The government has been working toward enhancing the contribution of the digital economy to 20% of the Indian GDP in the next five years, from the current 7-8%.
Some of the apps being blocked in the latest blacklist have been growing well in India, the second-most-populous country in the world and one of the fastest-growing internet markets.
From the two-month-long COVID-19 lockdown to the economic slump to the Chinese funding crunch and app ban, 2020 has been a roller coaster year for entrepreneurs and investors alike.
The five-year-old firm plans to use the fresh funds to scale up its payment infrastructure, venture into new markets and product segments, and make strategic acquisitions.
