| | MAY 20269Snabbit India's fastest-grow-ing quick home services platform announced a $56 million Series D round co-led by Susquehanna Venture Capital Mirae Asset Venture Investments' Unicorn Growth Fund and Bertelsmann India Investments which is doubling down on its investment in the company. Existing investors Nexus Venture Partners and Light-speed also participated along-side new investor FJ Labs Inc a leading global marketplace in-vestor Coming just six months after its Series C this fundraise brings Snabbit's total capital raised to $112mn. This marks a shift in Snab-bit's journey from category creation to category dominance with the current raise focused on strengthening unit econom-ics and deepening its operating backbone alongside calibrated expansion Bhavanipratap Rana says strong execution and unit economics drive conviction in Snabbit opportunity. Sonata Software Ltd an-nounced the appointment of Rajsekhar Datta Roy as Chief Executive Officer for a three year tenure beginning May 9, 2026, where he will oversee operations. Datta Roy currently serves as Chief Delivery Officer and brings more than thirty years of experi-ence in scaling technology prac-tices and leading global delivery organizations for enterprise clients. He has played a key role in expanding Dynamics and Mi-crosoft practices into industry specific solutions and driving strategy, execution, and market entry initiatives. He has managed delivery portfolios across product engineering, enterprise systems implementation, and large digital transformation programs. Over the past year, he has contributed to Sonata Software's transition into an AI focused or-ganization including Responsible first AI strategy and Harmoni.AI platform. In partnership with Axis Bank and PayU, Flipkart has launched biometric authentication for card transactions. This feature enables users to authorise pay-ments via fingerprint or Face SNABBIT RAISES $56 MILLION TO ACCELERATE INDIA LEADERSHIP STRATEGY SONATA SOFTWARE NAMES RAJSEKHAR DATTA ROY AS CEO FLIPKART, AXIS BANK, PAYU INTRODUCE BIOMETRIC PAYMENTS CONSUMER TECHCORPORATE GOVERNANCE BANKING & FINANCIAL TECHNOLOGYAnand Mahindra, Chairperson of Mahindra and Mahindra says, "Empowering leadership through authentic empathy builds high-performance teams where every voice shapes outcomes. Storytelling acts as a strategic bridge, turning complex ideas into shared purpose that drives collective action."ID on supported Android and iOS devices, eliminating one-time passwords (OTPs). It has initially been launched for Axis Bank cardholders using issuer-level biometric authenti-cation. The companies said the feature aims to streamline digital payments by replacing SMS-based OTPs with faster authentication. It also includes device binding and enhanced security measures to reduce risks such as SIM-swap-ping and OTP fraud. PayU manages merchant-side infrastructure, including device security and authentication processes, while Axis Bank uses Wibmo, a PayU company, for issuer-side biometric verification. The initiative comes amid rising concerns over digital payment fraud in the India sector.
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