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Google Launches Payments Platform Tez in India

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Google Launches Payments App,Google Launches Tez,Google Tez Payments,Tez Payment App,Tez App,Latest Business News 2017,Startup Stories,Latest Technology News and Updates

Google has finally launched their payments platform Tez in India after several days of speculation and leaks. This Google marketplace app will let users link their phones to their bank accounts to pay for goods in physical stores, online purchases and for person to person money transfers.

This app will be launched today, on the App Store for iOS devices and the PlayStore for Android devices. The search engine giant has partnered with multiple banks such as Axis Bank, HDFC Bank, ICICI and State Bank of India, through the government backed Unified Payments Interface (UPI.) This online payments app will also support multiple languages like English, Hindi, Bengali, Gujarati, Kannada, Marathi, Tamil and Telugu for India’s fragmented and diverse market. Along with banks, large chains like Dominos, RedBus, PVR Cinemas, Dish TV and Jet Airways, among others will also collaborate with the app as the official online payments partners.

Users will only have to enter their bank account number to verify their ownership by quickly sending a text message from their registered phone number through the app’s interface.The verified users can then start making payments and transactions by adding a UPI PIN to their account. Registered Tez users can also request and pay money to friends who use the app. The limit for money transfers for users is capped at Rs. 1,00,000 per day and 20 transactions are allowed each day.

TechCruch reported Google might also have a wider strategy to expand their payments platform to other regions. The company has reportedly also trademarked the name in other Asian countries like Indonesia and the Philippines. The global technology giant previously released two similar payments applications on its market space called Google Wallet and Android Pay. Both the apps failed to make their mark in the competitive digital payments space. This Indian app Tez will challenge the present digital payment dominators like Alibaba backed Paytm and MobiKwik.

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₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide

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Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.

The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.

This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.

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Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026

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StartupStories

Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.

These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.

For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.

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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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StartupStories

Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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