Author name: BNW News

RBI Governor Shaktikanta Das
Banking

RBI MPC Minutes; Increasing divergence in growth assessments, says Madhavi Arora of Emkay Global

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Continued moderation in core inflation was unanimously recognized, but the possibility of higher food prices spilling over to core remains a key concern. Real rate concerns raised their head again, but have not yet become the prevalent view among most committee members. Going forward, the RBI is likely to continue stressing on being ‘actively disinflationary’ and maintain a wait-and-watch mode to assess multiple macro forces, both domestic and global.

Startups

Wealthtech platform InvestorAi raises Rs 80 crore in Series A from ace investor Ashish Kacholia and associates

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AI-powered equity investment platform InvestorAi on August 22 announced that it has raised Rs 80 crores in a Series A round from well known investor Ashish Kacholia, Founder, Lucky Investment Managers and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction.

Banking, Startups

TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion

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The round was led by 8i Ventures, the early-stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, among others. The round was co-led by Accion Venture Lab, a global impact investor backing early-stage fintech startups that expand financial access worldwide. The round also saw contributions from GMO Venture Partners, Ratio Ventures, Force Ventures along with a prominent group of family offices, institutions, and angel investors.

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