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Startup funding volume slumps to a decade low in Jan-June 2024 but total value recovers
VCCircle
·
1y ago
Medial
Venture capital and angel investments experienced a slow start in 2024, with funding volume reaching a decade low in the first half of the year. This led to many startups implementing cost-cutting measures and even closing down. However, there is a sign of recovery in the total value of investments, offering some hope for the startup ecosystem.
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Deals Digest: Funding momentum rises due to a large-ticket deal, volume drops
VCCircle
·
1y ago
Medial
Funding activity by private equity and venture capital firms has seen a surge this year, with the week's highest funding levels driven by a substantial deal accounting for the majority of the total value. The amount invested in companies backed by PE/VC firms exceeded $830 million this week, but the overall volume of transactions remained relatively low.
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UPI sets all-time high with 19.47 Bn transactions in July
Entrackr
·
7d ago
Medial
UPI sets all-time high with 19.47 Bn transactions in July Unified Payments Interface (UPI) processed an all-time high of 19.47 billion transactions worth Rs 25.08 lakh crore in July, according to data released by National Payments Corporation of India (NPCI). This marked a 5.8% rise in transaction volume and a 4.3% increase in value compared to June 2025, when UPI logged 18.40 billion transactions totaling Rs 24.04 lakh crore. The average daily transaction count also pushed higher to 628 million in July. Year-on-year, UPI maintained its strong growth momentum, with the transaction volume in July 2025 rising by 35% and the total value of transactions increasing by 22% compared to July 2024. While the breakdown numbers for UPI apps are yet to be released, PhonePe accounted for 46.5% of the total UPI volume and nearly 50% of the value as of June. Google Pay captured a 35.6% share by volume and 35% by value, while Paytm remained in third place with 6.9% of the total UPI volume and 5.6% of the value. UPI is live in countries like Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. NPCI plans further expansion to Qatar, Thailand, Malaysia, and other Southeast Asian nations. The UK, Oman, Maldives, and Namibia are also exploring or initiating UPI integration. According to reports, ICICI Bank has started charging payment aggregators and large merchants a fee for UPI transactions, breaking the zero-fee model. This move marks a shift in India’s UPI system, which was previously free for merchants under a government-backed policy.
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India's Chip Strategy Has To Cover The Full Spectrum From High-Value, Low-Volume To Low-Value, High-volume: Vaishnaw
OutlookIndia
·
4m ago
Medial
India's semiconductor strategy must encompass a broad spectrum of chip designs, from high-value, low-volume chips to low-value, high-volume ones, to boost domestic electronics manufacturing, says Ashwini Vaishnaw. This initiative aligns with efforts to develop indigenous tech, such as an open-source chip design platform, RISC-V. The Ministry of Electronics initiated the Chip to Startup (C2S) program to nurture the semiconductor design ecosystem in India, supporting startups and academic institutions in chip development.
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PhonePe, G-Pay hold 82% UPI share in June; BHIM back in top 10 after long hiatus
Entrackr
·
29d ago
Medial
PhonePe, G-Pay hold 82% UPI share in June; BHIM back in top 10 after long hiatus India’s UPI network saw 18.4 billion transactions worth Rs 24.04 lakh crore in June, slightly lower than the previous month, as per NPCI data. Despite the dip, PhonePe and Google Pay continued to lead the space, together handling over 82% of all UPI transactions by volume. PhonePe led the chart once again with 8.55 billion transactions and a total value of Rs 11.99 lakh crore. It held 46.5% of the total UPI volume and nearly 50% of the value. Google Pay followed with 6.54 billion transactions and Rs 8.41 lakh crore in value, capturing a 35.6% share by volume and 35% by value. Paytm stayed in third place with 1.27 billion transactions worth Rs 1.34 lakh crore. The Noida-based company controlled 6.9% of the total UPI volume and 5.6% of the value. Among emerging players, super.money leads CRED in terms of transaction volume but lags significantly in value. New-age platforms Navi and FamApp by Trio posted 406 million and 113 million transactions, respectively. Navi recorded Rs 21,815 crore in value, while FamApp stood at a modest Rs 1,440 crore. Amazon Pay and BHIM recorded 93 million and 73 million customer-initiated transactions, respectively, with values of Rs 9,942 crore and Rs 11,726 crore. Government-promoted BHIM re-entered the top 10 UPI apps by volume after a 17-month gap. Private bank-led UPI apps such as Axis Bank Apps had minimal volume (24 million) but processed Rs 5,231 crore. Notably, it was the only app to report B2C UPI transactions, handling 102 million transactions worth Rs 4,155 crore in this category. Apart from India, UPI is currently operational in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. According to media reports, NPCI plans to expand UPI to more countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations. Meanwhile, the UK, Oman, and the Maldives have either shown interest or begun early-stage integration. Namibia is also set to roll out UPI services later in 2025.
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PhonePe and G-Pay lead UPI volume in April, CRED targets high-value transfers
Entrackr
·
2m ago
Medial
Fintech platform PhonePe further cemented its dominance in India’s UPI ecosystem in April 2025, maintaining the top spot in both transaction volume and value. The fintech unicorn processed 8,362.31 million UPI transactions worth Rs 12.05 lakh crore. This gave it 46.73% of the total volume and 50.32% of the total value among the top 10 UPI apps. Google Pay held on to second place, with 6,488.55 million transactions worth Rs 8.42 lakh crore. This translates to 36.26% share by volume and 35.18% by value. Paytm came in third, processing 1,210.24 million transactions valued at Rs 1.31 lakh crore, accounting for 6.76% of the volume and 5.48% of the value. CRED shines in high-value payments Navi and super.money took the fourth and fifth positions in terms of volume, with CRED slipping to sixth. However, CRED continued to outperform smaller players in terms of value. The platform processed Rs 49,753 crore through just 134.67 million transactions. This gave the credit-focused app a modest 0.75% share of total volume but a much higher 2.08% share in value. **Other players and total UPI picture** Axis Bank Apps, FamApp by Trio, Amazon Pay, and WhatsApp made up the rest of the top 10. WhatsApp, backed by Meta, was the lowest performer with 67.40 million transactions totaling Rs 5,065.44 crore. In total, UPI processed 17,893.42 million UPI transactions amounting to Rs 23.94 lakh crore in value in April 2025. PhonePe and Google Pay together handled over 82% of UPI transactions and 85% of the total value, clearly dominating India’s digital payments market.
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June turns quieter as animal spirits fade
Livemint
·
1m ago
Medial
Investment sentiment has weakened as new project announcements reached a five-year low in the June quarter of FY26, amounting to ₹4.1 trillion. This period is traditionally quieter, but government capital expenditure announcements also hit a decade-low. Indian companies began the fiscal year 2025-26 with reduced investment appetite, reflecting a subdued onset for the year.
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UPI records marginal dip in June with 18.4 Bn transactions
Entrackr
·
1m ago
Medial
UPI records marginal dip in June with 18.4 Bn transactions This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. After hitting an all-time high in May, Unified Payments Interface (UPI) transactions slightly declined in June 2025 in both volume and value. According to data released by the National Payments Corporation of India (NPCI), the platform processed 18.40 billion transactions worth Rs 24.04 lakh crore in June, compared to 18.68 billion transactions worth Rs 25.14 lakh crore in May. This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. The average daily transaction count stood at 613 million in June, slightly higher than 602 million in May, while the average daily transaction value was marginally lower at Rs 80,131 crore compared to Rs 81,106 crore in the previous month. The higher daily average in June is likely due to the fewer number of days in the month compared to May. As of May, PhonePe retained its lead with a 46.47% share of the total UPI volume, followed by Google Pay with a 36.09% market share. Paytm is the third-largest UPI player with a 6.84% share of the UPI volume. New entrants like Navi, Flipkart’s super.money, and Fampay by Trio are also making notable contributions to the overall UPI volume. Besides India, UPI is currently live in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. According to media reports, NPCI is also aiming to expand UPI to additional countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations, while the UK, Oman, and the Maldives have shown interest or are in the early stages of integration.
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PhonePe logs highest UPI transactions volume in June; GPay, Paytm follow - The Economic Times
Economic Times
·
29d ago
Medial
In June, PhonePe led the UPI market with 8.55 billion transactions valued at Rs 11.99 lakh crore, capturing 46.5% of the volume and nearly 50% of the value. Google Pay followed with 6.54 billion transactions, while Paytm held the third spot with 6.9% of the total volume. The UPI network processed 18.4 billion transactions worth Rs 24.04 lakh crore. Despite rapid growth since 2016, UPI’s expansion is slowing as it nears saturation.
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Deals Digest: PE/VC transactions, M&A activity slump for second straight week
VCCircle
·
2m ago
Medial
Private equity and venture capital deal activity dropped for the second consecutive week, primarily due to the absence of large transactions and low deal volume. Data from VCCircle indicates that total deal value decreased by approximately 25% from $412 million to $313 million week-on-week. Additionally, the number of PE and VC deals fell to 23, showing a continued decline in financial activity.
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Deals Digest: PE/VC funding activity rises in value, while deal volume slumps
VCCircle
·
1y ago
Medial
This week, private equity and venture capital funding activity experienced a surge in value due to a substantial investment in the renewable energy sector. However, the overall volume of deals declined compared to previous weeks. Indian startups managed to raise a significant amount of funding, showcasing continued investor interest in the country's business ecosystem.
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