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BankSathi, a fintech startup, has become the third-largest credit card issuer in India with 3.6 lakh Annual Recurring Revenue. The company has issued 3 lakh credit cards as of June 2023, a fourfold increase from the previous fiscal year. The credit card industry in India is expected to grow at a 25% compound annual growth rate and reach 20 crore credit cards by 2026. BankSathi has achieved this milestone by leveraging algorithms and data analytics to provide personalized recommendations and by offering fast credit card approvals within 30 minutes. The company plans to close this financial year...

Electric vehicles (EV) fleet management services startup Bluwheelz and gaming platform Metashot have secured early-stage funding.     Bluwheelz Bluwheelz, which provides EV fleet management services, has raised ......

Lucky Ali Invests $1m in Hyperlocal Content Commerce start-up Knocksense

Swiggy’s outgoing chief technology officer (CTO) Dale Vaz has reportedly raised $7 Mn-$10 Mn for his wealthtech startup. 

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, May 10, 2023.