Tech
Flipkart’s Super.money quietly partners with troubled Juspay as it expands its reach
Super.money, a financial service platform spun off last year by Walmart-owned Flipkart, has quietly partnered with payments infrastructure firm Juspay as it expands into direct-to-consumer (D2C) checkout and targets $100 million in annual revenue by 2026.
The partnership comes as Juspay works to rebuild momentum after facing pushback from major payment companies earlier this year — a dispute that complicated its fundraising efforts.
Last week, Super.money launched its D2C checkout product, Super.money Breeze, which promises merchants a one-click checkout experience and aims to speed up online purchases by removing one-time passwords and repeated logins. The company did not disclose any technology partners, but TechCrunch has learned that Juspay is powering the payments infrastructure for Super.money’s latest offering.
The move could help Super.money reach new customers and build visibility among D2C brands — expanding its presence beyond Flipkart’s existing user base and making the brand more familiar to online shoppers. While Super.money already benefits from Flipkart’s distribution, the checkout product signals an effort to establish a standalone identity in the broader e-commerce ecosystem.
The partnership is even more significant for JusPay, which has been working to regain ground with Indian merchants. The SoftBank-backed company lost a number of them after payment gateways, including Razorpay and Cashfree Payments, moved away from JusPay in January, urging merchants to adopt their in-house payment processing tools instead. The fallout affected JusPay’s fundraising efforts, with its most recent round coming in at $60 million, down from earlier expectations of around $100 million, people familiar with the matter told TechCrunch.
JusPay was once a preferred backend partner for payment aggregators, helping them reduce transaction failures through its payment routing platform. The company counts Amazon as a long-standing client and received a payment aggregator license from the Reserve Bank of India last year. But as competition intensifies in India’s digital payments space, players like Razorpay, Cashfree, and Flipkart spin-off PhonePe have begun limiting their own reliance on third-party providers, opting instead to deepen their direct relationships with merchants.
Super.money’s decision to partner with JusPay runs counter to a broader trend of payment players building and controlling their own infrastructure. But for a young fintech still expanding its reach beyond Flipkart, the move offers a shortcut to D2C integrations without having to build full-stack payment capabilities from scratch. It also signals Super.money’s intent to delve deeper into consumer transactions and increase payments through its platform.
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Launched as a payment app in June 2024, more than a year after Flipkart formally separated from PhonePe, Super.money has since become one of India’s top five UPI (Unified Payments Interface) apps by transaction volume. UPI is the India’s government-backed instant payment system. The app processed over 200 million transactions per month for four consecutive months through August, per data from the National Payments Corporation of India, the federal body that manages the UPI system.

In recent months, Super.money has surpassed large private banks like Axis Bank and ICICI Bank, as well as fintech players including Amazon Pay and CRED, to climb the UPI rankings — a significant feat for a newly launched app.
Super.money has also become a top issuer of secured credit cards in India, holding a 10% market share, according to industry insights shared with TechCrunch by a person familiar with the data. These cards require customers to put down a deposit and are currently issued in partnership with Utkarsh Small Finance Bank. The company is looking to expand the business and is in talks with a private sector lender to scale distribution, a source told TechCrunch.
So far, Super.money has issued around 300,000 secured cards and is adding approximately 50,000 new cards each month, the person added.
The secured card business is central to Super.money’s monetization strategy, helping it move users from low-margin UPI payments into revenue-generating financial products. While the company doesn’t charge for UPI transactions, it uses that volume to onboard customers and cross-sell higher-yield offerings such as credit cards and consumer loans.
Unlike many other UPI-focused fintechs, Super.money has kept its burn rate low by relying on Flipkart’s distribution rather than heavy marketing. The company also operates with a lean team of around 130 to 150 people to serve its user base of over 80 million users, TechCrunch has learned.
For Flipkart, Super.money marks a renewed push into fintech after it formally spun out PhonePe in 2023. While PhonePe went on to dominate India’s UPI landscape, it now operates independently under Walmart’s broader umbrella. Super.money, by contrast, remains tightly integrated with Flipkart and appears focused on monetizing financial services directly within — and beyond — the e-commerce ecosystem.
So far, Flipkart has invested $50 million in Super.money to kick off its business, led by Prakash Sikaria, who was previously Flipkart’s chief experience officer for customer growth, marketing, ads, and new initiatives, and who also founded Shopsy. Sikaria also helped Flipkart acquire online travel company Cleartrip and led products including Flipkart Ads and Supercoins, per his LinkedIn page.
However, Super.money is looking to go beyond Flipkart and raise an external round. The firm is already in talks with bankers and is aiming to raise the round at around $1 billion valuation sometime next year, sources told TechCrunch.
Super.money is currently on track to close 2025 with around $30 million in annual recurring revenue, TechCrunch learned. The firm is aiming to more than triple that figure in 2026, largely driven by growth in its secured credit card business and personal lending, as well as through moves including the recently launched D2C checkout product.
That said, Super.money is currently in its early stages of monetization, and will likely face intensifying competition from established players like PhonePe, Google Pay, and Razorpay — all of whom are building or defending their own payments infrastructure. Its ability to convert UPI scale into sustainable revenue, especially through lending and checkout infrastructure, will determine whether it can become Flipkart’s second major fintech success — or face the same ecosystem pressure currently weighing on its partner, JusPay.
Flipkart, Sikaria, and Juspay co-founder and CEO Vimal Kumar did not respond to requests for comment.
Tech
Waymo starts autonomous testing in Philadelphia
Waymo is adding another four cities to its growing list of robotaxi rollouts. The company announced Wednesday it has begun testing its autonomous vehicles (with a safety monitor) in Philadelphia, and that it will start manual driving to collect data in Baltimore, St. Louis, and Pittsburgh.
Waymo did not offer a timeline for when it plans to launch commercial services in those locations, nor do we know whether the Alphabet-owned company will partner with other companies to operate robotaxis in each one. That has been the move in cities like Atlanta and Austin, for example, where Waymo has partnered with Uber to advance its robotaxi rollout.
But the new locations join a list of over 20 cities where the company is either offering rides, prepping a commercial launch, or testing. Waymo is also now offering rides on freeways in Los Angeles, Phoenix, and the San Francisco Bay Area. The company plans to be doing one million rides per week by the end of 2026.
Waymo has done all this while claiming to be operating at a level five times safer than humans, according to data the company recently released.
But the expansion has not come without its issues. The National Highway Traffic Safety Administration is investigating how the company’s vehicles operate near school buses, after a Waymo was filmed driving around a stopped bus in Atlanta in September.
This week, Austin news outlet KXAN published a report showing Waymo’s vehicles have driven past school buses that were in the process of unloading or loading children multiple times — including after Waymo claims to have shipped software updates to address the problem.
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Tech
Spotify Wrapped 2025 adds its first multiplayer feature with ‘Wrapped Party’
Spotify Wrapped is back. After last year’s widely criticized flop that included an AI podcast as its highlight, the streamer’s highly anticipated annual review feature has returned to its roots. This year, Spotify is doubling down on what it knows works best: deep dives into your streaming data, creative experiences, messages from favorite artists, and other social features.
The company claims that Wrapped 2025 is its biggest, as it’s introducing nearly a dozen new features in addition to its old standbys, like top songs and artists. Plus, it’s offering more visibility into users’ data than in years past. For the first time, Spotify Wrapped is adding a live multiplayer feature to compare your listening data with friends.
Wrapped Party, Wrapped’s first live interactive experience, allows you to invite up to nine friends to compare listening stats.

Also new this year, your Top Songs Playlist will include the play counts for each of the top songs, so you can actually see how much time you spent with your favorite tracks.
Other standout features this year include an interactive Top Song Quiz, a Listening Age feature, and Wrapped Clubs, which match you to one of six unique listening styles.
The company believes these additions will not only bring back the personalized, engaging experience that users have long expected from Wrapped, but will take it a step further by making it more interactive than before.
In the Top Song Quiz, for instance, you can try to guess which top song soundtracked your year before seeing the results.
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The new interactive Wrapped Party feature isn’t just about comparing the personal streaming data you’ve already received to your friends’ data, as that’s something people already do on social media. Instead, the feature presents unique data stories for your group, like who’s the “most obsessed fan,” the “early bird,” the most “picky listener,” or even something as nice as the “dinner table explainer,” meaning the person who listens to the most news podcasts.

Spotify says these awards update dynamically every time you join a Wrapped Party, so no two sessions are ever the same — even if you run through them again with the same group of friends.
The new Wrapped Clubs, meanwhile, will group you into one of half a dozen listening styles, like the “Soft Hearts Club,” the “Club Serotonin,” the “Full Charge Crew,” the “Cosmic Stereo Club,” and others. You’ll also receive a role in the club based on your listening data. You might be a club leader if your listening choices strongly matches the club’s values, a scout if you’re always seeking out new releases, or an archivist if you listen to music from past eras.

Another feature, Listening Age, compares your 2025 music listening to others in your age group. To calculate your age, the feature considers the release years of the tracks you listen to most. From there, it identifies the five-year span of music that you engaged with more than other listeners your age.

As in prior years, you’ll see your top songs, top artists, top genres, and, for the first time, top albums. If you engaged with audiobooks and podcasts, you’ll see metrics for those as well. Artists, writers, and podcasters will have their own version of Wrapped as before. And top fans will again receive video messages from their favorite artists, podcasters, and, now, authors.
You’ll also receive a playlist of your top songs of the year, as before.

What you won’t find in this year’s Wrapped is any feature that advertises it was made with AI.
In a press briefing on Tuesday, Spotify’s Senior Director of Global Marketing, Matt Luhks, admitted the company received a “lot of feedback” about its 2024 AI-focused Wrapped experience, saying it was a “mix of positive and ‘more constructive feedback,’” despite the feature driving more engagement than prior years.
“We take all of that in. We use that as information, insights, [and] inspiration for how we approached Wrapped this year,” he said in a press event ahead of today’s launch.
“What our users tell us about Wrapped means a lot to us, so it was really informative in how we approached Wrapped this year. And what we tried to build was the most creative, most innovative, most engaging Wrapped ever,” he added, setting a high bar for the 2025 edition of the now 11-year-old annual year-in-review feature.
“We’re the original and, we believe, still the best,” Luhks said.

Still, AI was a part of the Wrapped experience. Though the company claims the overall experience was not made with AI, it does leverage a LLM (large language model) to add a storytelling layer to Wrapped’s facts and figures, and natural language summaries in other parts of its experience, looking back on your data.
Spotify’s attempt to fix Wrapped after a notable stumble comes as the streamer faces increased competition from Apple, Amazon, YouTube, and others, which have all launched their own annual review features, inspired by Wrapped.
“Everyone seems to have their own version of Wrapped. Now, there’s a lot of reviews and replays and rewinds out there, but we believe that Wrapped still sets the bar for these year-end recaps,” Luhks said.
Along with the consumer experience, Spotify shared its top artists, songs, albums, podcasts, and audiobooks for the year, with top winners that included, respectively, Bad Bunny (top song and album), Joe Rogan (“The Joe Rogan Experience” podcast), and Rebeca Yarros (author of “Fourth Wing”).
Tech
Nothing looks to its community to raise $5M, wants to be ‘IPO-ready’ in 3 years
Hardware maker Nothing is letting its user base buy its stock as part of a new community investment round of $5 million. The new round, which opens on December 10, will enable consumers to buy the company’s shares at its Series C valuation of $1.3 billion.
The company said it has so far raised $8 million in total from over 8,000 people across two previous community investment rounds. It held its first community funding event in 2021, aiming to raise $1.5 million.
“This isn’t about raising capital, it’s about giving our community/fans a chance to invest while we’re private and join us on the journey,” a spokesperson for Nothing told TechCrunch.
Community investors have a rotating seat on the company’s board, but it is unclear what else they get for investing in the company through such rounds.
Nothing raised $200 million in its Series C back in September from investors including Tiger Global, GV, Highland Europe, EQT, Latitude, I2BF and Tapestry. The company has raised $450 million to date.
The community round comes as Nothing makes changes to its corporate structure as it tries to increase its share of a smartphone market dominated by giants like Samsung and Apple. The company is spinning off its budget CMF brand, and plans to explore AI-centric devices while it keeps building smartphones and audio products. And Nothing claims it crossed $1 billion in cumulative revenue this year, up 150% from 2024.
The startup is working to be “IPO-ready” in three years, CEO Carl Pei told TechCrunch in an email. “The timing will depend on market conditions and what makes sense for the business at that point in time,” he said.
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“What’s important is that we’re already operating with that discipline now. We’re building the systems, the governance, the financial discipline that a public company needs. It forces us to think longer-term and make smarter decisions that prioritise sustainable growth,” Pei added.
It’s not clear if Nothing aims to raise another round before an IPO. When asked about its fundraising plans, a Nothing spokesperson said the company is not thinking about raising capital immediately, but it wouldn’t be averse to those conversations.
Those interested in investing in the community round can use platforms like Wefunder and Crowdcube to participate.
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