📰 Startup Digest (Aug 2)

News and updates from India's startup space and beyond.

🚨 PM Modi launches a new payment system. e-RUPI – the Indian government's digital payment solution meant to ensure delivery of welfare services – is set to go live at a Mumbai Covid vaccination centre.

⚡️ Policybazaar files DRHP for IPO. The online insurance aggregator’s initial public offering (IPO) will comprise a fresh issue of Rs 3,750 crore and an offer for sale of Rs 2,267.5 crore.

📦 Delhivery to acquire Spoton Logistics. The company has inked a $200-million deal to acquire a 100% stake in the rival logistics player.

Amanat Khullar is the Content and Editorial Manager at ADIF.

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