Vipul Gupta

We are looking to make a significant move at Zaggle. We are expanding beyond our stronghold in B2B to enter the consumer fintech ecosystem. We are in advanced stages to acquire Rio (pending execution of definitive agreements), a Bengaluru-based fintech startup specialized in UPI payments and co-branded consumer credit cards. Why this matters? Rio’s expertise will enable us at Zaggle to offer credit cards to our existing 3.2 million+ users already connected through our 3,400+ corporate clients. This is not just an extension of our product line, it’s a strategic milestone that marks our entry into the rapidly growing consumer credit card space via UPI. Rio brings deep expertise in UPI solutions and consumer credit cards, with differentiated product offerings. This move aligns with our vision to drive stronger loyalty, engagement and value for millions in our ecosystem. While the transaction is subject to final agreements and conditions precedent, our intent on direction is clear. We are excited about unlocking new opportunities and delivering innovative financial solutions that meet real consumer needs. Link to full article in the comments below.

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🚨 Breaking: IRCTC is now a fintech. RBI just gave IRCTC iPay the green light to be a Payment Aggregator. Yes — the same IRCTC that made us refresh 17 times to book a tatkal ticket… will now compete with PayU, Razorpay. But with Indian Railways vibes. 🚂💳 Why the move? Because payments = money. Why RBI said yes: 1️⃣ Built-in traffic – 66M+ registered users. Millions of transactions daily. Zero customer acquisition struggle. 2️⃣ Nationwide reach – Metro to Tier-4 towns. IRCTC’s footprint is unmatched. 3️⃣ Govt-backed trust – In a world where fintech licenses get yanked, PSU stability is RBI’s comfort blanket. 4️⃣ Fits India’s playbook – RuPay, UPI, ONDC… and now IRCTC Payments. All “Made in India”, all on homegrown rails. From tickets → catering → tourism → now fintech… IRCTC isn’t just moving people. It’s moving money. If they pull this off, IRCTC could own one of the largest captive transaction ecosystems in India. Would you trust IRCTC with your payments… given its loading screen history? #IRCTC #Fintech #RBI #DigitalPayments #UPI #India #DecodeFintechWithPoojaKanodia

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Weaver Services raises $170 million from Lightspeed, Premji Invest and Gaja Capital Housing finance platform Weaver Services has raised $170 million (around Rs 1,450 crore) in a round led by Lightspeed and Premji Invest with participation from Gaja Capital, as it looks to tap into the growing demand for the affordable housing segment with a focus on self-employed individuals. Moneycontrol was first to report about Lightspeed and Premji Invest leading Weaver Services' large-ticket fundraise, exceeding $140 million, on July 28. The investment will accelerate Weaver's asset acquisition, fund technology development, and expand reach across tier-2 and tier-3 cities where the affordable housing gap, as per the company, is the most acute. The company, which has already acquired Capital India Housing Finance for Rs 267 crore, will acquire more companies as it looks to scale its loan book and capture a larger share of the market. “We aim to make housing finance more accessible to the people of India by leveraging technology and placing customers at the centre of our focus thereby bringing in a new paradigm in the space,” said Satrajit Bhattacharya, Founder and Vice Chairman of Weaver Services.Satrajit Bhattacharya Bhattacharya is an industry veteran with three decades of experience at HDFC Ltd. As part of his relationship with the bank, its former chief Keki Mistry also has invested some money in the company, Moneycontrol had reported earlier. by Tushar Goenka https://lnkd.in/g-X4d644

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If you've been having trouble paying your Zomato bills through Simpl lately, here's what happened: the RBI has ordered Simpl to stop all payment operations immediately. Unlike most major BNPL players who have NBFC licenses (either their own or partnering with one), Simpl was operating without one. Simpl positioned itself as a payment utility. A digital "khata" or dues ledger—rather than a traditional lender. RBI has simply interpreted it as if Simpl is running a payment systems with clearing and settlement functions then it should do so with a proper Certificate of Authorisation under the Payment and Settlement Systems Act. However, this time it wasn't a warning or a request to get licensed—it was an order to halt operations with immediate effect. This move reflects the RBI's broader push to eliminate regulatory grey areas in fintech. With the new Payment Aggregator Master Directions 2025, the message is clear: whether you're lending money or processing payments, proper licensing is non-negotiable. The regulatory landscape is tightening indeed, and compliance needs to be the foremost priority. #fintech #RBI

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Two years ago Open Network For Digital Commerce (ONDC) began changing the face of food delivery and e-commerce. At Grip Invest we are excited to now leverage ONDC's tech stack with Cybrilla to introduce #MutualFunds at Grip (link to article by Fortune India in comments). Why did Grip Invest, which offers upto 14% fixed returns via Bonds & SDIs, launch Debt Mutual Funds on its app? With the recent interest rate cuts by RBI, for every 1 lakh in your bank savings account or fixed deposit, you are losing 3,500 annually. The most common justification - a bank account is safe and fully flexible. While absolutely correct, these features are no longer exclusive to bank accounts. Lets take a look at the liquid fund offered by ICICI Prudential AMC Ltd   🛡️ Credit rating: All bonds are AAA rated; most are bonds of large banks 🇮🇳 ~20% allocation to Govt of India bonds  🔓 No lock-in 📈 1 year historical return of ~7%  ✅ INR 99 as minimum investment   Incredibly safe, completely flexible and nearly double the returns of your savings account. As India's one-stop platform for fixed-returns we wanted to make sure you now can understand and access this option seamlessly. Aashish Jindal Vivek Gulati Aashish Jindal Reema Arora Ankit Dokania Nisha Pokhriyal Kshitij Mohan Agarwal Kishor Kumar Vivek Verma

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