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The record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 billion in March. In May, the average daily transaction value was Rs 65,966 crore with average daily volumes at 453 million. UPI is the fastest growing digital payments channel in the country.
Companies, including PhysicsWallah, CashKaro, Tredence, University Living, Pluxee, PeepalCo and Fat Tiger, have plans to mix work with pleasure by screening matches, curating special menus, setting up virtual gaming zones, organising World Cup-themed contests and some may even reward employees with cash prizes and passes to matches. The idea is to break the monotony of everyday tasks at work and foster a positive work culture, bonhomie, and a shared love of sports, HR heads of these firms said. Edtech unicorn, PhysicsWallah, is hosting the Physics Wallah Premiere League, a cricket tournament s...
Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the third major deal in the space after Peak XV Partners Mokobara investment and Lighthouses bet on Safari.
Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademys changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.