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UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global

EntrackrEntrackr · 2m ago
UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global
Medial

UK-India cross-border VC firm Pontaq has secured a Rs 10 crore investment from Navyug Global for its India-focused fund. The proceeds will be used to fund over 10 deep-tech startups in the cleantech and fintech sectors, Pontaq said in a press release. Navyug Global’s commitment as a Limited Partner (LP) reinforces confidence in Pontaq’s investment strategy and track record, supporting the firm’s ongoing fund expansion to back innovative startups in deeptech, sustainability, and frontier technologies across India and the UK. Pontaq’s India Fund focuses on early-stage investments across deeptech, AI, climate tech, and enterprise solutions, helping startups scale across geographies. Pontaq is a cross-border venture capital firm operating across the UK–India corridor, with investments spanning the US and Canada. The fund backs high-impact technology ventures in sectors such as cleantech, healthtech, fintech, and deeptech, with a strong focus on scalable innovations that create economic, social, and environmental impact. Beyond capital, Pontaq provides hands-on mentorship, strategic guidance, and global market access, enabling startups to scale rapidly and deliver transformative solutions across geographies.

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Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax

EntrackrEntrackr · 14d ago
Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax
Medial

Pontaq Ventures has invested Rs 5.5 crore (around $660K) in two Indian deeptech startups, Dweepi and Edgehax. The capital will support product development, tech expansion, and enterprise deployment as both companies scale in India and global markets. This marks Pontaq’s second round of investment in both startups. Headquartered in Chennai, Pontaq has backed more than 190 startups, including over 140 DeepTech ventures across India and the UK. The firm invests in AI, IoT, edge computing, robotics, enterprise automation, and other frontier technologies while offering portfolio companies market access and strategic support across cross-border corridors. Dweepi builds robotic track-inspection systems for railways. Its platform uses automation and AI to scan tracks and support predictive maintenance workflows for safety-critical infrastructure operators. Edgehax develops Edge AI computing platforms that integrate compute, connectivity, and storage into modular systems. The company works with enterprises to power real-time automation, AI workloads, and distributed intelligence at the edge. The investment will be used by Dweepi and Edgehax to strengthen engineering teams, expand deployments, and enhance technology stacks to target broader enterprise adoption. Pontaq operates across the UK–India corridor with additional exposure to the US and Canada. The fund backs companies across clean tech, health tech, fintech, and deep tech, and provides access to global markets along with hands-on operational guidance.

EximPe secures RBI PA-CB in-principle licence

EntrackrEntrackr · 4m ago
EximPe secures RBI PA-CB in-principle licence
Medial

Snippets EximPe secures RBI PA-CB in-principle licence EximPe, a cross-border payment startup, has secured the Reserve Bank of India’s (RBI) Payment Aggregator Cross-Border (PA-CB) In-Principle licence (export and import). According to EximPe, this makes the company one of the first to receive this new regulatory authorization without any existing payments licences. With this licence, it plans to enable compliant cross-border pay-ins and pay-outs for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets. The PA-CB licence will significantly enhance the company’s ability to facilitate seamless cross-border payments and simplify compliance for businesses engaged in international trade. The licence will enable the startup to transition from a technology platform enabling cross border payments to being able to provide a fully regulated cross border infra play. Founded in 2021 by Arjun Zacharia, EximPe is an all-in-one platform that provides real time rate booking, compliance, and trade documentation for businesses. The company serves a range of businesses who trade or sell services globally. The Mumbai-based company had previously raised $3.5 million in Series A round from Leo Capital and others. “With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India-Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026,” said Arjun Zacharia, CEO and founder of EximPe. The platform claims to have already processed over $450 million in transactions and serves more than 5,000 SMEs, manufacturers, and service providers. It aims to further strengthen its position as a leading cross-border payment infrastructure provider by expanding its capabilities with this new licence.

Razorpay secures RBI’s cross border license

EntrackrEntrackr · 6d ago
Razorpay secures RBI’s cross border license
Medial

Razorpay secures RBI’s cross border license Razorpay has received the payment aggregator cross border (PA–CB) license from the Reserve Bank of India. This authorisation allows the company to facilitate both inward and outward cross-border payments under full regulatory oversight. With the new license, Razorpay will support exporters, SaaS companies, freelancers, D2C brands, and global companies operating in India. Razorpay’s international payments stack is used by companies such as Airbnb, Agoda, Shopify, Klook, and Hostinger. The cross-border business is growing at 40% year-on-year. Razorpay International Payments enables Indian businesses to accept payments in more than 130 currencies through cards, wallets, and local bank transfers. The platform provides optimised payment flows with a reported 95% success rate for international transactions. For global companies entering India, Razorpay offers a single integration that enables UPI, RuPay, EMIs, netbanking, and over 100 local payment methods. Companies can go live in India without creating a local entity. The platform supports INR-based pricing, OTP-led checkout, and India-based customer support. The company has raised more than $741 million from investors including Lightspeed, Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Peak XV Partners, Ribbit Capital, Matrix Partners, Salesforce Ventures, and Y Combinator. With this, Razorpay joins the list of few payment fintech companies in India authorized to offer all three key payment capabilities under a single infrastructure. Last month, Easebuzz, PayU and Pine Labs also received integrated authorisation from the Reserve Bank of India (RBI).

Sequoia and Greylock lead $50 Mn round in Aspora

EntrackrEntrackr · 5m ago
Sequoia and Greylock lead $50 Mn round in Aspora
Medial

Aspora, a cross-border financial technology company formerly known as Vance, has raised $50 million in a Series B funding round co-led by Sequoia and Greylock. The round saw participation from Hummingbird, Quantum Light Ventures, and Y Combinator. According to Aspora, it has raised over $99 million in funding to date, and the current round values the company at $500 million. Aspora is a global fintech firm focused on cross-border money transfers for non-resident Indians (NRIs). The platform provides remittance services with Google exchange rates. It enables transfers from five countries, including the UK, UAE, and Germany, and claims to have processed over $2 billion, saving users more than Rs 150 crore ($17.5 million) in foreign exchange fees. According to Aspora, it is regulated by the Financial Conduct Authority (FCA) in the UK and works with banks governed by the Reserve Bank of India (RBI). Founded in 2022 by Parth Garg, Aspora was part of Y Combinator’s Winter 2022 batch and recently underwent a rebranding exercise. The company raised $5.8 million in its seed round led by Hummingbird Ventures with participation from Global Founders Capital, Y Combinator, Soma Capital and angels such as Alan Rutledge and Gokul Rajaram.

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