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UPI: 10 Billion Transactions again💸, Mangalyaan-2🔴
Byju's Financial Delays, Gamers Navigate Tax Challenges, Latest Funding Deals, and more.
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💸 UPI Sets New Record: 10 Billion Transactions Again📈
Unified Payments Interface (UPI) is on a roll, crossing the 10 billion transaction mark for the second consecutive month. Despite maintaining a flat volume compared to August, UPI recorded a whopping 10.56 billion transactions in September, amounting to a staggering Rs 15.8 lakh crore (Rs 15.8 trillion). The digital payment wave continues to surge! 💰
🚀 ISRO Set to Embark on Mangalyaan-2 Mission to Mars🔴
India's space agency, ISRO, is gearing up for another groundbreaking venture to Mars with Mangalyaan-2. Nine years after the historic Mangalyaan, this new spacecraft will carry four advanced payloads to explore the red planet. 🌌
📊 Byju's Faces Delays in Releasing FY22 Financials💰
Byju's, the edtech giant, is set to hold a crucial board meeting to approve its long-delayed FY22 financial results. The delay, stretching over a year, has raised concerns among investors and lenders, particularly those supporting the company with a significant $1.2 billion term loan. 📉
💸 Gamers Gear Up Amidst Tax Turmoil🎮
With the looming introduction of a 28% goods and services tax (GST) in the online gaming industry, gamers and influencers have rushed to secure their positions by increasing deposits in the past two months. This anticipation has led to a remarkable surge, with some gaming platforms witnessing a staggering 300% increase in daily deposits. ⚖️
Open source observability platform SigNoz has raised $5.4 million in a fresh funding round led by SignalFire. It also saw participation from Uncorrelated Ventures, Alumni Ventures and a host of angels including GitHub co-founder Tom Preston-Werner.
Linen management firm Quick Smart Wash (QSW) has secured $5.15 million in a Series B round led by Japan-based Elan Corporation.
Luxury streetwear jewellery brand Drip Project has raised an undisclosed amount in a funding round led by Blume Ventures’ Blume Founders Fund.
Tweet of the day🐥
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