in India’s startup funding landscape were seen. From banking infrastructure and microfinance to pet care and gaming, startups secured fresh capital to scale operations and deepen market penetration. Meanwhile, India’s macro business environment was abuzz with news on bond financing, IPO stress in the SME segment, and anticipated regulatory shifts.

    Daily Indian Funding Roundup – 28th August 2025

    Company Amount Round Lead investor(s) Sector
    Transbnk $25 Mn Series B Bessemer Fintech / Digital banking
    Save Microfinance $3 Mn via IIX WLB IIX Microfinance / Community lending
    Bhaobhao (Pet-care startup) $200k Angel Angel Investors Pet-care / Consumer products
    Matiks $3.1 Mn (Not stated) (Not stated) Edtech / Gaming (math-focused)
    Nuyug ₹2.5 Crore (Not stated) (Not stated) Jewellery / Celebration-wear

    TransBnk raised $25 million in Series B

    TransBnk, a banking infrastructure platform, has raised $25 million in a Series B round led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners. The funds will support its geographical expansion and strengthen its tech and product talent.

    SAVE Microfinance raised $3 million via IIX’s WLB

    SAVE Microfinance has secured $3 million through IIX’s Women’s Livelihood Bond (WLB), designed to support microfinance initiatives and women’s livelihoods. The fresh funds will aid the company in expanding its reach and impact in underserved communities.

    BhaoBhao raised $200 k in angel funding

    Mumbai-based pet care startup BhaoBhao has raised $200 k in an angel funding round to expand its at-home grooming services. The company offers services priced between ₹1,500 to ₹2,000 per session and has served over 3,000 clients in Mumbai with an impressive 95% repeat rate.

    Matiks raised $3.1 million in Pre-Series A

    Gaming startup Matiks has raised $3.1 million in a Pre-Series A round led by Tanglin Ventures. The platform, focused on maths-based gaming, has already reached nearly 100,000 users and recently launched a paid ‘Creators Programme’ to foster community-driven growth.

    Nuyug raised ₹2.5 crore in funding

    Jewellery startup Nuyug has raised ₹25 crore to redefine celebration-wear in the premium fashion jewellery segment. The funding will enable the brand to expand its reach and enhance its product offerings in the growing jewellery market.

    Key Business News for 28th August 2025

    Groww Secures SEBI Nod to Launch IPO

    Groww, the Tiger Global-backed investment platform, has received approval from the Securities and Exchange Board of India (SEBI) to float its Initial Public Offering (IPO). The Bengaluru-based fintech unicorn, which competes with Zerodha and Upstox, is expected to file its Draft Red Herring Prospectus (DRHP) soon. The IPO will mark a significant milestone for Groww as it expands its financial services offerings, including mutual funds, stockbroking, and fixed deposits.

    Unity Bank and BharatPe to Launch EMI-Driven Credit Card

    Unity Small Finance Bank, in collaboration with BharatPe, is preparing to roll out an EMI-driven credit card. The product will be targeted at small merchants and retail consumers, enabling them to make purchases and repay through easy monthly installments. This partnership builds on BharatPe’s growing fintech ecosystem and Unity Bank’s lending capabilities, aiming to provide affordable credit access to underserved segments.

    Dream Sports’ FanCode to Shut Down Sports Merchandise Business

    FanCode, the sports platform owned by Dream Sports, has decided to shut its sports merchandise vertical. The move comes as part of a strategic realignment to focus more on its core offerings such as live sports streaming, fan engagement, and digital content. FanCode, launched in 2019, had been experimenting with merchandise to capture the fan economy but will now discontinue this segment to streamline operations.


    Daily Indian Funding Roundup and Key News: 25 August 2025
    On 25 August 2025, India’s startup and business ecosystem witnessed a flurry of activity across funding, IPO filings, and strategic expansions. Here’s your quick roundup for the day.