🇮🇳 Roundup: Flipkart co-founder’s fintech firm gears up for IPO

Startups in India, including Polygon, Mudrex, Kofluence, Anveya Living Private, and Rucept, have raised at least US$461.6 million in funding over the past day from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today

Flipkart co-founder’s fintech firm gears up for IPO

Fintech firm Navi has reportedly been converted into a public entity – a requisite for companies aiming to list on the stock exchange.

Launched in 2018 by Flipkart co-founder Sachin Bansal, Navi provides services such as personal and home loans, health insurance, and more.

However, financial details, including the deal size of the IPO, have not been disclosed yet.

Pine Labs acquires payment firm Qfix

Founded in 2015, Qfix provides cloud-based solutions to facilitate integrated payments and billing services to multiple sectors.

Qfix has onboarded more than 5,000 merchants across educational institutions, governments, and others. HDFC Bank is the company’s lead distribution partner.

The acquisition is part of Pine Labs’ foray into the online payments space. The company currently offers three payments-focused services: Plural Gateway, Plural Checkout, and Plural Console.

SuperGaming names WazirX co-founder as advisor

Siddharth Menon, co-founder and COO of cryptocurrency exchange WazirX, will work with the five-year-old Indian game developer to push its crypto platform and other Web3 initiatives.

SuperGaming has released popular games such as MaskGun and Silly Royale. The company is also developing Indus, an India-themed battle royale game for PC, consoles, and mobile.