🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
RBIH looks to tap Rapido, Swiggy, Amul data for UPI-like lending platform, says CEO Rajesh Bansal
Economic Times
·
7m ago
Medial
The Reserve Bank Innovation Hub (RBIH) is collaborating with data-rich aggregators and farmers' collectives to develop the Unified Lending Interface (ULI) platform. RBIH has approached companies like Namma Yatri, Rapido, Swiggy, Zomato, and Amul for building the platform and is also exploring collaboration with Google Pay and other entities. The ULI platform aims to enable consent-based transfer of customers' financial and non-financial data to lenders, accelerating credit appraisals. The platform has been integrated with DigiLocker and GSTN, and several states have unlocked their land record data for the platform. The platform is expected to transform lending by reducing appraisal time and simplifying technical integrations.
View Source
1
Related News
Fintech startup Navi looks to launch new products; tap credit opportunities around UPI
Economic Times
·
1y ago
Medial
Fintech startup Navi, founded by Sachin Bansal, is planning to update its Unified Payments Interface (UPI)-based payments system and explore opportunities related to credit on UPI. Bansal expressed his interest in changing the way users interact with UPI through new product offerings on Navi. The National Payments Corporation of India allows credit transactions through UPI via RuPay credit cards or pre-sanctioned credit limits. Navi, initially a consumer lending platform, now offers larger personal loans, secured credit options, insurance broking, and asset management services. Despite competition, Google Pay and PhonePe hold a significant share of the UPI payments market.
View Source
Rapido likely to run food delivery pilot in Bengaluru soon
Economic Times
·
3m ago
Medial
Bike taxi platform Rapido plans to launch a food delivery pilot in Bengaluru, targeting large restaurant chains like McDonald's and KFC with a focus on short-distance deliveries. The WestBridge Capital-backed company will use a subscription model, charging restaurants a fixed fee and per order delivery fee, aiming to tap into a lower average order value market compared to Zomato and Swiggy. Rapido seeks new growth areas, entering the food delivery sector amidst its decelerating growth.
View Source
Navi to bring a new angle to UPI, says founder Sachin Bansal
The Arc Web
·
1y ago
Medial
Navi Technologies, the fintech startup launched by Flipkart's co-founder Sachin Bansal, is planning to launch its unified payments interface (UPI) in the coming months. With dominant players like PhonePe and Google Pay in the UPI market, Navi aims to bring a new angle to UPI, although specific details have not been disclosed. Navi has primarily focused on offering personal loans and has seen significant growth in its loan book over the past 18 months. Bansal also mentioned plans to expand partnerships with financial institutions. Navi is waiting for regulatory approval to reapply for a banking license after selling off its microfinance business.
View Source
No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times
Economic Times
·
18d ago
Medial
Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.
View Source
Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt round - The Economic Times
Economic Times
·
11d ago
Medial
Navi Technologies, founded by Flipkart co-founder Sachin Bansal, raised Rs 170 crore via debt funding, led by PhillipCapital. The fintech firm offers loans, insurance, and UPI services. Despite past challenges with RBI over lending practices, Navi posted strong FY24 results and ranked fourth among India’s UPI apps by transaction volume. The company plans further expansion, supported by previous and ongoing funding efforts, and is valued at around $2 billion.
View Source
Why Sachin Bansal can’t resist building tech in-house to boost Navi's fortunes
Livemint
·
1y ago
Medial
Sachin Bansal, co-founder of Flipkart, is building Navi Technologies, a fintech startup, with a focus on providing finance solutions to the masses and small businesses in India. Bansal is opting to build most of Navi's technology stack in-house, including large language models, chatbots, and lending management systems. By leveraging technology and developing their own platforms, Navi aims to reduce costs and create new ways of delivering financial services. With the Indian fintech sector growing rapidly, Navi is positioning itself to tap into this opportunity. Navi has also acquired several companies and is planning to go public in the near future.
View Source
Rapido eyeing food delivery ops pilot in Bengaluru by next week - The Economic Times
Economic Times
·
1m ago
Medial
Rapido plans to pilot its food delivery service, Ownly, in Bengaluru's Koramangala, HSR, and Sarjapur areas, targeting ten cities by next July. The company aims to undercut competitors Zomato and Swiggy on commissions, collaborating with restaurants for data access and pricing strategies. Rapido intends to focus on sustainable growth and early learnings, offering lower commissions and unique pricing, while facing industry challenges regarding costs and competition from established players.
View Source
Navi Overtakes CRED To Become Fourth Largest UPI Player
Inc42
·
8m ago
Medial
Sachin Bansal-led fintech unicorn Navi has become the fourth largest UPI player in India in October. Navi's UPI transactions reached a value of INR 8,841.90 Cr, and the company had 157.51 Mn customer-initiated transactions in October, up from 120.41 Mn in the previous month, surpassing CRED in the process. This information is based on data from the National Payment Corporation of India (NPCI).
View Source
Swiggy-backed Rapido says July-September quarter loss down to Rs 17 cr | The Arc
The Arc Web
·
8m ago
Medial
Rapido, a ride-hailing company backed by Swiggy, announced a decrease in its losses to Rs 17 crore for Q3 2022. The company, which recently became a Unicorn, reported a gross order value of Rs 2,461 crore and operational revenue of Rs 648 crore. Despite a net loss of Rs 371 crore for FY24, Rapido has undergone strategy changes, including entering the cab ride segment and adopting a subscription-based model for its cab and auto business. The company aims to achieve an EBITDA margin of 4-5% in the next two years and operational break-even by the end of 2024.
View Source
NABARD, RBI Join Hands To Ease Digital Agri Lending
Inc42
·
1y ago
Medial
The National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India's subsidiary RBIH have partnered to speed up agricultural loan processing. NABARD will integrate its e-KCC loan origination system portal with RBIH's Public Tech Platform for Frictionless Credit (PTPFC). This collaboration aims to reduce loan approval time from three to four weeks to just five minutes for India's farmers. The integration will provide cooperative banks and rural banks access to various services like digital land records, satellite data, KYC, credit history, and transliteration for more effective credit underwriting. The goal is to scale the digital lending platform to cover around 5 crore KCC loans nationwide.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
