There are likely 900,000 pieces of junk between 1 cm and 10 cm, and tens of millions of objects smaller than 1 cm capable of causing significant damage.

Amazon Pay has signed up close to five million merchants, it said last month.

PhonePe plans to become profitable and file for an IPO over the next few years.

India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.

BharatPe was valued at USD 900 million earlier this year when it raised USD 108 million in Series D round.

Flipkart competes with deep-pocketed conglomerates such as Amazon and Reliance Jio in India’s soon-to-be USD 111 billion e-commerce market.

WEH invests USD 100,000 to 400,000 in seed-stage startups and has backed a dozen companies so far.

Zomato temporarily rolled out grocery delivery service last year when India was under lockdown and the demand for groceries had picked up.