Entracker

PayU, the payments and fintech arm of Prosus, has expanded its investment in Mindgate Solutions, increasing its stake to 70% and becoming the company’s majority shareholder. 

The founders, George Sam and Guhan Muthuswamy, will retain a significant 30% minority stake and continue to lead operations.

Mindgate currently powers over 10 billion transactions monthly for partner banks, representing payments worth more than $1 trillion annually. 

The company has emerged as a critical player in the growth of UPI, which recently crossed 20 billion monthly…

Gameskraft, one of India’s largest real-money gaming companies, has laid off about 120 employees across teams as part of a restructuring exercise triggered by the government’s blanket ban on online money games. 

The layoffs come at a turbulent time for the firm, which is also reeling from a fraud scandal involving former CFO Ramesh Prabhu, who allegedly siphoned off Rs 270 crore over nearly five years. An FIR has been filed against him following the company’s complaint at Bengaluru’s Marathahalli police station.

Affected employees will receive…

HR tech platform Darwinbox has expanded its existing ESOP plan by adding additional employee stock options worth over $20 million.

The board at Darwinbox has passed a resolution for approval to add 64,377 options to its existing plan, bringing the total ESOP pool to 1,46,908 options, its regulatory filing with the Registrar of Companies (RoC) shows.

According to Entrackr’s estimates, the newly added ESOPs are valued at around Rs 186.6 crore (around $21 million), taking the total ESOP pool to Rs 426 crore ($48.4 million).

In addition, the company holds…

Digital financial services firm MobiKwik has reported a fraud incident involving some of its registered merchants and users from Haryana, who allegedly colluded to claim unauthorized settlements from the company.

The company disclosed in a stock exchange filing that the incident occurred between September 11–12, 2025, and an FIR has been lodged for Rs 40 crore. Of this, Rs 14 crore has already been recovered, leaving an estimated net exposure of Rs 26 crore.

MobiKwik clarified that none of its employees, key managerial personnel, or insiders were…

PlaySuper, a gaming commerce platform embedding real-world rewards into mobile games, has raised $1 million in seed funding led by Singapore-based gaming VC Chimera. The round also saw participation from Audacity VC, IAN Capital Fund, and Dhruv Vohra, Managing Director at Meta APAC Emerging Markets.

The proceeds will be used to strengthen product development, scale brand partnerships, and expand operations across India and Southeast Asia.

Founded by Shouradeep Chakraborty (CEO), Upamanyu Chatterjee (COO), and Abhir Das (CBO), PlaySuper works on a…

CRED, PhonePe, and Paytm have halted rent payments via credit cards on their platforms, according to three sources aware of the matter. The move follows the Reserve Bank of India’s (RBI) latest master directions on payment aggregator regulations.

Entrackr tested rent payments by credit card on these apps and found the service temporarily unavailable.

“CRED, PhonePe, and Paytm suspended the rent payment service just two days after the new guidelines were issued. While they technically have time until later this year to comply, the companies acted…