Assiduus Global Raises United States Dollar 25 mn in Pre-Series B

25 Mar 2026 CW Team

Assiduus Global, a financial technology firm, has raised United States dollar 25 mn in a pre-Series B round led by Bajaj Finserv.

The funds will be used to scale its lending orchestration platform and to deepen integrations with lending partners. Management intends to allocate the capital to expand engineering and product teams and to enhance data and risk analytics capabilities. Priority will be given to platform robustness, automation of underwriting workflows and improvements to customer onboarding journeys.

The company will also pursue partnerships with banks and non-bank financial companies to broaden distribution and service offerings. These measures are expected to shorten time to credit decisioning and to increase the range of lending options available through the platform. Digital credit intermediation and technology driven loan origination remain areas of active investment as lenders modernise underwriting and distribution.

Platforms that can orchestrate multiple lender relationships and standardise data flows seek to lower acquisition costs and improve borrower experience. The fresh capital positions the firm to capitalise on the shift toward embedded finance and to respond to evolving compliance and regulatory requirements. Company leadership indicated that the proceeds from the USD 25 mn round will be deployed to support hiring, technology upgrades and market expansion while maintaining focus on risk management.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..