The domestic equity markets extended their losses in the early trade on Tuesday, with selling pressure visible across major sectors. At 11:01 am, the BSE Sensex was down 148.62 points, or 0.19%, at 77,220.49, while the NSE Nifty was trading at 24,144.90, down 0.31%
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Indian equity benchmarks opened marginally lower on Tuesday, tracking weak cues from Asian markets. The BSE Sensex was down 40.66 points, or 0.05%, at 77,328.45 in early trade, while the Nifty 50 fell 0.14% to 24,184.45. The Nifty Bank was relatively steady, down 0.06% at 57,491.85
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Wholesale sugar prices have declined by around 15% over the past few days following the Centre’s decision to allow duty-free imports of 10 lakh tonnes of raw sugar and its crackdown on hoarding and stock manipulation. However, retail prices remain elevated at around Rs 75 per kg
The Story So Far: Retail and wholesale prices of sugar have risen by about 40%, in some States even up to 50%, from the prices in the corrersponding period of last year. In eight States such as Uttarakhand, Punjab, Madhya Pradesh, and Odisha, the price touched more than ₹65 a kg. As on August 23
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Indian payments firms raised $5
Indian payments firms raised $5.8 bn in last five years
India’s payments sector has raised $5.8 billion across 371 equity funding rounds since January 2021, while producing eight initial public offerings (IPOs) and triggering 25 acquisitions, as the industry increasingly consolidates around a handful of well-funded players, according to data from global market intelligence platform Tracxn.
The funding cycle has witnessed significant volatility as investment peaked in 2021 before the market correction between 2022 and 2024 ushered in a prolonged funding winter. The sector showed tentative signs of recovery in 2026, Tracxn said.
The overall funding figure, however, masks a sharp concentration of capital among market leaders. CRED’s $540 million funding round was among the largest transactions during the period.
The five biggest recipients — CRED and PhonePe, with roughly $1 billion each, Pine Labs with $641 million, Razorpay with $535 million and BharatPe with $440 million -- accounted for about 66% of disclosed capital raised during the period.
The concentration reflects a shift in investor preference towards scaled companies with established market positions, rather than a broad-based flow of capital across the payments industry.
Consumer-apps attracted the largest share of funding at 53%, followed by business payments at 38%. Payments enablers, including APIs and infrastructure providers supporting the underlying payment rails, accounted for the remaining 9%.
The funding concentration was also evident in companies’ cumulative capital raised over their lifetimes. The 10 best-funded payments companies have collectively raised about $9.4 billion, with Paytm leading at $2.8 billion, followed by PhonePe at $1.7 billion and CRED at $1.5 billion. The three companies remain prominent participants in India’s UPI-led digital payments ecosystem.
UPI has emerged as a key driver of the payments industry’s growth. The platform now accounts for nearly 49% of global real-time payment transactions, according to Tracxn. In FY26, UPI processed transactions worth ₹314 lakh crore, with daily volumes of around 66 crore transactions.
Published - August 21, 2026 09:49 pm IST
economy, business and finance / financial and business service / technology (general)
Source: TheHindu
Related Posts: India payments,CRED,PhonePe,UPI
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