📰 Startup Digest (July 13)
News and updates from India's startup space and beyond.
💸 Flipkart is buying back ESOPs worth Rs 600 crore. About 6,000 employees at the e-commerce company have the option to liquidate up to 10% of their vested employee stock options.
The move is a part of the latest $3.6 billion funding round.
📱 Bhutan adopts India’s UPI. With the move, Bhutan will become the first nation to adopt Unified Payment Interface (UPI) standards for its quick response (QR) code.
It will also be the first to both issue and accept RuPay cards and accept BHIM UPI.
📈 MobiKwik files for an IPO. As per its draft red herring prospectus, the digital payment startup has filed for an initial public offering to raise Rs 1,900 crore.
The company recently raised around $20 million, which valued MobiKwik at around $700 million.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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