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Three cheers for development journalism

Who's who of Government, industry and academia attend Blitz India anniversary celebrations

by Blitz India Media
May 2, 2023
in The blitz special
0
Three cheers for development journalism

On February 5 2022, when India’s G20 Sherpa Amitabh Kant presided over the birth of India’s first weekly newspaper devoted to development journalism, even he would not have expected it to become the phenomenon that it has become, in a span of one year. Blitz India’s anniversary celebrations in New Delhi, where Kant was the Guest of Honour, had all the glitz and the glamour of a mega show. There was both style and substance in the well-curated programme as one after the other luminaries from the podium lauded the bold efforts of Chairman and Editor-inChief Deepak Dwivedi in setting a new benchmark in positivity and inspiring coverage of news developments. Here we present some glimpses from the star-studded event.

Three cheers for development journalism

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New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

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