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Existing investor Xponentia Capital also participated in the funding round. The new round of fundraise should be enough for the company to grow for the next 12-18 months without the need for a fresh equity round, said Yogi Sadana, founder of Zype.
The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.
Amazon has introduced Nova Act, a new AI model designed to handle browser-based tasks such…
OpenAI CEO Sam Altman has praised the pace of AI adoption in India, saying it…
On Tuesday, OpenAI launched a new image generation feature in ChatGPT. According to the AI company,…
New Delhi [India], March 4: Unlike conventional water bottles that simply store and dispense water,…
From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to…
Meta Platforms will face fresh lawsuits in Japan over advertisements that fraudulently solicited investment funds…