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PaySense raises $5.3 million from Jungle Ventures, Naspers and Nexus Ventures

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paysense funding, startup, investment, demonetisation, naspers, nexus venture partners, jungle ventures, startupstories, startup stories india, startup stories, POPxo partners Ola, Ola Play, HCL Tech partners, ShopClues partners Ministry, firm HCL Technologies, E-commerce company ShopClues, TCS partners Qualcomm, FHI, National Handloom Development

Digital consumer credit platform PaySense announced their Series A round of funding of $ 5.3 million led by Singapore-based firm Jungle Ventures on Thursday. This round saw participation from South African conglomerate Naspers Group and existing investor Nexus Venture Partners, with whom the company had earlier raised a round of investment of $ 2.3 Million in 2015. Prashanth Ranganathan, co-founder, and CEO of PaySense said the funding will be used to enrich the product and build overall core capabilities.

Sayali Karanjkar, co-founder, and COO added that they want PaySense to become a trusted financial partner for the consumers and become the go-to solution for all financial needs. PaySense is available to those customers who do not own a credit card or have a credit rating based on no prior history.

Mumbai-based PaySense, made up of over 40 employees, is a technology and data science company building new financial products for an Indian consumer base. Its products and processes are simple and transparent with a one-time documentation on the mobile app.

The company tied up with India Infoline has distributed loans worth Rs. 30 crore till date to about 1.8 Lakh customers. Started in 2015, PaySense offers personalized and customized loans to its users in nine major cities including Mumbai, Delhi, Bengaluru, and Chennai. PaySense, with electronic documentation and one-time verification, can extend credit to its customers within hours.

Also read: FoodTech Startup HolaChef Raises $5 Million From Kalaari And Others

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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StartupStories - Sunita

Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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Unilever Introduces Innovative Color-Changing ‘Smart Label’ for Dove

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Unilever Introduces Innovative Color-Changing 'Smart Label' for Dove

Unilever has launched a new innovation in personal care with the introduction of a color-changing “smart label” for its Dove Shower Sensor Deep Moisture Body Wash. This limited-edition product, available exclusively in Canada, integrates advanced packaging technology to promote healthier skin habits.

How It Works

The smart label activates when exposed to water temperatures above 41°C, displaying a “VERY HOT” warning. This feature encourages users to lower their shower temperature, helping to preserve the skin’s natural moisture—especially crucial during Canada’s cold winter months1.

A Step Towards Smarter Personal Care

This innovation reflects Unilever’s dedication to combining technology with personal care. Divya Singh, head of personal care at Unilever Canada, highlighted the product’s role in fostering better skin health through intuitive reminders. Singh stated that the sensor supports hydration and empowers consumers to maintain healthier habits confidently1.

Broader Implications

The smart label is part of a larger trend in packaging innovation, offering functionality beyond traditional use. Such advancements not only enhance user experience but also align with Unilever’s commitment to sustainability and digital transformation13.

This launch underscores Unilever’s focus on enhancing everyday products with technology while promoting skin health and environmental consciousness.

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Quick Commerce Set to Boost HUL’s Revenue

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StartupStories

Unilever’s CEO, Fernando Fernandez, is optimistic about quick commerce’s growth in India, predicting it will significantly boost Hindustan Unilever Ltd’s (HUL) revenue. Currently, quick commerce accounts for about 2% of HUL’s revenue, but Fernandez expects this to rise to 10-15% within the next three to four years.

Why Quick Commerce?

India’s unique demographic, with affluent and economically active households living in close proximity, makes quick commerce a logical and profitable channel. The margin mix in quick commerce is also favorable for improving profitability12.

Market Trends

Quick commerce is rapidly expanding in India, with its contribution to ecommerce sales doubling annually. Major players like Blinkit, Swiggy Instamart, and Zepto are driving this growth, driven by consumer preference for convenience over discounts13.

Future Outlook

Fernandez’s strategy aligns with Unilever’s goal to transform its business and meet evolving consumer preferences. Leveraging quick commerce will be key to enhancing HUL’s revenue in India, a crucial market for Unilever

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