The handshake between the two payment gateway giants will make PayU one of the largest online payment providers locally and globally by total payment volume.

Earlier this month, Ola launched its two-wheeler EV Ola Scooter and ventured into the used car retailing space.

In this round of India Digest from August 20 to August 26, 2021, read our big story of the week, the weekly buzz, and more.

By 2025, India is expected to become a USD 100 billion addressable market for D2C brands.

More retail investors are expected to join and benefit from India’s IPO boom.

A host of companies like Lenskart and Dream Sports, which entered the unicorn club in the last few years, are expected to drive strategic investments in startups.

Spoton is the second acquisition by Delhivery this year. In March, it scooped up Primaseller, a California-based SaaS company providing order management software for omnichannel retailers.

Khatabook, which has raised over USD 200 million to date, competes with digital ledger solution providers such as OkCredit and Vyapar.