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The National Payments Corporation of India has pushed back the introduction of a merchant discount rate on select UPI person-to-merchant transactions until after Diwali.
Sifted has identified five Luxembourg-based startups that have moved beyond early traction into rapid growth, marking a shift for the country’s startup ecosystem.
AI startup Sarvam is in discussions to raise $300 million at a valuation that could reach $3 billion, nearly double its current level, according to the Economic Times.
Vienna-based construction technology startup reebuild has secured €3 million in seed funding to expand its AI-powered back-office automation platform for construction and real estate companies.
Indian fintech funding appears to have risen in the first nine months of 2025, with reports suggesting a 14% increase alongside a significant drop in deal volume.
Semiconductor startup Ubitium has raised $14 million in seed funding to develop a universal processor for autonomous machines and other physical AI applications.