- RQD Clearing has raised $74M in a Venture round led by Bain Capital Tech Opportunities with participation from ABN AMRO Clearing Bank and Nyca Partners.
- Icon has raised $30M in a Venture round led by Founders Fund.
- NIIF has raised Rs 19,000 Cr as the first close for its Rs 30,000 crore Infrastructure Fund II, with participation from various financial institutions.
- Zomato has announced a ban on imitation cheese and paneer, implementing a zero-tolerance policy for non-compliant restaurants.
- The government has notified the Rs 1,27,500-crore Semicon 2.0 scheme to enhance India's semiconductor capabilities.
- Koxa has raised $8.7M according to a recent SEC filing, with eighteen investors participating.
- Swissclear Global has raised $900K in funding according to a recent SEC filing, with a total offering of $3M.
- DocPharma has raised $2M in a Pre-Series A funding round led by Equentis.
- YOGa Clean Air has raised Rs 20 Cr in a funding round led by Info Edge Ventures.
- PhonePe has launched UPI 123Pay for feature phone users, enabling UPI payments without an internet connection.
- MapmyIndia and ClarityX have launched Geo-FI, a geo-intelligence stack for the lending sector.
- Paisabazaar reports that AI now generates 86% of new code on its platform.
- Appinventiv has launched AspireHub, a free workspace initiative for early-stage AI startups.
- Dreamtime Learning has launched Dreamtime AiQ, an AI platform for schools.
- Tiger Analytics has been named an OpenAI Select Partner within the OpenAI Partner Network.
- DashLoc has launched DashDesk, an AI-powered customer support platform.
- Salesforce is expanding Headless 360 as part of its evolution towards an agentic AI platform.
- ARC is partnering with Qualcomm to develop next-generation gaming devices.
- PaySprint has launched SprintPGx, an AI-powered multi-payment gateway platform.
- NetApp has been recognized as a Leader in the 2026 Gartner Magic Quadrant for enterprise storage platforms.
RQD Clearing, a cloud-native platform, has raised $74M in a round led by Bain Capital Tech Opportunities. Founded in 2021, it has now secured a total of $84M in funding.1
Meanwhile, Icon, a UGC ad production platform, raised $30M led by Founders Fund. Founded in 2024, Icon focuses on creating brand-ready short-form video ads.2
In significant financial news, the National Investment and Infrastructure Fund (NIIF) has raised Rs 19,000 crore as the first close for its Rs 30,000 crore Infrastructure Fund II, with backing from the Indian government and various financial institutions.3
On the consumer front, Zomato has implemented a strict policy against the sale of analogue cheese and paneer, emphasizing food safety and compliance among its listed restaurants.4
Additionally, the Indian government has launched the Semicon 2.0 initiative, a Rs 1,27,500 crore plan aimed at enhancing the country's semiconductor capabilities, covering everything from manufacturing to talent development.5
“RQD Clearing's total funding now stands at $84M since its 2021 founding, while Koxa's $8.7M round included 18 investors. Separately, PhonePe's UPI 123Pay will be pre-bundled on Nokia, HMD, Lava, and Itel devices, and Paisabazaar reports AI generates 86% of its new code.”
AlleyWatch
/entrackr/media/media_files/2026/08/31/phone-pe-2026-08-31-16-59-13.png)
