India's UPI Goes Global, ONDC Launches Beta Testing - Indian Startup News 141

ONDC: https://paytmmall.com/ondc-ondc-glpid-289844?page=1&latitude=12.8452174&longitude=77.6421466
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This week in Indian Startup News: UPI is off to International markets, ONDC launches its Beta tests!, Meesho crosses Amazon in festive sale orders.

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00:00 Introduction
00:10 UPI is going GLOBAL
02:01 ONDC launches Beta tests!
03:58 Bird's Eye Segment
05:52 Quick Update
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UPI is off to International markets:

1. On 3rd of April, 2020, the NPCI registered a subsidiary company called NPCI International Payments Limited (NIPL) with a motive to make UPI an internationally accepted and used payments service. The NIPL’s primary focus is to make UPI and RuPay as widely accepted as possible and it seems like they are on the right track in doing so.
2. A lot of countries across the globe have already adopted UPI as an accepted form of payment in their country. These include Singapore, France, UAE, The UK, Russia, Nepal, and all of the other countries that you are seeing on your screen. And on top of this, NPCI International is also in talks with 30 more countries for the adoption of UPI in which 3 have already signed MoU regarding the same.

ONDC launches beta tests!:

1. ONDC’s is not yet available in every city or pan-India as it is still in its pilot stage but the beta tests which launched on 30th September, 2022 are currently live in 86 cities which include cities like Bengaluru, Delhi, Bhopal and Lucknow.
2. The first app that went live on ONDC was Paytm Mall. This also means that almost all Bengaluru-based users can now order products online from various sellers that are listed on the ONDC via the Paytm app.


Funding this week:

This week at least 6 Indian Startups raised more than $1 Million, in total raising $328 Mn. These are the top three-
1. Meesho raised $192 Million
2. Euler motors raised $60 Mn
3. Byju's raised $49 Million


Quick Update:

Meesho beats Amazon in festive order volumes!

1. Flipkart continues to lead the festive season sale with an order sale share of whopping 49%. But, for a change the second spot is now held by Meesho instead of Amazon with a sale share of 21%.
2. Now, this data is only for the first week so there’s a chance that Amazon can catch up in the coming weeks but it’s interesting to see that what has always been an Amazon vs Flipkart fight is now witnessing a third player, Meesho.

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