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Optimo Capital raises $17.5 million

Mint New Delhi

|

October 29, 2025

Loan-against-property lender Optimo Capital has raised $17.5 million in a new round of funding led by the startup’s founder Prashant Pitti with participation from existing investors Blume Ventures and impact venture capital firm Omnivore.

- RWIT GHOSH

Alongside the equity raise, the non-banking financial company, or NBFC, has also raised just under $12.5 mill

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Why IPOs are turning founders into promoters

IPO-bound Lenskart's Peyush Bansal says he and other co-founders have been named promoters to ensure \"skin is in the game much longer\". Urban Co., Ather and Bluestone had done so. What does the promoter tag mean, and what is driving this change? Mint explains:

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2 mins

October 29, 2025

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March of foreign universities sparks a battle for top faculty

A wave of foreign universities set to wash over India has triggered a scramble for top-tier faculty, boosting salaries and exposing the scarcity of academic talent. Meanwhile, top Indian institutions are fighting to retain their own top teachers.

time to read

3 mins

October 29, 2025

Mint New Delhi

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Skyroot readies India's maiden private rocket launch in January

Three years after India opened up its space sector to private companies, Hyderabad-based Skyroot Aerospace will conduct its first commercial satellite launch in January, becoming the only Indian entity other than Indian Space Research Organisation (Isro) to accomplish the feat.

time to read

2 mins

October 29, 2025

Mint New Delhi

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Is the H-1B visa crisis a blessing in disguise for IT?

Indian information technology (IT) services companies' strategy of servicing US clients from offshore locations to offset the impact of the H-1B visa fee hikefrom $1,000 to $100,000-is boosting their operating margins.

time to read

3 mins

October 29, 2025

Mint New Delhi

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Govt weighs Union Bank-BoI merger to form new No. 2 bank

The government is drawing up a fresh blueprint to merge select public sector banks, said three people aware of the matter, as it aims to scale up such lenders and streamline overlapping operations under banking sector reforms planned over the next few years.

time to read

3 mins

October 29, 2025

Mint New Delhi

Mint New Delhi

Credit card UPI lifts RuPay volume mkt share to 38%

Homegrown credit card network RuPay has quietly wrestled market share from Visa, MasterCard and American Express, leveraging its exclusive access to India's fast payments network Unified Payments Interface or UPI.

time to read

3 mins

October 29, 2025

Mint New Delhi

Mint New Delhi

New Tata-Mistry war likely after Mehli's Trusts ouster

Three oppose Mistry's renewal as permanent trustee, in departure from consensus

time to read

3 mins

October 29, 2025

Mint New Delhi

Sachidanand Upadhyay joins the global business elite

Few Indian business leaders have been featured twice in Time Magazine's notable lists. Visionary entrepreneurs who transformed India's technology and industry landscape have set benchmarks in this league. Managing director of Lord's Mark Industries Ltd. (LMIL), Sachidanand Upadhyay's consecutive entries signal the arrival of a new generation of leadership driven by technology, access, and purpose. This rare honour places him among a select group of global business visionaries, including some of India's most respected industry pioneers who have been featured twice for their contributions to industry and society.

time to read

2 mins

October 29, 2025

Mint New Delhi

Oil India eyes stake in BPCL's refinery in AP

State-run Bharat Petroleum Corp. Ltd (BPCL) is exploring a plan to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil India Ltd (OIL).

time to read

1 min

October 29, 2025

Mint New Delhi

Factory growth eases to 4% in Sep, slowest in three months

Last month's industrial output growth was higher than the 3.1% expansion seen a year ago

time to read

2 mins

October 29, 2025

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