Fintech
The RBI approved a Type II NBFC licence for Delhivery Financial Services, letting India's largest logistics firm lend to the truckers and vendors in its own network.
Nisha Omkumar
Author
Delhivery Financial Services has received RBI approval for a Type II NBFC-ND license, marking the logistics major's formal entry into lending. Here's what it means for the company and India's embedded finance trend.
Kunal Shah built FreeCharge, sold it, then built CRED on a contrarian bet. In June 2026, Meta handed him the keys to WhatsApp — the messaging app that runs daily life for billions of people.
From ₹37 Crore to ₹53.5 Crore in One Year: Inside the ₹580 Crore Lending Machine Nithin Kamath Built Without Anyone Noticing — And Why Nil NPAs Should Have Every Fintech in India Paying Attention
OpenFX's $94 million raise in March 2026 put Indian financial infrastructure on the global map. By June 2026, the pattern is clear: India's fintech founders are moving up the financial stack — from consumer payments to the deep infrastructure of currency trading, treasury management, and capital market connectivity.
Neobanks like Chime and Nubank promised to replace traditional banking. Robinhood made trading free. Stripe made payments invisible. The narrative was simple: fintech startups would eat the legacy financial system one vertical at a time. But that war is over. And neither side won.