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Unified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month. And with the festive season not too far away, one can only expect it to grow more in the coming months. But what does this 10 billion really mean — and how did we get here?
Fidelity Investments, which invested close to $42 million in Meesho in September 2021, has marked up the fair value of its investment in the e-commerce platform to $43.24 million as of July 31, the filings showed.
In Primeshots today: Barons valuation rejig; ChatGPTs enterprise version; and a gaming goldmine
Fidelity Investments has increased the valuations of ecommerce unicorn Meesho and fintech unicorn Pine Labs, per SEC filings.
Incoming SAP chairman Punit Renjen dwells at length on his new role, the opportunities it throws up, and his hopes for a wider collaboration between India and the US. Heres what he told us and more in todays Morning Dispatch.