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Mumbai-based fintech startup OneStack has raised $2 million in a Series A funding round led by Pentathlon Ventures, with participation from Yatra Angel Network, 100Unicorns, and Venture Catalysts. Founded in 2019, the company provides digital solutions for cooperative banks and credit societies, including core banking services and financial integrations. With the new funding, OneStack aims to expand into southern and eastern India, targeting a 20% market share and onboarding 200 additional banks.
Stablecoins are projected to play a crucial role in global commerce, with their market cap expected to reach $300 billion in 2025, driven by the dominance of USDT and USDC. However, regulatory challenges and the emergence of "exotic" stablecoins pose risks for retail investors. As demand for stablecoin-linked payment solutions grows, companies like Visa anticipate a surge in stablecoin card adoption, signaling a shift towards mainstream usage for international payments.
PG Electroplast is entering the electric vehicle market in India through its subsidiary, PG Technoplast, in partnership with Africa's leading EV company, Spiro Mobility. The collaboration aims to enhance the EV landscape in emerging markets, with PG Technoplast responsible for manufacturing electric vehicles, Lithium-Ion batteries, and related components. This venture is expected to drive significant growth for PG Electroplast in India's EV sector.
Vishal Gupta
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OneStack secures 2 million dollars in series A funding round
07:00 28.03.2025
stablecoins poised for growth in 2025 amid regulatory challenges and innovations
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PG Electroplast partners with Spiro Mobility to enter African EV market
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