Khosla Labs, launched by investor Vinod Khosla, has incubated a technology startup to drive financial inclusion Novopay Solutions in Bangalore under the guidance of Srikanth Nadamuni. Novopay is a mobile payment company that uses the Aadhaar biometric scanner to allow people to conduct banking transactions from neighborhood shops. Novopay has launched services in New Delhi, Mumbai, Kolkata and Bangalore, and plans to offer them across the country.
Source: Business Standard
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