Digital payments boom again

From UPI's record growth to Flipkart's social commerce bet and Zomato seeking CCI nod for Grofers deal, here's a quick look at the top tech news today.

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New IT rules: Koo becomes first social media platform to release compliance report publicly

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UPI transactions hit all-time high in June as second wave ebbed

As many as 2.8 billion UPI transactions worth Rs 5,47,373 crore were clocked in June, data released by NPCI showed. That’s a 10.6% jump in volume and 11.56% surge in value compared to May.

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The Sleep Company raises Rs 13.4 crore in pre-Series A funding round

The Sleep Company, a D2C mattress and furniture brand, will use the funding to ramp up R&D capabilities and hire talent, and for branding and global expansion.

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Uber lost China, but gained handsomely in Didi Global IPO

Shares of Didi Global rose 1% after the blockbuster IPO, ascribing the Chinese ride-hailing firm a market cap of about $68 billion. That makes Uber’s current 12% stake in the company worth about $8.1 billion.

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This decade will be 'India’s Techade', PM Modi says

India’s data and demographic dividend — along with its proven technical proficiency — will make this decade the country's “Techade”, PM Narendra Modi says on at the sixth anniversary of Digital India.

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Flipkart’s Shopsy to tap networks of individuals and small businesses

Shopsy is essentially Flipkart’s answer to Shopify—a social commerce platform that will allow individual entrepreneurs and small businesses to share product catalogues and take orders through platforms such as WhatsApp.

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