LPL Financial Opens Global Capability Centre in Hyderabad
California-based wealth management firm LPL Financial Holdings has set up a Global Capability Centre (GCC) in Hyderabad. The city was chosen for its strong talent pool, infrastructure, and business continuity support.
Over the next three to five years, the Nasdaq-listed Fortune 500 company plans to create hundreds of jobs across technology, operations, product development, data analytics, and risk management. Ramesh Kaza, former CIO of State Street India, has been appointed head of the new centre
BetterInvest launches ₹300 crore Media Vision AIF
BetterInvest, India’s only structured private credit provider for the media and entertainment industry, has launched its SEBI-registered Category II AIF, BetterInvest Media Vision Fund – 1. The five-year fund aims to raise ₹300 crore, with a green shoe option of another ₹300 crore.
The fund will focus on financing movie and content production in the media and entertainment sector. It follows a debt-plus-profit-sharing model, allowing investors to earn interest income along with a share in profits from successful projects. Deal tenures will be shorter, enabling faster capital deployment and active portfolio management.
Tracxn reports flat revenue, posts loss in Q3 FY26
Data and research platform Tracxn announced its Q3 FY26 results on Thursday. The Bengaluru-based company reported almost no growth in revenue and posted a loss of ₹81 lakh during the quarter.
Revenue from operations fell slightly by 2% to ₹21 crore in Q3 FY26, compared to ₹21.4 crore in the same quarter last year.
Nila Spaces invests ₹6 crore in Alt DRX to boost real estate tokenization
Nila Spaces Limited has invested ₹6 crore to acquire around a 1.4% minority stake in Alt DRX, a fintech startup focused on real estate and asset tokenization in India.
The investment aims to support the growth of technology-driven, fractional property ownership and help scale real estate tokenization beyond early adoption. The ongoing funding round has also attracted global institutions and Indian family offices, highlighting rising confidence in the future of tokenized real estate in India
Dezerv revenue jumps 2.5x to ₹66 crore in FY25, losses widen
Wealthtech startup Dezerv reported a strong 2.5x rise in revenue to ₹66 crore in FY25. However, the company’s losses increased by 49% and crossed ₹100 crore during the year.
Employee expenses rose sharply to ₹111 crore, adding pressure on profitability despite the revenue growth.
