PayMate, a leader in digital B2B payments in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to unveil the PayMate BBPS-B2B platform. This innovative platform is set to transform the landscape of business transactions by streamlining invoicing, payments, and collections on a national scale. Targeting India’s vast network of 634 lakh MSMEs and 16.6 lakh…
At the Global Fintech Fest in Mumbai, Infosys co-founder and chairman Nandan Nilekani highlighted that startups leveraging India’s digital public infrastructure (DPI) are now valued at $100 billion. Nilekani emphasized that the development of Aadhar and the Unified Payments Interface (UPI) was designed to lay down foundational “rails” for private sector innovation.
“The estimated market…
Infosys co-founder and non-executive chairman Nandan Nilekani has highlighted the transformative impact of India’s digital public infrastructure (DPI) on the startup ecosystem, revealing that the value of startups built on this foundation exceeds $100 billion. Speaking at the Global Fintech Festival 2024, Nilekani emphasized the pivotal role that foundational technologies like the Unified…
Swiggy, the food delivery giant gearing up for its public markets debut, is reportedly in advanced talks to bring Amitesh Jha, the former Senior Vice President at Flipkart, on board as the new Chief Executive Officer of its rapidly expanding quick commerce segment, Instamart. This move indicates a significant reshuffle within the company’s leadership, with current Instamart head Phani Kishan…
PayMate, a leading digital B2B payments company in India, has announced a strategic partnership with NPCI Bharat BillPay Ltd. (NBBL) to introduce the PayMate BBPS-B2B platform. This cutting-edge platform aims to overhaul the commercial payment landscape in India by enhancing the efficiency of invoicing, payments, and collections, and fostering a seamless, interoperable ecosystem between buyers and…
Awfis Space Solutions, one of India’s leading providers of flexible workspaces, has recently made headlines with its significant corporate moves. On August 22, the company’s share price surged by over 15%, reaching a new peak of ₹909.75 per share on the National Stock Exchange (NSE). This notable rise comes in the wake of Awfis’s announcement regarding its expansion plans and a strategic…
Generative AI is increasingly shaping the startup landscape, offering a range of tools that enhance efficiency and speed for new businesses. Despite the buzz surrounding technologies like ChatGPT, the precise impact on economic activity is still emerging. Many businesses, particularly smaller ones, are grappling with how to harness these tools effectively.
Sean Ammirati, a professor at Carnegie…
IndiGo Co-Founder Rakesh Gangwal to Sell 3.8% Stake for Rs 7,100 Crore
Rakesh Gangwal, co-founder of India’s largest airline IndiGo, is poised to reduce his stake in the company further, with plans to divest approximately 3.8% of his holdings in InterGlobe Aviation, the parent company of IndiGo. This strategic move is valued at around Rs 7,100 crore ($8.5 billion) and is part of Gangwal’s…
In a bold expansion into the financial technology sector, Zoho Corporation has announced the launch of Zoho Payments, a new solution tailored to enhance business-to-business (B2B) transactions. The company, known for its suite of software as a service (SaaS) products, aims to streamline payment processes for businesses by integrating this new offering with its existing financial and operational…
The Competition Commission of India (CCI) has given the green light to the merger between Reliance Industries and Walt Disney’s Indian media assets, a deal valued at $8.5 billion. This landmark approval moves the two media giants closer to forming a powerful entertainment conglomerate poised to compete with global heavyweights like Amazon, Netflix, and Sony Pictures Networks.
The CCI’s…
