UPI 2.0 is here - newer and better; why companies like ZipGo and Ola are bullish on electric vehicles

After a delay of several months, Indian retail payments organisation National Payments Corporation of India (NPCI), in a closed-door event with industry players, released UPI 2.0, the upgraded version of the Unified Payments Interface (UPI). The upgrade will, among other things, allow the users (i.e., the merchants) to link their overdraft (OD) accounts to UPI, enabling them to continue withdrawing money even if the account doesn't have sufficient funds. The new upgraded version of UPI has also increased the transaction limit to Rs 2 lakh per transaction.

Angel investing has soared in recent years, as many individuals seek better returns on their money than what they can get from traditional investment methods. From Freshworks' Girish Mathrubootham to Flipkart's Binny Bansal, here are this year's top angel investors in Indian startups.

Stuck between the devil and the deep blue sea while trying to get his passport, Nikhil identified a common enough problem that begged a solution. And that’s how the citizen services platform HatupQ was born. The platform allows you to upload necessary documents and takes care of the rest, so you get your documents right at home. Currently, HatupQ helps get driving licence, passport and PAN cards. It also helps with the renewal of these documents.

Last week, Bengaluru-based online bus aggregator ZipGo announced its Rs 300 crore fund raise, and said it would use the funds to transition its fleet to electric vehicles. ZipGo isn’t the first to bet on electric vehicles, and it won’t be the last. So what is driving India’s ‘electric revolution’? The government push is helping. As part of its electric mobility plan, the Centre is targeting the conversion of 30 percent of the country’s total vehicle fleet to electric by 2030. While there is strong speculation whether India can really achieve an all-electric vehicle mission by 2030, companies remain bullish on the shifts and changes seen in the market.

Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!