UPI had processed close to 15 billion transactions in August 2024, with the platform recording a 33 percent growth year-on-year.
That is a significant addition especially because Flipkart has around 200 million annual active users and a total customer base of 500-600 million.
During a meeting held on August 29, government officials also sought suggestions from the industry on the rules for the Promotion and Regulation of Online Gaming Act, 2025
A US-based company that once needed a three-month product trial closed in just four weeks after seeing an AI copilot auto-resolve tickets during a demo.
Elevation Holdings will write $20-50 million cheques and focus on new-age companies that are close to a public market listing. It will continue to stay invested in these firms even after their IPO.
The offering is expected to value the Bengaluru-based fintech at $7–8 billion, marking a major milestone in India’s startup and financial services ecosystem.
Prosus is also considering a deal to purchase a part of Swiggy’s stake. If that deal goes through, the total round size may increase, sources told Moneycontrol.
The culturally diverse and vast Indian market, with a new generation seeking cultural identity, makes a good market for ethnic start-up businesses that are commercially viable
According to the company, there is a gaping void in how corporations and lenders manage their digital banking operations, especially when it comes to navigating a fragmented ecosystem of accounts, interfaces, and manual processes
An in-house agentic AI model has access to all of customer data, investment patterns, risk profile and a vertical specialisation trained on platform data, effectively making them a better product than the popular generic AI models
The Supreme Court’s upcoming ruling on Google’s Play Store billing practices will shape India’s digital economy, balancing competition oversight with innovation, market fairness, and regulatory stability for global platforms and local startups
Zoho founder Sridhar Vembu's other suggestion revolves around discouraging India's brightest talent from going into finance, as an India 'addicted' to this could lead to 'societal ruin'.
With this launch, Pixxel Space will now work on developing their 'Honeybees' satellites. For Dhruva Space, this was its first commercial mission
The gaming industry was a great opportunity for PA firms to monetise UPI payments, with the winnings payout yielding them a flat Re 1 per transaction, around 10 times higher margins than regular payments
Reddy is an alumnus of IIT Bombay and IIM Calcutta. Flipkart is in the process of appointing a new leader for its IT & InfoSec functions, CEO Krishnamurthy told employees in an internal email.
While India’s startup scene is one of the world’s largest, valuations have nosedived for several companies that struggled to grow and as investors ask tougher questions.
The startup is currently live in 10 Bengaluru pincodes with a single 4,000 sq. ft. dark store and will roll out its app in September.
Meanwhile, First Games, a joint venture of Paytm, has discontinued its real-money gaming business after the new law banning real money games in the country
Last week, Sentient AI launched Grid, an open-source AGI platform allowing any developer to contribute agents, data, or models in a single interface. It has over 40 specialised agents, 50 data sources, and 10-plus models, spanning Web2 and Web3 applications.
The Bengaluru-based company said the fresh capital will be used to accelerate its product roadmap, strengthen unit economics, and expand partnerships with banks
Dream Money enables people to buy gold or set up a SIP on a daily or monthly basis, starting from Rs 10. It also offers fixed deposit investments from Rs 1,000.
The 'variation' gives Ola Electric flexibility to reallocate its IPO funds in line with evolving business requirements and sectoral challenges, while the extension provides additional time for deployment of the capital
Bike taxi services were banned in Karnataka since June 16. Moneycontrol on August 21 found that Rapido and Uber were showing bike taxi options and accepting bookings.
The move may push a lot of users to international betting sites, where customers can load money through credit cards, making it harder for the government to monitor and regulate such transactions
