🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Razorpay's UPI Verse, India’s EV Dreams Hit A Wall & More

Inc42 · 1m ago

Razorpay's UPI Verse, India’s EV Dreams Hit A Wall & More

Razorpay is expanding its reach by acquiring a majority stake in digital payments startup POP for $30 million, marking its entry into the UPI space. Meanwhile, India's electric vehicle (EV) aspirations face challenges, particularly concerning reliance on rare earth materials. Other notable industry movements include Ola's new driver commission model, Oben Electric securing significant funding, an insolvency plea involving GlobalBees, and QRG Investments' share sale in Awfis.

1

Related News

Razorpay launches instant refund for failed UPI transactions on its POS devices

Inc42 · 1y ago

Razorpay launches instant refund for failed UPI transactions on its POS devices

Razorpay, the fintech unicorn, has introduced instant refunds for failed Unified Payments Interface (UPI) transactions on its point-of-sale (POS) devices. The solution aims to reduce refund processing time to 2 minutes, compared to the industry standard of 5-6 business days for failed UPI transactions. Razorpay's POS devices will initiate a refund attempt within 3 seconds of a UPI transaction failure, with three automatic attempts spaced 5 seconds apart. This move addresses challenges faced by MSME retailers, such as internet issues and failed transactions, in UPI transactions for business.

Nvidia bets $25 billion that AI boom is far from over

Economic Times

Economic Times · 1y ago

Nvidia bets $25 billion that AI boom is far from over

The company's sales forecast on Wednesday blew past Wall Street's expectations and it said it would buy back another $25 billion of its shares, a move most companies make when their leadership thinks the company is undervalued. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results.

TVS Motor’s 2W EV sales hold ground as iQube-maker tops June monthly sales

YourStory

YourStory · 1m ago

TVS Motor’s 2W EV sales hold ground as iQube-maker tops June monthly sales

TVS Motor Company maintained its lead as India’s top two-wheeler EV manufacturer in June, holding about 27% of market share. The iQube maker has seen a continued rise in demand despite competition from Bajaj Auto and Ola Electric. Bajaj Auto secured 24.5% market share, while Ola experienced a 45% year-on-year sales drop. New entrant Ather Energy more than doubled sales, reflecting growing competitiveness in the EV sector amid global supply concerns.

UPI transactions in January surpass 16.99B; highest recorded in any month

YourStory

YourStory · 5m ago

UPI transactions in January surpass 16.99B; highest recorded in any month

In January, UPI transactions hit a record 16.99 billion, with a value over Rs 23.48 lakh crore, marking the highest monthly figures, according to the Ministry of Finance. UPI, the cornerstone of India's digital payment ecosystem, accounted for 80% of retail payments. By January 2025, over 80 UPI apps and 641 banks were active. Of transactions, 62.35% were People to Merchant (P2M), highlighting UPI's popularity for low-value payments.

NPCI Blames Banks for UPI Outage as Transactions Hit Record

StartupTalky

StartupTalky · 13h ago

NPCI Blames Banks for UPI Outage as Transactions Hit Record

The National Payments Corporation of India (NPCI) attributed a UPI outage on 7 August to internal technical issues at some partner banks, but affirmed that NPCI systems were functioning properly. This incident, affecting millions nationwide, was the fourth major UPI outage in 2025. In response to these issues, NPCI and government officials emphasized the need for enhancing UPI's infrastructure resilience. Despite challenges, UPI transactions hit a record high of 19.47 billion in July 2025.

AI powering VerSe Innovation's growth across digital media landscape

Entrackr

Entrackr · 3m ago

AI powering VerSe Innovation's growth across digital media landscape

News All Stories AI powering VerSe Innovation's growth across digital media landscape VerSe Innovation’s AI ecosystem is reshaping content, advertising, and creator platforms, led by NexVerse.ai — its AI-driven AdTech engine boosting ad efficiency and brand impact at scale. Kunal Manchanada 26 Apr 2025 16:35 IST Follow Us New Update VerSe Innovation reaches millions of users across India’s linguistic landscape through Dailyhunt, Josh and Oneindia. The company has integrated AI-driven systems across the content ecosystem, including recommendation engines at Bharat scale and generative AI applications to improve accessibility, engagement, and monetization. VerSe Innovation’s AI ecosystem is driving transformation across content, advertising, and creator-led platforms. At the forefront is NexVerse.ai, VerSe’s AI-powered programmatic AdTech engine, which is already enhancing ad efficiency and brand outcomes at scale. “We leverage deep learning models to analyze real-time user interactions, optimizing ad selection, placement, and pricing. Our AI-powered content-ad matching system ensures that s reach the right audience, significantly boosting engagement and performance,” said Umang Bedi, co-founder and CEO of Verse Innovation. Beyond advertising, VerSe’s AI-driven content intelligence is revolutionizing digital news consumption. Dailyhunt Premium, a subscription-first premium content platform powered by Magzter, caters to India’s evolving digital readership. At Magzter, we use visual AI models to extract articles from several of its newspaper and magazine content and convert them into ezRead, a mobile-friendly format,” outlined Bedi. For Dailyhunt’s Xpresso, its short news format, VerSe leverages multimodal generative AI to automate content understanding and creation. According to Bedi, these AI systems assist both internal teams and external creators in identifying, curating, and generating short news cards, web stories, and other bite-sized formats that are timely, relevant, and engaging. “These innovations not only enhance user engagement but also elevate the overall content experience,” he said. VerSe’s AI capabilities also extend to content creation tools such as WISE, an AI-driven authoring and marketing platform that assists with headline generation, AI-based imagery, and social media content creation. VerSe is also expanding into AI-powered audio, video, and conversational formats. Josh Audio Stories offer immersive, narrative-driven content in multiple Indian languages across genres such as drama, romance, thrillers, horror, and fantasy. “AI plays a key role in scripting, voice modulation, and personalization, enabling the creation of high-quality audio experiences at scale,” added Bedi. The Dream Call feature enables users to engage in live, personalized conversations with creators. AI plays a crucial role in enhancing the experience by helping screen and match users with relevant creators, ensuring smoother interactions and maintaining quality and safety standards. This offering has quickly gained traction and is emerging as a significant revenue driver. Finally, VerSe Collab serves as a full-stack influencer marketplace, enabling India’s top consumer brands to manage creator campaigns with precision and scale. It offers access to a self-serve dashboard, connects brands to a network of over 100,000 creators and celebrities, and leverages AI to streamline campaign ideation, rollout strategies, and performance tracking—making it a powerful engine for influencer-led marketing in India. “By embedding intelligent systems across its platforms, we’re not only enhancing user experiences but also creating sustainable value for creators, advertisers, and consumers alike. Our expansion into automated content generation and conversational AI signals a broader shift toward scalable, data-driven media operations,” emphasized Bedi. As VerSe refines its AI capabilities, it looks to strengthen its role in India’s digital ecosystem, ensuring real-time, relevant content delivery across languages and user demographics. With continuous advancements, the company is positioning itself at the forefront of AI-powered media innovation, shaping the future of digital information and interaction.

PhonePe, HDFC Bank partner to launch UPI-linked co-branded credit cards

YourStory

YourStory · 1m ago

PhonePe, HDFC Bank partner to launch UPI-linked co-branded credit cards

PhonePe and HDFC Bank have launched a co-branded credit card linked to UPI, targeting India's digitally savvy consumers. The card, available in two variants, integrates with the UPI network, allowing credit payments via UPI QR codes at merchants. This partnership combines PhonePe’s user base with HDFC’s credit expertise. The card offers rewards such as 10% points on selected spends and airport lounge access, reflecting a trend of co-branded cards in India’s payment ecosystem.

Bullish on India’s UPI, neo-banking and credit growth story: Razorpay

Business Today

Business Today · 1y ago

Bullish on India’s UPI, neo-banking and credit growth story: Razorpay

Razorpay, a full-stack payments and banking platform for businesses, is bullish on India’s fintech story on the back of growth gems like UPI, neo-banking and credit, which happen to be its fast-growing businesses in India. “The growth of payments has been exponential in the last few years. There were 10 billion UPI payments last month and that speaks of the kind of scale we’ve achieved. There are 200-300 million Indians who are paying via UPI but we have a population of more than 1 billion. While the payments pool has expanded from 30 million people to now 300 million people, it still has some distance to go,” Shashank Kumar, Founder & Managing Director, Razorpay told Business Today.

UPI transactions for August likely to have crossed 10-billion mark

Money Control

Money Control · 1y ago

UPI transactions for August likely to have crossed 10-billion mark

India's unified payments interface (UPI) is expected to surpass 10 billion transactions for the first time in August, per data from the National Payments Corporation of India (NPCI). The UPI platform reached 9.89 billion transactions in July, and with a daily average of 330 million transactions in August, it's projected to hit around 10.5 billion transactions, marking a 5% month-on-month growth. UPI, which has shifted from person-to-person transfers to driving commerce, is targeting 30 billion transactions per month within the next few years. Around 57% of UPI transactions are now merchant-related, largely driven by QR code adoption.

Google fails to ‘wow’ as AI bills mount

Livemint

Livemint · 1y ago

Google fails to ‘wow’ as AI bills mount

Alphabet, Google's parent company, reported strong Q2 results with robust advertising and cloud revenue. However, the results failed to excite investors. Overall revenue barely beat Wall Street projections, and YouTube advertising revenue was lower than expected. The company anticipates a more challenging second half of the year due to tougher comparisons and increased spending on artificial intelligence infrastructure. Despite cost-cutting measures, capital expenditures will continue to be high, with an estimated total of over $49 billion for the year. Google's attempts to make acquisitions and navigate through regulatory challenges have also hit roadblocks recently.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.