Enticing Sunday: BYJU's Great Fall, UPI On Rise, G20 Highlights & More

What has been the highlights of India's G20 presidency? How UPI is creating new records every month? What is happening at BYJU's? Check out all these latest updates from Indian Startup world in this enticing newsletter.

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UPI's New Milestone: 11 Billion Mark For Second Month In A Row

In a recent development, digital payments through the United Payments Interface (UPI) have exceeded 11 billion transactions for the second consecutive month. According to data released by the National Payments Corporation of India (NPCI), November witnessed 1,124 crore UPI transactions, slightly lower than October's 1,141 crore but marking a substantial 54% increase from November 2022.

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National Payments Corporation of India

Byju's Great Fall: Valuation Decline, BCCI Legal Feud & ED Notice Stand

The tough period for edtech behemoth Byju's continues as now it is grappling with a barrage of new challenges, including a valuation downgrade by tech investor Prosus and a legal battle with the Board of Control for Cricket in India (BCCI) over pending dues. The issue over notice from the Enforcement Directorate (ED) on FEMA violations is also going on. In the midst of the storm, a spokesperson for Byju's told TICE News that company is commited to regulatory compliance and confident of successfully dealing with the case.

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The Great Fall

Startups With A Cause: Rising to Meet India's Aging Challenge

India is on the brink of a demographic shift, with its elderly population set to surge from the current 138 million to an estimated 194 million by 2031. According to the Report of Technical Group on Population Projections, the population of senior citzens by the year 2036 will be 22.7 crore amounting to 14.9% of the total population.

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Investing in Age

From Talk to Action: PM Modi Highlights Achievements of India's G20 Presidency

As India completes its 365 days at the helm of the G20 Presidency, Prime Minister Narendra Modi took to the podium to mark this milestone. Emphasizing the importance of unity and shared responsibility, PM Modi's speech underscored the theme of 'Vasudhaiva Kutumbakam,' translating to 'One Earth, One Family, One Future.'

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Pm Modi g20

How Web3 Is Impacting Indian Job Market? Yay or Nay?

In India's tech journey, big changes are happening as the country gets into the exciting world of Web3. This new way of doing things online not only changes how we use the internet but also brings the chance for 2 million well-paying jobs in the next ten years.

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Web3 Impact Indian Job Market Yay or Nay

Women Entrepreneurship: What's The Good News For Arunachal Pradesh?

The second State Workshop on Enabling Women-led Development through Entrepreneurship, organized by NITI Aayog in collaboration with the Women Entrepreneurship Platform (WEP) and the Government of Arunachal Pradesh, marked a significant milestone in fostering women's entrepreneurship in the region. Held recently at the Dorjee Khandu State Convention Center, Itanagar, the workshop brought together representatives from all eight north-eastern states.

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Women Entrepreneurship NITI Aayog Workshop Success Arunachal Pradesh

Which City In India Has Produced Maximum Self-Made Entrepreneurs?

In a revelation that solidifies Bengaluru's status as India's Silicon Valley, a report by Hurun India has identified the Karnataka capital as the epicenter for the most valued companies founded by self-made entrepreneurs in the new millennium. The report showcases Bengaluru's dominance with a staggering 129 industry leaders, outshining Mumbai (78), Gurugram, and New Delhi (49).

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Bengaluru Ranking

Venture Capital Funding in Indian Startups Hits 6-Year Low: Report

Indicating a challenging time for the Indian startup ecosystem, Venture Capital (VC) funding plummeted to a six-year low in November 2023. Data released by Venture Intelligence on December 1 revealed that Indian startups secured a mere USD 223 million in funding across 35 deals. This marked a significant decline of approximately 66 percent from the preceding month, where USD 655 million was raised in 52 deals.

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Startup funding

Tech and Tradition Unite: Ayurveda Startup Challenge Unveiled

To encourage startups and individuals working on innovations in the field of Ayurveda and alternative healing, a Ayurveda Grand Startup Challenge is being held by the government, the prize money for which is as high as Rs 5 lakhs along with the incubation opportunity.

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Ayurveda and Innovation

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