In a significant development within the fintech sector, Swedish company Klarna Bank AB, renowned for its Buy Now, Pay Later (BNPL) services, has announced its plans to target an initial public offering (IPO) with aspirations to raise up to $1.37 billion. This marked increase underscores a strategic shift for Klarna, which had earlier aimed for…
In a significant move within India’s burgeoning startup ecosystem, SBI Mutual Fund has acquired a substantial stake in the home services company, Urban Company. This transaction not only underscores Urban Company’s heightened valuation at approximately Rs 15,000 crore but also sets a definitive precursor to its anticipated initial public offering (IPO). As reported by Startup…
In a surprising move with widespread implications for the food delivery sector, Swiggy has announced a new increase in its platform fees, the third such adjustment in just three weeks. This latest revision boosts the fee to Rs 15, reflecting growing pressures on the operational and logistical frameworks underpinning the service. This incremental rise follows…
In the rapidly evolving landscape of cryptocurrency, the CEOs at the helm of the leading crypto companies are increasingly visible and influential figures. According to a recent article published by Startup News titled “Top 10 Crypto CEOs by Net Worth in 2025”, the net worth of these leaders has seen substantial growth, reflecting the expanding…
In a significant move within the semiconductor industry, Tessolve, a subsidiary of Hero Electronix, announced a substantial $150 million funding round led by investment firm TPG. This investment earmarks a pivotal shift for Tessolve, emphasizing not only its innovation trajectory but also its pivotal role in the global semiconductor ecosystem. Established in 2004, Tessolve has…
In a significant development in the burgeoning used two-wheeler market, Vutto, an online marketplace for pre-owned motorcycles and scooters, has successfully secured a $7 million investment in its recent funding round. The funding underscores the growing investor confidence in platforms that are innovating within the circular economy, particularly in the auto sector. The influx of…
In an era marked by rapid technological progression and economic uncertainties, significant shifts are becoming more apparent in the venture capital landscape, a sector traditionally dominated by an aura of exclusivity and robust financial prowess. Recent developments indicate a potential recalibration of this field, especially in terms of investor attitudes and funding strategies. According to…
In a significant move for the fintech landscape, startup TransBnk has secured a $25 million investment in a funding round led by venture capital firm Bessemer Venture Partners, with participation from other top-tier investors. This development, as reported by Startup News, illustrates the growing confidence in innovative banking infrastructure solutions aimed to revolutionize financial services….
In what could be a brewing legal battle, Trump Mobile, the telecommunications arm reportedly connected to former U.S. President Donald Trump, is under scrutiny for its advertising practices which allegedly use images from tech giants Samsung and Apple without authorization. The details emerged from an article published on August 22, 2025, by Startup News FYI,…
In a significant development in the tech industry, employees at OpenAI are reportedly looking to offload approximately $6 billion in company stock. According to the startup news outlet Startup News FYI, a substantial number of staff members at OpenAI are seeking buyers for their shares, with SoftBank among the potential acquirers. This move illustrates a…
