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Funding news

35North India Discovery Fund-II (IDF-II) invests in Nukleus 

SEBI accredited venture capital firm 35North’s India Discovery Fund-II has invested an undisclosed amount into co-working and managed office spaces startup, Nukleus Office Solutions. 

India Discovery Fund-II is an early stage growth fund who portfolio includes a range of companies across various sectors like Global Care, Cloud Tailor, Stupa Analytics, and Big Bang Boom Solutions. 

“We are extremely thrilled to have a SEBI accredited VC Firm, 35North’s investing with us and backing us on our mission to create personalized workspaces for everyone. We look forward to even more exciting times ahead and thank the firm for being a Partner for Nukleus in its growth journey,” Nipun Gupta, founder of Nukleus said. 

PayU partners with Mastercard to launch new solutions on Subscription Multiplier

Financial services provider PayU on Friday launched new solutions on Subscription Multiplier with cross border support and cross-border Issuer Authentication Solution at the Global Fintech Festival 2024. 

The company will initially launch these solutions with Mastercard and later extend these offerings to other major networks. 

PayU said that these solutions aim to secure and streamline international transactions. 

“At PayU, we are dedicated to removing barriers in global payments through continuous innovation and a strong focus on customer centricity. Our subscription multiplier and cross-border issuer authentication solutions are thoughtfully designed with the needs of the payments’ ecosystem in mind, providing essential tools for success in the global marketplace. By prioritizing security and convenience, we ensure that our solutions not only drive industry advancements but also deliver exceptional value and experience to our customers,” said Manas Mishra, Chief Product Officer at PayU. 

Other news

NPCI, IRCTC, and CoRover launch conversational voice payment for UPI

NPCI, IRCTC, and conversational AI platform CoRover, on Friday, unveiled conversational voice payment for Unified Payments Interface (UPI) at the Global Fintech Fest. 

The feature will allow customers to complete transactions by using their voice or typing in their UPI ID or mobile number which the system will automatically process and initiate payment requests. 

It also provides customers the option to update their mobile number or UPI ID within the transaction time limit. 

“What’s the natural way to interact? The natural way is that we see and talk, so why should technology not talk? In this pursuit, with the help of NPCI and IRCTC, you will now be able to talk to Disha and ask her to get your ticket booked, including payment. It is just a start; you will see everything, even hardware products talking,” said Ankush Sabharwal, CoRover.ai’s Founder and CEO. 

(This article will be updated with the latest news throughout the day.)