Paytm

With the Indian government amending FDI rules and banning two of its services in the country, Alibaba’s prospects of building a business empire in India came to a dead-end.

Atmanirbhar Digital Indian Foundation (ADIF) will work with government to design a legal and policy framework that would encourage the growth of digital economy.

The Noida-headquartered payment and financial services firm aims to become profitable by 2022.

Turtlemint works with more than 100,000 on-ground financial advisors who use its digital tools to recommend insurance policies to consumers.

Startups that have received letters from CCI include Paytm, Zomato, PhonePe, UpGrad, Dream11, GOQii, Razorpay, and Matrimony.com.

Payment services startup Paytm, cab-hailing major Ola, and hospitality giant Oyo have seen their valuations fall over the last few quarters.

Flipkart’s payment arm PhonePe emerged as the top UPI payment destination.

The company claims to be the emerging number two player after Dream11.