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Time of India
20 hours ago
- Business
- Time of India
Decentro raises Rs 30 crore, plans reverse flip to India
Representative image Bengaluru: Fintech infrastructure startup Decentro has raised Rs 30 crore in a Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing backers such as Uncorrelated Ventures. As part of the move, the company also plans to reverse flip its parent entity from Singapore back to India within the next 12-18 months. The Bengaluru-headquartered API platform, which powers over Rs 50,000 crore in annual payment volumes across over 1,300 clients, said it has turned profitable and will use the new capital to deepen enterprise adoption across KYC, payments and debt collections. Founded by Rohit Taneja and Pratik Daudkhane, Decentro has positioned itself as a backend fintech infrastructure player, powering banking and financial workflows for NBFCs, fintech firms, digital lenders, and banks. 'This fundraise allows us to double down on deep partnerships with enterprise customers and build products that power mission-critical financial flows,' said Taneja. As part of its product expansion, the company has recently rolled out two AI-powered modules – Scanner, a real-time user profiling and risk engine, and Neobot, a multilingual AI voice agent aimed at automating debt collections. Neobot targets India's Rs 10 lakh crore non-performing asset (NPA) burden by providing voice-based recovery support for lenders. The company's payments stack remains its largest revenue contributor. Decentro said the new funds will also be deployed to strengthen its go-to-market efforts across financial institutions. With its planned flip to India, Decentro joins a growing number of fintech startups choosing to domicile locally amid a maturing ecosystem and evolving regulatory landscape. 'We are building not just for India, but from India for global opportunities,' said Daudkhane. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
a day ago
- Business
- Time of India
Fintech startup Decentro raises Rs 30 crore, will shift domicile to India
Y Combinator-backed fintech startup Decentro has raised Rs 30 crore in a funding round led by InfoEdge Ventures . In making the announcement, the company also said it plans to shift its parent entity's domicile from Singapore to India over the next 12 to 18 months. The round saw Stargazer Growth (backed by Groww cofounder Lalit Keshre) and existing investors, including Uncorrelated Ventures, also participate. The fresh capital will be used by the Bengaluru-based company to deepen enterprise adoption and enhance its product capabilities, among other initiatives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise to 50% off Adidas Buy Now Undo Decentro claims to have achieved profitability and built a client base of over 1,300 enterprises, including banks, non-banking finance companies (NBFCs), and fintechs. Founded in 2020 by Rohit Taneja and Pratik Daudkhane, the company offers a suite of application programming interfaces (APIs) across customer onboarding through know your customer (KYC), data intelligence, payments, and debt collections. Live Events 'Our goal has always been to make financial and banking infrastructure simple, secure, and reliable at scale. This fundraise allows us to double down on what's working well; deep partnerships with enterprise customers and building products that power mission-critical financial flows,' said Taneja, who is the CEO of the firm. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'India is where it all started, and we want to make this our long-term base with the eventual flip,' he added. Among Decentro's recent products are a real-time profiling engine called Scanner, and Neobot, a multilingual AI voice agent for automated debt collections. With the decision to relocate to India, Decentro joins a growing list of Indian startups shifting domicile from overseas markets like the US and Singapore as IPO ambitions rise and regulatory clarity improves. The latest fintech company to complete a reverse flip was Razorpay , following Groww, which completed the process in May 2024 and has since confidentially filed for an IPO with the Securities and Exchange Board of India (Sebi). Dream Sports, the parent of Dream11, was the first to complete a reverse flip under the new fast-track framework, as reported by ET on March 4. These updated rules allow foreign holding entities to merge with their Indian subsidiaries without requiring National Company Law Tribunal (NCLT) approval, a process that earlier took months. Other companies that have completed the move include PhonePe and Zepto, while Meesho, KreditBee, InMobi, Udaan, and Pine Labs are expected to follow soon. 'This flip is a strong statement of our commitment to India and our belief in its capacity to foster and scale global financial infrastructure companies. We are building not just for India, but from India for global opportunities,' said Daudkhane.
Yahoo
13-05-2025
- Business
- Yahoo
QT Imaging Holdings Announces $200,000 PIPE Investment
NOVATO, Calif., May 13, 2025--(BUSINESS WIRE)--QT Imaging Holdings, Inc. (OTCQB:QTIH), a medical device company engaged in research, development, and commercialization of innovative body imaging systems (the "Company"), is pleased to announce a private investment in public equities (PIPE) investment of $200,000 in new funding by Mr. Leon Recanati, vice chairman of Israel Cancer Association, investor, and philanthropist. Under the terms of the securities purchase agreement entered into on May 12, 2025, the investors agreed to purchase 205,339 unregistered shares of common stock of the Company at a price of $0.974 per share, together with 205,339 warrants with an exercise price of $1.12 per share. The price per share represents a premium of approximately 10% to the Company's common stock's 5-day volume weighted average trading price on May 9, 2025. The closing of the financing is anticipated to be on or before May 19, 2025, and it was placed directly by the Company, and therefore there are no associated banking fees. The proceeds are aimed solely at providing working capital for the Company as it continues to grow its business. About QT Imaging Holdings, Inc. QT Imaging Holdings, Inc. is a public (OTCQB: QTIH) medical device company engaged in research, development, and commercialization of innovative body imaging systems using low frequency sound waves. QT Imaging Holdings, Inc. strives to improve global health outcomes. Its strategy is predicated upon the fact that medical imaging is critical to the detection, diagnosis, and treatment of disease and that it should be safe, affordable, accessible, and centered on the patient's experience. For more information on QT Imaging Holdings, Inc., please visit the company's website at Breast Acoustic CT™ is a trademark of an affiliate of QT Imaging Holdings, Inc. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology, and include (without limitation) statements regarding the closing of the PIPE, the intended use of proceeds from the PIPE, the filing of a registration statement covering the resale of the securities being sold, and the Company's expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding its future business plans. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. These risks include, but are not limited to: research results from the use of the Breast Acoustic CT Scanner, the ability of QT Imaging Holdings to sell and deploy the Breast Acoustic CT Scanner, the ability to extend product offerings into new areas or products, the ability to commercialize technology, unexpected occurrences that deter the full documentation and "bring to market" plan for products, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, unpredictability of suppliers, the ability to attract and retain qualified personnel and the ability to move product sales to production levels. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of QT Imaging Holding's filings with the SEC, and in its other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to QT Imaging Holdings as of the date hereof, and QT Imaging Holdings assumes no obligation to update any forward-looking statement. View source version on Contacts For media inquiries, please contact:Stas Budagov Chief Financial
Yahoo
24-04-2025
- Automotive
- Yahoo
NASCAR at Rockingham: Key information, links, results throughout race weekend
The NASCAR Xfinity Series and NASCAR Craftsman Truck Series both race at Rockingham Speedway this week. Bookmark this page and come back often for your race-week essentials — from links to qualifying order, average practice speeds, results and more. NASCAR Xfinity Series Race day: Saturday at 4 p.m. ET on The CW. The categories listed below will be filled out with links as the information is available. Advertisement Tires: Seven sets Note: Driver audio won't be available on Scanner this weekend. Entry list Qualifying order Practice Results Practice Lap Averages Practice Lap Times Qualifying Results Pit Stalls Stage 1 Results Stage 2 Results Race Results NASCAR Craftsman Truck Series Race day: Friday at 5 p.m. ET on FS1. The categories listed below will be filled out with links as the information is available. Tires: Five sets Note: Driver audio won't be available on Scanner this weekend. Entry list Qualifying order Practice Results Practice Lap Averages Practice Lap Times Qualifying Results Pit Stalls Stage 1 Results Stage 2 Results Race Results
