Mumbai (Maharashtra) [India], July 7: Stratum Real Estate Advisory is proud to partner with Shapoorji Pallonji Real Estate (SPRE) to lead the sales and marketing mandate for BKC 9, its premium residential project in Bandra East.
Strategically positioned in the micro-market of Kherwadi and adjacent to the city’s prime business hub, BKC, BKC 9 is a thoughtfully designed project that reflects SPRE’s legacy of quality, innovation, and excellence. Recognising the project’s immense potential and growing market momentum, SPRE brought Stratum on board to further accelerate customer engagement and sales traction.
To unlock the project’s full potential, Stratum crafted a customised go-to-market strategy, driven by an in-depth understanding of buyer behaviour and the evolving needs of today’s homebuyers. Through targeted outreach, strategic positioning, and category-defining sales interventions, the project has already garnered robust interest and is witnessing strong demand.
“This partnership is a validation of what we stand for—being outcome-focused, insight-led, and fiercely execution-driven,” said a spokesperson from Stratum Real Estate Advisory. “BKC 9 is a high-potential project, and we’re excited to help it get the market response it truly deserves.”
With its proximity to BKC, solid infrastructure growth, and rising demand for quality residential offerings in the area, BKC 9 is well-positioned for success, driven by Stratum’s fresh energy and SPRE’s legacy of excellence.
Nithin Kamath, the founder and CEO of Zerodha, shared some eye-opening thoughts on where investing and trading are headed in his recent LinkedIn post. According to him, we are just at the start of a huge change powered by artificial intelligence (AI).
He believes that soon, investing, trading, banking, and payments will all be done through AI apps. These apps won’t be built by big companies but by the users themselves, simply by giving natural language commands. Imagine telling an app what you want in plain English, and it does the rest.
AI Isn’t ‘If’ – It’s ‘When’
Kamath points out that tools like ChatGPT and Claude show us that AI’s impact on finance is no longer a question of “if” but “when”. It might take a few years or even a decade, but AI will reshape the entire industry.
Human advisors will still play a role, mainly to keep people disciplined and help them follow AI’s advice. But much of the trading and investing work will be automated.
The Future Is Uncertain, But Zerodha Is Ready
No one knows exactly how things will turn out. Kamath calls the future “grey” — full of unknowns. His advice? Stay curious, watch the trends carefully, and act wisely.
For example, Zerodha has deliberately held back from letting AI place orders automatically. Trust and a solid infrastructure will be the main competitive advantages in the future.
Final Word: Trust and Tech Will Win
In a world where automation rules, the real strength lies in being trustworthy and having a rock-solid system behind the scenes. Nithin Kamath rightly points out that being a fast, invisible pipe is the only way brokers can stay relevant. This aligns with a broader trend: today’s users want platforms that “just work,” without crashes, delays, or security concerns.
Big players like Mastercard are already building AI-secure payment systems, and regulators like the RBI are pushing for zero-trust cybersecurity to avoid breakdowns in digital finance. Even the World Economic Forum highlights how digital trust is key to long-term innovation. As AI tools like ChatGPT become part of everyday finance, people won’t just look for smart features, they’ll stick with platforms that feel safe, stable, and built to last.
Big moves and big money marked 7 July 2025. Khetika raised $18 million, BigBasket welcomed a new CFO, and Jio-BlackRock collected INR 17,800 crore in its first mutual fund offer. Here’s a quick look at all the key updates from the day.
Narotam Sekhsaria Family Office, Anicut Capital (with Incofin, others)
Divine Hindu
D2C / Spiritual lifestyle
₹1.56 crore
Seed
BeyondSeed, D2C Insider Super Angels, Signal Ventures
AMAMA
D2C Jewellery
US $1 million
(Early-stage)
Mistry Ventures LLP
InPrime Finserv raised INR 50 Crore in Series A1
InPrime Finserv has raised INR 50 crore (~US $6.02 million) in a Series A1 round led by Pravega Ventures, with participation from Z47, InfoEdge Ventures, and Kettleborough VC.
Founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh, the company focuses on providing credit to underserved “informal prime” customers, micro‑entrepreneurs, small retailers, and farmers. It has already served 7,500+ households and disbursed nearly INR 100 crore in loans. The round will help expand its reach across Bharat, targeting 50 locations over the next year.
WiseLife raised INR 8 Crore from Rukam Capital
WiseLife, a D2C wellness brand, has raised INR 8 crore in a Seed/Pre‑Series A round led by Rukam Capital. The company offers eco‑friendly yoga mats and fitness accessories, gained prominence via Shark Tank India Season 3, and has achieved nearly INR 9 crore in FY24 revenue. The new funding will support scaling distribution and product innovation.
Khetika secured $18 Million in Series B
Mumbai-based clean-label food brand Khetika has secured $18 million (approx INR 153 crore) in its Series B round. The round was co-led by Narotam Sekhsaria Family Office and Anicut Capital, with continued participation from Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums. Funds will drive brand building, new manufacturing, product launches, and expansion into markets such as Europe, the Middle East, and the US.
Divine Hindu raised INR 1.56 Crore Seed round
D2C spiritual-lifestyle brand founded by Aniruddha and Anurodh Singhai, Divine Hindu has raised INR 1.56 crore in a Seed round. Investors include BeyondSeed, D2C Insider Super Angels, and Signal Ventures. The brand offers lab-tested spiritual products—Rudraksha, puja kits, brass idols and intends to expand across Indian e‑commerce and internationally while building a community around Hindu traditions.
AMAMA secured $1 Million in funding
AMAMA, the Delhi-based handcrafted jewellery label founded by Nikita Gupta, has raised $1 million in funding from Mistry Ventures LLP. AMAMA blends traditional craftsmanship with contemporary design. It plans to use the funds to scale operations, expand its design team, open four new stores (Mumbai, Ahmedabad, Delhi NCR), and explore international expansion.
Key News Highlights for 7 July 2025
Jio‑BlackRock Raises INR 17,800 Crore in Maiden Mutual Fund Offer
JioBlackRock Asset Management, the 50:50 JV between Jio Financial Services and BlackRock, has raised INR 17,800 crore (~$2.1 billion) via its debut NFO across three cash/debt schemes over a three-day window. The offer drew support from 90+ institutional and over 67,000 retail investors, catapulting the firm into the top 15 AMCs by debt AUM.
Square Yards to Raise INR 2,000 Crore via IPO at ₹15.2 Billion Valuation
Real estate platform Square Yards plans to raise INR 2,000 crore through an IPO, valuing the company at approximately $1.5-2 billion. First reported by Entrackr, the capital raise aims to drive product investments, geographic expansion, and strengthen its technology platform. (Note: Details first reported by Entrackr on 7 July 2025.)
Workspace solutions provider Incuspaze has acquired VSKOUT, a SaaS platform for commercial real estate analytics, via a cash and equity-swap deal. The merger marries Incuspaze’s 50-location, 4 million sq ft footprint with VSKOUT’s data intelligence, aiming to enhance site selection for enterprises and GCCs.
Bombay High Court Quashes INR 170 Crore GST Demand Against Go Digit
The Bombay High Court has set aside an INR 170.29 crore GST demand (INR 154.8 crore in tax, INR 15.48 crore in penalties) previously issued to Go Digit General Insurance, ordering a fresh adjudication in line with GST Council guidance. The ruling is seen as significant for the broader insurance sector and carries no immediate financial impact.
bigbasket Appoints Manish Bajoria as Chief Financial Officer
Tata‑backed online grocer bigbasket has appointed Manish Bajoria as its new Chief Financial Officer. Bajoria brings over 20 years of experience, including leadership roles at Amazon, Hindustan Unilever, and, most recently Vini Cosmetics, and begins his tenure during BigBasket’s expansion into quick-commerce and smaller cities.
Eternal Appoints Aditya Mangla as Food Delivery CEO
Eternal (formerly Zomato) has appointed Aditya Mangla as CEO of its food‑ordering and delivery business, succeeding Rakesh Ranjan. Mangla, who joined in March 2021, has previously led supply, product, and customer‑experience functions.
bigbasket, a TATA Enterprise, has announced the appointment of Manish Bajoria as its new Chief Financial Officer. In this role, Manish will oversee all aspects of the company’s finance function and play a key role in shaping bigbasket’s financial strategy as it enters its next phase of development and innovation.
Manish brings over 20 years of experience in strategic finance, commercial management, and digital transformation across diverse sectors. Prior to joining bigbasket, he served as CFO at Vini Cosmetics, where he led end-to-end financial management and played a pivotal role in the company’s digital transformation. He has also held senior finance leadership roles at Amazon and Hindustan Unilever, where he was instrumental in expanding operations, managing large P&Ls, and building high-governance, growth-focused teams. Manish began his career at Tata Steel Limited and is a qualified Chartered Accountant.
Speaking about the appointment, Hari Menon, bigbasket, said, “We are happy to have Manish on board at a time when bigbasket is growing across many fronts. He brings deep financial experience and a practical understanding of how businesses work on the ground. His steady approach and ability to work through complex situations will be a real asset as we continue to scale and stay focused on what matters, serving our customers better and building a strong, sustainable business.”
Adding further, Manish Bajoria, said, “I am excited to join bigbasket at a time when the company is scaling rapidly and redefining the grocery and convenience ecosystem in India. I look forward to working with the leadership team to improve financial processes, support growth, and create lasting value for customers, partners, and employees.”
About bigbasket, A TATA Enterprise
bigbasket, a TATA Enterprise, is creating milestones in the online grocery market and has recently overhauled its supply chains across cities to fulfil a majority of customer orders faster. The company’s operations have expanded to more than 400 cities in India, recording about 8 million customer orders per month.
BANKIT, a fintech company focused on financial inclusion, has officially rebranded as FindiBANKIT. The change follows the company’s acquisition earlier this year by FINDI Ltd., an Australian Stock Exchange (ASX: FND) listed entity, through its Indian subsidiary Transaction Solutions International (India) Pvt. Ltd.
The rebranding aligns BANKIT with the FINDI group and signals an expansion in service offerings. In addition to its existing digital and assisted financial services, the company will now also offer White Label ATM deployments and Banking Correspondent services in partnership with various banks.
Commenting on the rebranding, Amit Nigam, Executive Director & Chief Executive Officer, FindiBANKIT, said, “The transition from BANKIT to FindiBANKIT is not just a change in name, it marks our evolution into a more powerful, integrated platform. In addition to our trusted digital and assisted services, we are now positioned to offer White Label ATMs and Banking Correspondent services of various leading banks to our merchants, further empowering underserved communities across India. Our goal remains unchanged. We will continue to deliver simple, secure, and inclusive financial access to every Indian, regardless of geography”.
FindiBANKIT’s offerings currently include Domestic Money Transfer, Aadhaar-enabled Payments, MicroATM, Prepaid Cards, Mobile and DTH Recharge, Bharat Bill Pay, Insurance, Travel & Stay, and Cash Management Services (CMS). The new services, added post-acquisition, include Findi-branded White Label ATMs and extended banking correspondent partnerships.
The company operates through a network of over 2 lakh retail outlets, covering 15,000+ pin codes across 28 Indian states. With this expanded service scope, the rebranded entity aims to strengthen financial access in rural and semi-urban areas.
The move is part of FINDI Ltd.’s broader strategy to enhance ATM and financial service infrastructure in India. Through FindiBANKIT, the group is integrating digital payments, last-mile banking, and ATM networks to reach underserved regions with essential financial services.
WiseLife, a one-stop-solution for all yoga & home fitness essentials, previously featured in Shark Tank India Season 3, has raised INR 8 crore in a Seed/Pre-Series A round from Rukam Capital. The strategic investment marks a pivotal step in WiseLife’s mission to become India’s go-to brand for premium, eco-friendly yoga mats and other wellness products that blend unique design with affordability.
Founded with the vision to elevate everyday wellness through thoughtfully designed yoga gear, WiseLife has struck a chord with India’s growing base of health-conscious consumers. The brand offers a curated range of biodegradable yoga mats, fitness gear, and lifestyle accessories, combining durability, design, and sustainability at accessible price points.
“The current funding round will help us scale WiseLife from a boutique brand to India’s No. 1 yoga brand. We will be able to do a lot more experimenting and develop even better products and content for the yoga and fitness enthusiasts,” said Prateek Kedia, Founderof WiseLife.
Speaking on the investment, Archana Jahagirdar, Founder & Managing Partner at Rukam Capital, said “India is at the cusp of a wellness revolution. WiseLife stands out by creating a brand that is not only functionally superior but also emotionally resonant with today’s health-conscious consumer. We see tremendous potential in the brand’s vision and are excited to back their journey of making yoga more inclusive, aspirational, and accessible.”
The new funding from Rukam Capital comes at a time when the yoga and wellness space is witnessing exponential growth. According to IMARC Group, India’s yoga mat market is projected to grow from USD 1.4 billion in 2024 to USD 2.2 billion by 2033, while the global market is expected to reach USD 26.5 billion by 2030. Rising health consciousness, corporate wellness programs, increased adoption of yoga, and a shift toward eco-friendly products are driving this momentum.
WiseLife first gained national visibility after its successful appearance on Shark Tank India Season 3, where it bagged funding from all four sharks: Aman Gupta, co-founder of boAt; Anupam Mittal, founder and CEO of Shaadi.com; Ritesh Aggarwal, founder and CEO of OYO Rooms; and Namita Thapar, Executive Director of Emcure Pharmaceuticals. The founders’ vision and product strategy resonated with the investors and consumers, setting the stage for further institutional backing.
With its strong customer base and growing brand resonance, WiseLife is well-positioned to lead this transformation. The company plans to launch new product lines, enhance content and community engagement, and expand distribution in the coming year.
About Rukam Capital
Rukam Capital is a leading Indian early-stage venture capital firm specializing in investing in consumer products and services companies. We invest in purpose-led founders who are solving hard problems at scale by creating products and companies that people love. As entrepreneurs ourselves, we understand the challenges of building a successful business and actively partner with our portfolio companies to drive innovation and growth.
Lifestyle electronics brand Dylect has appointed actor and automobile enthusiast Rannvijay Singha as the brand ambassador for its upcoming smart in-car technology lineup, aimed at enhancing safety and convenience for Indian drivers.
The move signals Dylect’s expansion into the automotive tech space, with a new product range built specifically for Indian road conditions. The brand plans to roll out tech-driven driving accessories designed to support a more connected and safer journey.
Why Rannvijay?
Best known for his road-trip adventures and connection with India’s motoring community, Rannvijay brings both credibility and relatability to Dylect’s new venture.
“Driving isn’t just routine for me — it’s a way of life,” said Rannvijay Singha. “What Dylect is building resonates deeply, tech that’s practical, smart, and actually makes every journey better.”
Company Perspective
Anuj Bhatia, Founder of Dylect, said the partnership reflects the brand’s ethos:
“Rannvijay isn’t just a face, he’s a symbol of what Dylect stands for: fearless, dependable, and built for real-world journeys.”
Following a debut year with $4 million (INR 33 crore) in revenue, Dylect is now positioning itself for long-term growth by targeting India’s rising class of tech-savvy, road-smart consumers.
Dylect is aiming to reach INR 1,000 crore in revenue within three years, backed by its entry into new categories like kitchen appliances, car dash cams, and solar-powered devices. While 90% of its revenue currently comes from online platforms like Amazon, Flipkart, Zepto, and its own site, the brand plans to open offline stores next year in cities like Delhi, Bangalore, and Gurugram.
It also has global expansion plans, starting with Dubai and eyeing markets like Saudi Arabia, Qatar, and Turkey. With a strong focus on design, innovation, and compact, energy-efficient products, Dylect wants to become a leading name in lifestyle electronics for both Indian and global consumers.
About Dylect
Founded as a lifestyle electronics brand, Dylect offers products across both home and automotive categories, with a focus on smart technology, minimal design, and practical use. The brand has built a strong digital presence and aims to redefine how Indian consumers engage with electronics, at home and on the road.
In a global first from India, fintech platform Fi Money has launched a Model Context Protocol (MCP) Server, a secure, AI-ready infrastructure that allows users to connect their complete financial data with AI assistants like ChatGPT, Gemini, and Claude.
This innovation aims to transform personal finance by giving individuals full control over their financial information while enabling intelligent, private conversations with AI.
What the MCP Server Does
Until now, AI assistants could only offer generic financial advice unless users manually entered or uploaded data. Fi Money’s MCP changes that. Users can now:
View all financial assets, bank accounts, mutual funds, loans, insurance, EPF, gold, and real estate in one place
Export this data into AI-friendly formats or connect it in near real-time
Ask deeply personal, data-specific questions such as:
“Can I afford a 6-month career break?”
“How much money will I have by age 40?”
“What are the weak spots in my portfolio?”
The Fi MCP is designed to work on a user’s terms, keeping data private and secure. It’s a first-of-its-kind consumer-facing implementation of a Model Context Protocol in the personal finance space.
Why It Matters
Indian consumers are increasingly seeking smart, integrated, digital-first tools to manage their finances. With the MCP launch, Fi Money positions itself as a pioneer in enabling AI-driven, context-aware financial decisions. This move builds on India’s already strong digital infrastructure and takes personal finance a step forward globally.
“This is the first time any personal finance app globally has enabled users to securely connect their financial data with AI tools like ChatGPT or Gemini,” said Sujith Narayanan, Co-founder of Fi Money. “It’s about giving people the power to ask better questions and get smarter answers about their money.”
About Fi Money
Founded in 2019 by ex-Google Pay (Tez) leaders Sujith Narayanan and Sumit Gwalani, Fi Money is an integrated financial platform offering savings, investments, loans, insurance, and more. Backed by Peak XV, Ribbit Capital, Temasek, and others, it serves over 3.5 million users across 19,000+ pin codes in India.
In a significant move toward inclusive financial growth, InPrime Finserv, a tech-enabled NBFC focused on India’s emerging middle class, has raised INR 50 crores ($6.02 Mn) in a Series A1 funding round. The round was led by Pravega Ventures with continued backing from existing investors Z47, InfoEdge Ventures, and Kettleborough VC.
The capital will power InPrime expanding into deeper geographies, often referred to as ‘Bharat’, where aspirational, credit-deserving households remain underserved by traditional finance.
Founded in 2021 by Sneh Thakur, Manish Raj, and Rajat Singh, InPrime Finserv is focused on serving India’s Informal Prime Households—aspirational customers with stable incomes and a strong drive for upward mobility. This segment includes micro and nano entrepreneurs, self-employed professionals, small retailers, and those engaged in farming and allied agri sectors.
The founding team brings deep experience in lending and financial services with past Leadership roles at Ujjivan Small Finance Bank. This gives them a practical, customer-first approach to solving grassroots credit challenges.
“Our Prime customers, the emerging middle class, driving India’s informal economy, bring relentless drive and determination that keeps local economies humming. Yet, when it’s time to fund their next leap, they are forced to stitch together loans, one painful step at a time.
We are fixing that. InPrime’s tech-first, self-service platform — reinforced by local field teams — lays the digital railroads these entrepreneurs deserve, delivering formal-economy-grade service and real control in one place. When they grow, India accelerates toward its $10-trillion ambition and we’re proud to stand shoulder-to-shoulder with them.” said Rajat Singh, Co-founder and CEO, InPrime Finserv.
“India’s emerging middle class is the engine of the country’s next economic chapter. InPrime is building where it truly matters. They’re expanding access and reimagining what a credit experience should look like for this segment. Their first-principle thinking, sharp customer insight and disciplined execution make them exactly the kind of company we back at Pravega” said a spokesperson from Pravega Ventures.
“Expanding credit access for the real economy is core to India’s path to becoming a developed nation. InPrime is applying first-principles and digital first thinking for Bharat’s small businesses, upgrading the approach with their aspirations.” said Avnish Bajaj, Founder and Investor, Z47. “The founding team of Rajat, Sneh, and Manish have an enviable through cycle track record of executional excellence in serving this customer set with deep empathy and are building a generational institution in financial services. We are delighted to double down on our partnership.”
Since its inception, InPrime has served over 7,500 households by providing nearly INR 100 crores of credit to the emerging middle class
Over the next 12 months, the company aims to expand its footprint to around 50 locations, resulting in a presence across Karnataka, Uttar Pradesh, Rajasthan, and Haryana.InPrime will strengthen its existing product suite, deepen distribution through diverse channels—including its proprietary Credit-O-Meter, a vernacular digital discovery tool that identifies high-intent, creditworthy customers—and make a focused foray into secured lending. The company also plans to explore strategic co-lending partnerships to scale and diversify its capital base.
About InPrime Finserv
InPrime Finserv (STK Credit Private Limited) is a NBFC focused on expanding access to structured credit for India’s emerging middle class. With a risk-first mindset and a tech- and data-led approach, InPrime endeavoursto build a best-in-class, multi-product, multi-channel experience tailored to its target segment. Backed by marquee investors including Pravega Ventures, Z47, InfoEdge Ventures, Kettleborough VC and Titan Capital, InPrime is building a scalable and responsible financial institution rooted in trust and technology.
About Pravega Ventures
Pravega Ventures is an early-stage venture capital fund investing in founders at the pre-Series A and Series A stages across enterprise and fintech. They back transformative ideas with the potential to redefine industries, offering more than just capital. As a long-term partner, Pravega provides strategic guidance and operational support to help startups scale into category leaders.
About Z47
Z47 is a “founders-first” venture capital firm with an AUM of $3.5 billion, spanning over 100 investments since 2006. Our commitment is to founders who are determined to lead India to its destiny as a developed nation by 2047. Z47’s investment focus includes Fintech, Consumer, B2B Manufacturing, and Enterprise AI. We are proud partners to Five Star Business Finance, Ola, Ola Electric, OfBusiness, Razorpay, Dailyhunt as well as Jupiter, OneCard, Oxyzo, and Scapia. Z47 has offices in Mumbai, Delhi and Bangalore.
From institutions to individuals, JioBlackRock Asset Management’s mutual fund schemes attract an overwhelming response.
Retail customers can now create their investment accounts through the JioFinance app to invest in JioBlackRock funds and participate in upcoming NFOs.
Jio BlackRock Asset Management Private Limited(JioBlackRock Asset Management), a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock, announces the successful closure of its maiden New Fund Offer (NFO), recording a total investment of INR 17,800 crore (~USD 2.1 billion), across three cash/debt mutual fund schemes, JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund.
The three-day NFO, which was launched on June 30, 2025, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset Management’s value proposition that combines data-driven investing and a digital-first approach. The cash/debt mutual fund schemes also recorded an overwhelming response from retail investors, with over 67,000 individuals investing in these funds during the offer period.
The NFO, which closed on July 02, 2025, was one of the largest in India’s cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund houses.
These first funds offered by JioBlackRock Asset Management provide a broad range of investors choice to manage different elements of cash and short-term allocations, and put cash to work for meeting differing liquidity, risk and return objectives. Short-duration debt and money market mutual funds are a solution for investors looking to get yield by holding lower-volatility and
short-term funds, without locking into a long-term commitment and providing clients with the flexibility to meet their liquidity needs. They serve as tools for investment portfolio builders, corporate treasuries and retail investors alike.
Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management said: “The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management’s innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India’s evolving investment landscape, catering to all types of investors.”
Account Creation Initiative
To enable retail investors to benefit from JioBlackRock Asset Management’s systematic approach to investments, and participate in its upcoming fund offerings, the company has announced an Account Creation Initiative. Designed to simplify onboarding, the initiative allows customers to create investment-ready accounts within minutes through the JioFinance app.
All that a customer has to do is download and/or open the JioFinance app; click the ‘Invest’ tab on the bottom of the app’s homepage; and begin the account creation and investment journey.
About Jio BlackRock Asset Management Private Limited
Jio BlackRock Asset Management Private Limited (JBAMPL or JioBlackRock Asset Management) is a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock (‘the shareholders’). JioBlackRock Asset Management will seek to combine BlackRock’s global investment expertise and leading risk management technology with JFSL’s digital reach and knowledge of the local market in India. The organisation aims to provide innovative, affordable and easily accessible investment solutions for the people of India.
About Jio Financial Services Limited
Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.
Its digital-first model aims to ensure the holistic financial well-being of Indian citizens by enabling them to borrow, transact, save and invest seamlessly. Through the JioFinance app, customers can access a range of services including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more. JFSL has also entered into a joint venture with BlackRock, the world’s leading provider of investment solutions, to offer asset management, wealth management and broking services in India.
JFSL was originally incorporated as Reliance Strategic Investments Private Limited on July 22, 1999, under the Companies Act 1956. Subsequently, the name of the Company was changed to Reliance Strategic Investments Limited and a fresh certificate of incorporation was issued on January 14, 2002. Thereafter, pursuant to a scheme of demerger with Reliance Industries Limited, the name of the Company was further changed to ‘Jio Financial Services Limited’ and a fresh certificate of incorporation was issued on July 25, 2023. JFSL has been listed on the BSE and NSE since August 21, 2023.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
Sunita Singh
