Infibeam Avenues Limited is set to launch a new payment app, RediffPay, which will place the company in direct competition with popular platforms like PhonePe, Google Pay, Paytm, and MobiKwik. Sources told Entrackr that this move will mark Infibeam Avenues’ entry into the growing Unified Payments Interface (UPI) market. Infibeam’s Acquisition of Rediff.com Last month, Infibeam Avenues acquired a 54% stake in Rediff.com India. This acquisition highlights Infibeam’s strategy to transform Rediff.com into a consumer-facing digital financial services platform. Rediff.com, an established name in the digital space, will serve as the foundation for RediffPay’s launch. The relaunch of Rediff.com will

Momos, an AI-powered customer platform for multi-location brands, has raised $10 million in Series A funding. The company, based in San Diego, CA, and Singapore, provides businesses with advanced tools to improve customer service, experience, and marketing. This latest funding round will help Momos expand its global reach. Key Investors in the Round The $10 million investment was led by 645 Ventures, a venture capital firm that focuses on growing tech companies. Other participants include existing investors like Alpha Wave Global and Peak XV, as well as new investors such as Soma Capital, FJ Labs, Taurus Ventures, and Correlation Ventures.

Epica International, a Landrum, SC-based leader in advanced medical imaging and precision robotics, has successfully secured an $18 million growth capital loan. This new funding will help the company expand its business and develop new technologies for healthcare and manufacturing. Key Details of the Funding The loan was provided by Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P., both of which are part of the Avenue Capital Group. The initial $13.5 million of the loan will be used to refinance Epica’s existing debt and support the company’s growth. This includes expanding its operations and accelerating research

Rotterdam-based Battolyser Systems has raised €30 million in Series A funding to scale its operations and bring its next-generation electrolyser to market by 2025. The funding round was backed by Global Cleantech Capital, Innovation Industries, and Invest-NL. This investment will help the company expand and further develop its innovative technology, which aims to revolutionize the production of green hydrogen. A New Solution for Green Hydrogen Production Battolyser Systems, led by CEO Mattijs Slee, has developed a groundbreaking device known as the “Battolyser.” This integrated battery and electrolyser can store electricity and produce hydrogen from renewable power sources. The ability to

Edtech company Physics Wallah (PW) has raised a whopping $210 million in its latest Series B funding round. This investment was led by Hornbill Capital, with participation from well-known investors like Lightspeed Venture Partners, GSV, and WestBridge. With this fresh round of funding, Physics Wallah’s post-money valuation has skyrocketed to $2.8 billion, more than double its previous valuation of $1.1 billion from its Series A round. During that earlier round, the company had raised $100 million. The company has big plans for this new funding. According to a press release, Physics Wallah will use the money to scale operations and