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The Yogi Adityanath government has been diligently fostering innovation, startups and industrial development in Uttar Pradesh. As a result of the concerted efforts of the state government, Uttar Pradesh now boasts eight Unicorn companies, with numerous startups on the cusp of achieving unicorn
The central bank had rejected Zaakpays application for a payment aggregator licence last year. ET had reported earlier, citing sources, that failure to meet the RBIs net-worth criterion was one of the reasons for the rejection.
Peak XV Partners' scale-up programme Surge has chosen 13 early-stage startups for its ninth cohort, focusing on deeptech, artificial intelligence, advanced manufacturing, and quantum computing. Surge has shifted its sectoral mix to more advanced technologies from consumer brands and vertical ecommerce.
As of September 2023, Paytm has a merchant base of around 3.8 crore and merchant paying subscription for devices has reached 92 Lakh an increase of 44 Lakh YoY and 14 Lakh QoQ.
XLRI achieved an average and median stipend of ₹1.41 lakhs per month and ₹1.5 lakhs per month respectively.