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Udaan Raises $75M in Series G, Eyes Additional $25M to Accelerate Growth Ahead of IPO

B2B e-commerce unicorn Udaan has secured $75 million in a Series G funding round, backed by long-standing investors M&G Prudential and Lightspeed Venture Partners. The Bengaluru-based startup is also in advanced talks to raise an additional $25 million in equity funding in the next quarter.

The latest capital infusion is set to power Udaan’s next phase of growth, with a sharp focus on enhancing customer experience, expanding market reach, reinforcing strategic supplier alliances, and scaling its logistics and credit infrastructure.

This raise follows Udaan’s $340 million fundraise in December 2023—also led by M&G and Lightspeed—and brings its total funding tally to a robust $1.88 billion.

In a strategic move to streamline operations, Udaan recently received the green light from the National Company Law Tribunal (NCLT) to consolidate all its business units under one umbrella entity, Hiveloop Ecommerce Pvt Ltd. This restructuring comes as the company gears up for a much-anticipated IPO, expected by late 2025 or early 2026.

Financially, the company showed signs of recovery in FY24, clocking a modest revenue uptick to ₹5,706.6 crore while narrowing its losses to ₹1,674.1 crore, down from ₹2,075.9 crore in FY23.

Founded in 2016 by ex-Flipkart leaders Sujeet Kumar, Amod Malviya, and Vaibhav Gupta, Udaan connects manufacturers, wholesalers, traders, and retailers across a wide network spanning over 900 cities in India.

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Finodaya Capital Secures $2.5M to Fuel Microloan Access for Small Indian Businesses

Finodaya Capital, a Madhya Pradesh-based non-banking financial company (NBFC), has raised $2.5 million in seed funding to scale its mission of providing accessible microloans to India’s underserved small business segment. The funding round was led by White Venture Capital, with participation from Gemba Capital and a group of angel investors.

Founded by former ICICI Bank veterans Lokendra Tomar, Abhitabh Dixit, and Neeraj Biyani, Finodaya is focused on delivering secured loans against property to micro and small enterprises. The company plans to deploy a hybrid “phygital” model—merging the reach of digital platforms with the trust of on-ground branch networks—to streamline loan underwriting and disbursement processes.

Finodaya received its official NBFC license from the Reserve Bank of India on April 11, 2025. Building on this milestone, the company plans to launch 15 branches across Madhya Pradesh within the next six months, and is targeting loan disbursements between ₹50 to ₹100 crore by 2026.

Previously, Finodaya operated via a business correspondent partnership with Utkarsh Small Finance Bank. With its NBFC license in hand, the firm is now exploring co-lending tie-ups with other financial institutions to broaden its footprint.

The newly acquired funds will be directed toward expanding operations, strengthening credit assessment capabilities, and accelerating financial inclusion by offering fair and transparent loan solutions to micro and nano entrepreneurs looking to formalize their businesses.

Gunjan Mody Joins IIFL Home Loans as CISO to Lead Cybersecurity Charge

In a strategic move to reinforce its cybersecurity infrastructure, IIFL Home Loans has appointed industry veteran Gunjan Mody as its new Chief Information Security Officer (CISO). With over two decades of experience in information security, risk governance, and cyber resilience, Mody steps into the role at a time when digital trust is more critical than ever in the financial sector.

A seasoned professional with a proven track record, Mody was previously the CISO at PNB Housing Finance, where he built the cybersecurity function from scratch. His tenure was marked by the implementation of enterprise-wide security policies, deployment of next-gen cybersecurity tools, and fostering a culture of cyber awareness across the organization.

At IIFL Home Loans, he is expected to lead a comprehensive cybersecurity agenda that spans threat detection, risk management, regulatory compliance, and employee training. His leadership will play a key role in navigating the growing landscape of cyber threats as the company deepens its digital offerings.

In a post announcing his new position, Mody expressed enthusiasm about the opportunity:

“With IIFL Home Loans’ growing digital footprint, the responsibility to safeguard customer trust is immense. I’m excited to work with the leadership to shape a future-ready cybersecurity roadmap and build a robust security culture within the organization.”

Gunjan Mody’s appointment reflects IIFL’s intent to stay ahead of the curve in information security—an area that continues to grow in complexity with the rise of data-driven finance and customer-centric technology platforms.

With certifications in information security management and an academic background in engineering and business leadership, Mody brings a holistic perspective to cybersecurity—blending technology, strategy, and governance.

As financial institutions confront a surge in phishing, ransomware, and data breach attempts, Mody’s arrival signals a timely and necessary step for IIFL Home Loans toward building cyber resilience for the future.

Agentic AI in B2B Marketing: Promise, Performance, and the Pitfall of Poor Data

Agentic AI would be a game-changer in B2B marketing. These autonomous AI agents don’t just assist—they act. They will manage campaigns, write content, do outbound calling to book appointments, and even respond to leads. But as powerful as they are, there’s one truth B2B marketers can’t ignore: Agentic AI is only as smart as the data it’s fed. Bad data in, bad decisions out.

 So, what exactly is an Agentic AI? 

Unlike traditional AI that waits for human prompts, agentic AI operates independently, analyzing data, executing tasks, and optimizing processes on the fly. It brings proactive intelligence to marketing, enabling teams to scale campaigns, personalize outreach, and deliver real-time insights without lifting a finger.

Salesforce’s Agentforce, launched as part of its broader AI vision, exemplifies this. Integrated into its CRM ecosystem, Agentforce allows companies to create tailored AI agents to automate customer interactions, sales follow-ups, and even content deployment. Adobe and PwC have followed suit with AI agents like Brand Concierge and Agent OS, aiming to embed autonomy across marketing workflows.

All this said, there is one big dilemma that all marketers face each day. It’s the Data Dependency Dilemma. As experts say, “You can’t have an AI strategy without a data Strategy.”

These fancy tools get all the attention; however, data is the one who actually does the groundwork. Without clean, structured, and up-to-date data, even the most advanced AI agents can and will falter. They can’t “think” beyond the data they’re given. Feed them outdated lead lists, incomplete customer profiles, or misleading engagement signals, and the output quickly devolves into irrelevance—or worse, reputational damage.

 So, what exactly is the real-world impact of poor data?

Let’s say your CRM contains duplicate contacts, missing job titles, or outdated company names. If an AI agent is tasked with launching an email nurture campaign, it could:

  • Personalize emails with the wrong names or roles.
  • Send content irrelevant to the recipient’s industry.
  • Trigger follow-ups to already closed deals.

This not only kills campaign effectiveness but can erode trust with high-value B2B prospects. In a recent Gartner study, it was found that poor data quality costs organizations an average of $12.9 million annually—and in AI-first operations, that number is likely higher.

As Salesforce’s own success metrics show (5,000 Agentforce deals and $900M+ in AI revenue from its Data Cloud), the engine driving this success is the quality of its underlying data architecture. Agentforce only works well because it pulls from centralized, enriched, and normalized customer data in real time.

Why Data Governance Matters in an Agentic World ?

Agentic AI in B2B is not “plug and play.” For it to truly deliver value:

  • Data integration must be seamless across CRMs, email platforms, social media, and the overall martech stack in general.
  • Data hygiene routines—like de-duplication, validation, and enrichment—must be regular and automated.
  • Human oversight should ensure AI agents aren’t running rogue on bad Assumptions.

Tools like Segment (for customer data infrastructure) or Talend (for data quality management) are becoming critical layers in the AI stack—not just optional add-ons.

The bottom line is Agentic AI is poised to revolutionize B2B marketing—automating workflows, enhancing personalization, and increasing campaign speed and scale. Software has traditionally supported human labor. However, with the emergence of agentic AI — a new wave of AI-powered tools capable of performing tasks autonomously or with minimal oversight — software is evolving from merely assisting labor to increasingly acting as labor itself, aka “Software-as-a-Service.”

But the foundational rule remains: garbage in, garbage out. Feed your AI agents disjointed, inaccurate, or outdated data, and you’ll end up scaling chaos, not results. As companies like Salesforce, Adobe, and PwC embrace agentic AI, the winning formula isn’t just about building smarter agents—it’s about building cleaner, more connected data ecosystems. Because in the end, even the most intelligent AI can’t save a business from its own bad data.

Author: Monil Hathi – Senior Vice President & Global Head of Marketing – Pacific Group of Companies

Disclaimer: The views expressed in this article are solely those of the author and do not necessarily reflect the opinions or policies of ObserveNow Media. The author is solely responsible for ensuring the accuracy, completeness, and validity of the information presented, encouraging readers to independently verify and seek professional advice if needed.

SEBI Rethinks ESG Rules: Relief Ahead for India’s Listed Companies?

India’s market regulator, the Securities and Exchange Board of India (SEBI), will review its ESG (Environmental, Social, and Governance) disclosure rules for listed companies, following feedback from the industry about the increasing compliance burden.

Speaking at an event on Tuesday, SEBI Chairperson Madhabi Puri Buch said that the current requirements, especially those related to supply chain disclosures, may be too demanding for some companies. “We will now take a fresh look at the ESG disclosures and the approach will be more nuanced,” she said.

Currently, the top 1,000 listed companies by market capitalization are required to file Business Responsibility and Sustainability Reports (BRSR). In 2023, SEBI expanded the scope, asking the top 250 companies to include data covering 75% of their supply chains by 2025–26. However, the regulator recently delayed the implementation timeline, acknowledging challenges in readiness.

SEBI’s upcoming review aims to ensure that disclosures are meaningful and not just a box-ticking exercise. The regulator also plans to focus on building capacity among stakeholders to support smoother adoption.

India’s ESG reporting framework is under growing global scrutiny. Earlier this year, Moody’s Ratings placed India in the “high risk” category on environmental and social parameters. SEBI’s reassessment comes at a time when regulators around the world, including in the EU and US, are also re-evaluating ESG frameworks to make them more practical and effective.

The review is expected to begin next month and may lead to revised guidelines that balance transparency with feasibility.

Cashfree Payments Brings in Piyush Anchliya as New CFO to Strengthen Leadership Team

Cashfree Payments, a leading Indian fintech firm, has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, having held senior positions at Barclays and the IDFC/Bandhan Group. Most recently, he served as CFO at Bandhan AMC.​

This appointment is part of a broader leadership restructuring at Cashfree Payments. In recent months, the company has also brought on board Harsh Gupta as Chief Revenue Officer, Nitin Pulyani as Head of Product, and elevated Arun Tikoo to Chief Business Officer and Ramkumar Venkatesan to Chief Technology Officer. These strategic moves aim to strengthen the company’s leadership team as it navigates a competitive fintech landscape and seeks to return to profitability.​

In FY24, Cashfree Payments reported a revenue of ₹642.7 crore, marking a 4.7% increase from the previous year. However, the company’s net loss widened to ₹135 crore, partly due to a Reserve Bank of India directive that restricted new merchant onboarding from December 2022 to December 2023.​

With Anchliya at the financial helm, Cashfree Payments is poised to enhance its financial strategy and operational efficiency, supporting its mission to deliver innovative payment solutions to businesses across the ecosystem.

Karthik Sathuragiri Appointed as Director and Marketing Head for India and South Asia at CrowdStrike

In a significant move within the cybersecurity industry, Karthik Sathuragiri has been appointed as the Director and Marketing Head for India and South Asia at CrowdStrike, a leading cybersecurity firm.

With nearly two decades of experience in B2B technology marketing, Sathuragiri brings a wealth of knowledge and expertise to his new role. His professional journey includes leadership positions at prominent organizations such as Amazon Web Services (AWS), Automation Anywhere, Freshworks, and Akamai Technologies.

At CrowdStrike, Sathuragiri will be responsible for spearheading initiatives across branding, demand generation, partner collaboration, and regional campaigns. His appointment comes at a time when India is intensifying its focus on digital protection, and his expertise is expected to play a pivotal role in advancing CrowdStrike’s mission in the region.

This leadership change underscores CrowdStrike‘s commitment to strengthening its presence in India and South Asia, aiming to address the growing cybersecurity challenges and to support businesses in safeguarding their digital assets.

UiPath and Google Cloud Unveil AI Tool to Accelerate Medical Record Processing

UiPath, in partnership with Google Cloud, has introduced a new AI-driven solution aimed at streamlining medical record processing for healthcare organizations. The tool, unveiled during the Google Cloud Next 2025 conference, promises to drastically reduce the time required to summarize patient data, enhancing clinical efficiency without replacing human expertise.

Leveraging Google Cloud’s Vertex AI and Gemini models, the Medical Record Summarisation agent can generate clinician-level summaries of patient records in just minutes — a task that traditionally takes around 45 minutes. Built with UiPath’s Agent Builder, the tool was developed with direct input from clinical professionals to ensure summaries meet high standards for accuracy and review.

The AI agent focuses on converting large volumes of unstructured medical data into structured formats that integrate smoothly into existing healthcare workflows. Each summary includes traceable data points to support clinical decision-making, aiming to alleviate the administrative burden on healthcare staff.

Early adopters of the tool have reported significant time savings, including reductions of up to 40 minutes per patient referral and nearly 50% faster turnaround for prior authorisations. These efficiencies could transform key operational areas such as referral intake and approval processes.

The summarisation agent also incorporates retrieval-augmented generation (RAG) technology, allowing it to access and utilize real-time data for enhanced contextual accuracy — a critical feature in the complex landscape of medical documentation.

UiPath emphasized that the tool is designed to assist, not replace, healthcare professionals, reflecting a broader shift toward AI augmentation in the sector. The solution is currently available in private preview.

Microsoft Pauses $1 Billion Ohio Data Center Project Amid Evolving AI Infrastructure Strategy

Microsoft is pressing pause on several data center construction initiatives, including a $1 billion project in Licking County, Ohio, signaling a recalibration of its infrastructure plans as AI demand moderates. The move marks a notable shift after a period of rapid expansion driven by the generative AI boom.

The tech giant confirmed it has halted early-stage development at two of three sites on rural land it owns outside Columbus, with those parcels now set aside for farmland. “In recent years, demand for our cloud and AI services grew more than we could have ever anticipated,” said Noelle Walsh, President of Microsoft’s Cloud Operations, in a LinkedIn post. “As we learn and grow with our customers, we are slowing or pausing some early-stage projects.”

While Microsoft did not specify the status of other projects beyond Ohio, it previously paused further phases of a major data center in Wisconsin. Analysts have also noted reduced international expansion and the cancellation of U.S. data center leases.

Industry experts point to Microsoft’s evolving relationship with OpenAI as a contributing factor. The companies revised their agreement in January, granting OpenAI more independence to build its own computing infrastructure, primarily for research and model training.

The announcement coincided with former President Donald Trump’s remarks on AI infrastructure, during which he promoted a $500 billion initiative with Oracle and SoftBank — including a flagship data center in Texas. Trump also referenced the energy-intensive nature of AI, using it to justify renewed coal production and support for nuclear power — including a Microsoft-backed proposal to restart Pennsylvania’s Three Mile Island facility.

Despite the Ohio pause, Microsoft says it remains committed to AI growth, with plans to invest over $80 billion globally this fiscal year and a doubling of data center capacity over the past three years. “While we may strategically pace our plans, we will continue to grow strongly and allocate investments that stay aligned with business priorities and customer demand,” Walsh said.

Local officials in Licking County expressed disappointment over the delay, even as the region continues to draw tech investments from companies like Google, Meta, and Intel — the latter having recently postponed completion of its semiconductor plant to 2030.

Maharashtra Government Sanctions ₹340 Crore for Vadhavan Port Project in Palghar

In a significant move to boost infrastructure, the Maharashtra government has approved ₹340 crore for the Maharashtra Maritime Board (MMB) to support the ambitious Vadhavan Port project in Dahanu Taluka, Palghar district. The sanctioned amount represents 26% of the project’s total estimated cost of ₹7,622.2 crore, with the remaining 74% to be financed by the Jawaharlal Nehru Port Authority (JNPA).

Touted to be India’s largest port upon completion, Vadhavan will serve as a satellite port to JNPA. The development is being spearheaded by the Vadhavan Port Project, a joint venture between JNPA and MMB.

The funding will be disbursed in phases, and the MMB has also been authorised to raise a loan of ₹700.94 crore to support the execution of the project.

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