Fintech’s Second IPO Wave: This Time, It’s About Profits

Source: inc42

Fintech’s Second IPO Wave: This Time, It’s About Profits

Business

A new wave of Indian fintech startups, including Fibe, Moneyview, and PhonePe, is preparing for IPOs, marking a shift toward a more mature sector. Unlike the 2021 cycle, current investors prioritize sustainable profitability, disciplined valuations, and diversified revenue streams over rapid growth. These companies are now evaluated as financial services businesses, focusing on execution, governance, and the ability to compound earnings profitably within a tighter regulatory environment.

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Revolut confirms customer data breach through fake government requests

Startups

Revolut said it notified affected customers and alerted the relevant government agency, law enforcement, and financial regulators.

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WestBridge-Backed Way2News Restrained From Using AppsForBharat’s Confidential Data

Business

A Bengaluru commercial court has temporarily restrained hyperlocal news startup Way2News from using confidential information and intellectual property belonging to.

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BRICS should help 100 startups scale across member markets every year: PM Modi

Startups

Prime Minister Modi urged BRICS nations to help 100 startups expand into member markets annually. He also tasked the BRICS Business Council with identifying top trade barriers and facilitating 1,000 new business partnerships yearly. India, with its robust startup ecosystem, aims to drive innovation and has proposed a BRICS Incubator Network and Startup Innovation Fund. The expanded 11-nation BRICS group seeks deeper economic ties, with Iran advocating for national currency use and simplified trade.

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Zomato Starts Charging Cash-On-Delivery Customers Up To ₹21 Extra

Business

Eternal’s food delivery arm Zomato has begun charging an additional ‘Pay on delivery’ fee on some cash-on-delivery (COD) orders, with.

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NPCI’s FY26 Profit Drops 32% YoY To ₹989 Cr As Tax Outgo, BHIM Loss Surge

Business

The National Payments Corporation of India’s (NPCI’s) consolidated net profit fell 32.4% to ₹989.4 Cr in the financial year ended.

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New ecommerce rules could add compliance load for small sellers, say industry experts

Startups

The new disclosure parameters will be difficult to met by small and unorganised players while it may favour the larger entities.

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Airtel bats for sovereign stack to process data from India

Startups

According to Airtel it would be incorrect to equate local data residency with data sovereignty as it is about controlling the data with a sovereign technology stack.

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Flipkart Minutes records 4X YoY growth with presence in 150 cities

Startups

Gen Z has emerged as the fastest-growing customer cohort on Flipkart Minutes, with the customer base growing nearly 5X year-on-year in the past twelve months.

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From Pixxel To Swish — Indian Startups Raised Over $321.9 Mn This Week

Business

Startup funding activity rebounded back sharply in the second week of September. Between September 7 and September 11, Indian startups.

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Charm, warmth and design: Inside Slohh by Roach and Hilton’s Curio Collection

Startups

In this photo essay, we showcase the Hilton Curio Collections’ first property in India, Slohh by Roach in Bengaluru.

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China’s AI labs siphoned Claude’s intelligence?

Startups

Anthropic’s report reveals that major Chinese AI developers operated illicit proxy networks to harvest Claude’s reasoning capabilities, unintentionally leaking sensitive military, government, and corporate secrets in the process.

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Process and precision: Artisera exhibition showcases contemporary Indian printmaking

Startups

In this photo essay, we showcase artistic highlights from a printmaking exhibition at Bengaluru’s Artisera gallery.

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Mecka AI nears $500M valuation in Sequoia-led deal amid rush for robot training data

Startups

The round for the two-year-old startup is coming together months after Mecka announced its Series A.

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Khosla Ventures is opening a New York office this fall — its first outpost outside Sand Hill Road

Startups

"It's actually allegedly being built out now," said Rabois, who has clearly dealt with a missed construction timeline or two.

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Y Combinator’s Garry Tan wants U.S. open-weight AI labs to ‘distill’ frontier models, too

Startups

Tan argues that frontier models themselves trained on public human knowledge so access to capable AI should be "a form of public good.".

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OpenAI’s feud with mathematicians is only escalating

Startups

Twenty-five leading mathematicians signed an open letter arguing that AI labs are threatening their intellectual work.

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One week left to book your exhibit table at TechCrunch Disrupt 2026

Startups

Only one week left to secure your exhibit table. Tables are limited and can sell out before the September 18 deadline.

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Final, final, final call for TechCrunch Disrupt 2026 Side Events

Startups

The absolute last chance to apply to host an official Side Event during TechCrunch Disrupt 2026 is tonight, September 11, at 11:59 p.m. PT.

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Accel Offloads ₹156 Cr Stake In BlackBuck Via Block Deal

Business

Early backer Accel India yesterday sold 27 Lakh shares of logistics giant BlackBuck via an open-market transaction for ₹155.5 Cr.

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Kimi-maker Moonshot AI targets $2 billion in annual revenue

Startups

While K3's usage figures have declined slightly in recent months, OpenRouter data currently shows as many as 300 billion tokens being generated each day by K3 models on the system.

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