Month: June 2026

Indian clean-label food brand Anveshan has raised ₹150 crore ($15.7 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India, with participation from the International Finance Corporation (IFC)—a member of the World Bank Group—Swiggy co-founder Sriharsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital, Force Ventures, and boAt founders Aman Gupta and Sameer Mehta.

Insurance behemoth Life Insurance Corporation of India (LIC) is actively considering a strategic foray into the fintech space as part of its broader digital transformation push, Chairman and CEO R. Doraiswamy announced on May 31, 2026 .

The state-owned insurer, which manages assets worth over ₹59 lakh crore and holds a dominant 60% market share despite competition from 25+ private players, is evaluating two distinct paths: establishing its own fintech arm organically or making strategic investments in existing fintech startups .