Government-backed open commerce network ONDC has secured Rs 220 Cr of a Rs 430 Cr round from strategic investors including Zoho (Rs 70 Cr), Uber, Paytm and SBI (Rs 60 Cr each), and BSE Technologies (Rs 30 Cr). Capital will fund AI-led commerce, DigiCatalog and MSME digital rails as transactions hit 218M in FY26.

Entrackr · Newsletter · 6/2/2026, 5:18:17 PM

Uber and Paytm have each committed ₹60 crore to ONDC, following Zoho's ₹70 crore round, deepening ties with the government-backed network now powering 300,000 metro tickets/day across 5 cities and tracking toward 218 million transactions in FY26.

Business Standard · Companies · 6/2/2026, 3:54:27 PM

ONDC raised ₹220 Cr ($23.1 Mn) via private placement, with Zoho putting in ₹70 Cr, Uber and Paytm ₹60 Cr each, and BSE ₹30 Cr. The capital deepens strategic backing as the network scales to 7.64 lakh sellers across 616 cities and clocks 21.8 Cr transactions in FY26.

Inc42 · Buzz · 6/2/2026, 12:17:15 PM

Cantabil Retail expanded its physical footprint to 662 outlets after opening four new showrooms, extending its value-apparel network as peers consolidate. The update came alongside broader retail moves including VIP's Travel VIP launch and Emami's IncNut stake hike to 59.69%.

NDTV Profit · 6/2/2026, 1:38:06 AM

RBI's proposed PPI rules cap P2P transfers at ₹25,000/month, cash loading at ₹10,000, and wallet balances at ₹2 lakh, pressuring fintechs that processed 695M transactions worth ₹22,448 crore. Industry, led by Paytm and Mobikwik with 110M active users, is lobbying for phased rollout.

The Hindu BusinessLine · 6/1/2026, 3:41:13 PM

May UPI volumes rose 4% MoM to 23.20 billion transactions; value climbed 3% to ₹29.90 trillion. Daily run-rate hit 748 million transactions and ₹96,465 crore. PhonePe holds 46.2% volume share, Google Pay 33%, Paytm 8%. Average ticket size has shrunk to ₹1,313 from ₹1,848 in 2021 as UPI penetrates everyday and quick-commerce spend.

The Hindu BusinessLine · 6/1/2026, 3:07:04 PM

Draft PPI framework caps wallet P2P transfers at ₹25,000/month, cash loading at ₹10,000, and balances at ₹2 lakh — squeezing fintechs that processed 695M transactions worth ₹22,448 crore. Paytm (110M users) and Mobikwik most exposed; industry pushing for phased rollout.

The Hindu BusinessLine · 6/1/2026, 2:53:04 PM

At ConsumerX Ventures launch, Paytm CEO Vijay Shekhar Sharma framed AI as a force multiplier for India's consumption economy, predicting 10X startup scaling, a premium-quality-led consumer shift, and rising digital payment volumes powered by AI-built customer trust.

Business Today · Latest · 6/1/2026, 8:49:35 AM

Government-backed ONDC now processes 300,000+ daily metro and bus tickets across seven cities through 30+ apps, having crossed 450 million cumulative transactions. The network is expanding into tourism with 850 experiences, 170 ASI monuments, and 12 National Museums onboard.

Business Standard · Companies · 6/1/2026, 8:28:20 AM

UPI clocked 23.2 Bn transactions worth ₹29.9 Lakh Cr in May 2026, up 3.8% MoM and 24% YoY in volume. PhonePe (47.07%) and Google Pay (33.54%) still command 80%+ share, with Paytm trailing at 8.10%. NPCI is weighing shared soundbox infra and a 30% market-share cap by December 2026.

Inc42 · Buzz · 6/1/2026, 8:03:57 AM

UPI volume hit 23.2 Bn in May 2026 (+3.8% MoM, +24% YoY) with value at ₹29.9 Lakh Cr. PhonePe holds 47.07% and Google Pay 33.54%, leaving Paytm at 8.10%. NPCI is reviving the 30% market share cap deadline to Dec 2026 and planning shared soundbox infrastructure for merchants.

Inc42 · 6/1/2026, 8:03:42 AM

India's UPI rail processed 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, averaging 748 Mn daily transfers and Rs 96,465 crore in daily value. Volumes grew 3.8% MoM. PhonePe leads with 46.2% share, followed by Google Pay (33%) and Paytm (8%); smaller apps are pushing NPCI for a level playing field.

Entrackr · Newsletter · 6/1/2026, 4:37:37 AM

Foreign investors are skipping primary issues at stretched valuations and routing ₹1.1 trillion into block trades YTD. FPI share of QIB allocations is set to drop to 25% in 2026 from 42% in 2025, forcing Zepto, Jio Platforms, PhonePe ($1.3bn IPO deferred) and boAt to accept domestic MF-led pricing discipline.

Mint · Markets · 6/1/2026, 12:42:17 AM

Speaking at the launch of ConsumerX Ventures, a Rs 150 crore fund backing digitally-native consumer brands, Paytm CEO Vijay Shekhar Sharma dismissed slowdown concerns and projected sustained expansion in India's payments and mobile economy, with AI as the key accelerant.

Financial Express · BrandWagon · 5/31/2026, 9:11:03 AM

Vijay Shekhar Sharma is betting on India's resilient consumption and AI-driven growth, unveiling ConsumerX Ventures — a Rs 150 crore early-stage fund for digitally native consumer brands. He dismissed concerns of a transaction slowdown, arguing digital payments still have significant headroom.

The Hindu BusinessLine · 5/31/2026, 5:42:59 AM

Paytm founder says India's digital payments and mobile economy have significant runway, with no slowdown in transaction growth. He unveiled ConsumerX Ventures, a Rs 150 crore early-stage fund backing digital consumer brands, in partnership with D2C Insider.

ET Small Business · 5/30/2026, 4:48:31 PM

Delhi High Court rejected Google's intermediary defence, ruling it cannot let competitors bid on Hindware's trademarked keywords in Google Ads. The precedent threatens a core performance-marketing tactic across Indian ecommerce, fintech, food delivery, travel and D2C brands.

NDTV Profit · 5/29/2026, 10:20:50 AM

Paytm has launched Pocket Money, a supervised UPI feature built on NPCI's UPI Circle framework, allowing teenagers to transact without their own bank accounts under parental controls. The move pits Paytm against FamApp, Junio, Walrus and Akudo as fintechs chase Indian teens for early customer acquisition.

Business Today · Latest · 5/29/2026, 2:35:07 AM

Zomato is targeting India's $25 Bn healthy F&B opportunity with a subscription-led meal-plan feature in three metros, while peers like PhonePe (47% UPI share) and TBO Tek dominate adjacent newsletter headlines.

Inc42 · 5/29/2026, 2:34:58 AM

PhonePe processed 1,033 Cr UPI transactions worth ₹14.31 Lakh Cr in April 2026, lifting share to 47.07%. Google Pay held 33.54% and Paytm 8.10%. Total UPI volumes dipped 1.3% MoM to 2,235 Cr but grew 25% YoY. NPCI is exploring interoperable soundboxes and revisiting the 30% market share cap.

Inc42 · Buzz · 5/28/2026, 7:48:22 AM

PhonePe processed 10.33 billion UPI transactions in April 2025, its second straight month above the 10 bn mark, commanding 46.2% volume and 49.3% value share worth Rs 14.31 lakh crore. Google Pay (7.36 bn) and Paytm (1.77 bn) trailed. Grocery led merchant categories with 3.72 bn transactions worth Rs 80,449 crore.

Entrackr · 5/27/2026, 9:38:24 AM

PhonePe processed 10.33 billion UPI transactions in April, holding 46.2% volume share and 49.3% value share at Rs 14.31 lakh crore. Google Pay trailed at 7.36 billion and Paytm at 1.77 billion of the 22.34 billion total. Grocery and supermarkets led merchant categories with 3.72 billion transactions worth Rs 80,449 crore.

Entrackr · 5/27/2026, 9:22:29 AM

A Paytm subsidiary is channeling €9 million into its European arm, underscoring the Indian fintech major's continued capital commitment to overseas operations even as it recalibrates its domestic payments business.

Moneycontrol · News Web · 5/26/2026, 2:58:59 PM

Aditya Birla Fashion and Retail, Pine Labs, Paytm, Trident and Awfis Space Solutions feature on Monday's pre-market watchlist alongside CONCOR, Amara Raja, Hitachi Energy and BEL, signalling event-driven moves across consumer-facing names.

Moneycontrol · News Web · 5/26/2026, 2:56:58 PM

D2C sneaker brand Yoho raised Rs 15 Cr equity and Rs 8 Cr debt, led by Gulf Islamic Investments and Rajeev Misra with Paytm's Vijay Shekhar Sharma joining. Capital fuels an offline pivot via 2,500 multi-brand outlets and AI-enabled EBOs, targeting India's $6B sneaker market by FY32.

Entrackr · Newsletter · 5/26/2026, 7:30:01 AM

Pine Labs reported Q4 net profit of ₹59.4 Cr on revenue of ₹700.5 Cr (+14.7% YoY) with EBITDA up 73% to ₹146 Cr, marking its first full-year profit. Paytm committed ₹100 Cr to its European arm, Awfis Q4 profit doubled to ₹23.2 Cr, GIVA crossed ₹518 Cr revenue across 350+ stores, and Yes Madam raised ₹50 Cr from Info Edge.

Inc42 · 5/26/2026, 2:34:45 AM

ABFRL posts Rs 164 cr loss on 16% revenue growth to Rs 1,990 cr. Pine Labs swings to Rs 59 cr profit on 17% sales rise. Awfis profit doubles to Rs 23 cr; Travel Food Services revenue up 26%. Raymond raises Rs 331 cr via promoter warrants; Lemon Tree adds Kumbakonam property.

Business Today · Latest · 5/26/2026, 2:00:03 AM

Paytm Cloud Technologies will subscribe to 9 million equity shares of step-down subsidiary Paytm Europe Payments at €1 each, taking 100% ownership and funding operations through June 2026 as the fintech expands its overseas footprint.

NDTV Profit · 5/25/2026, 4:59:11 PM

One97 Communications will route €9 Mn (₹99.8 Cr) through Paytm Cloud Technologies into Luxembourg-based Paytm Europe Payments by June 2026, extending an international build-out spanning UAE, Singapore, Saudi Arabia, Brazil and Indonesia after its maiden profitable year in FY26.

Inc42 · 5/25/2026, 2:06:17 PM

One 97 Communications will route €9 million through Paytm Cloud Technologies into wholly-owned step-down subsidiary Paytm Europe Payments, a Luxembourg entity yet to begin operations. The infusion lifts paid-up capital from €1M and signals intent to build a European payments footprint by mid-2026.

Business Standard · Companies · 5/25/2026, 1:56:14 PM