This week felt like a masterclass in momentum. UPI is now powering over 83% of all digital retail payments — a quiet revolution unfolding one tap at a time.

It’s official - the smartest startups aren’t trying to build it all anymore — they’re shopping. Groww’s ₹1,100 Cr. acquisition of Fisdom says it all: focused, well-built companies are now the fastest way to expand. You can read all about it in this edition. Meanwhile, on the BTS side of the world, we’re designing partnerships, rolling out field pilots, and hustling.

Ever had one of those weeks where you feel like the headlines are trying to surprise you into a double-take? Same here. First, Policybazaar — the insurance giant — decides to build actual hospitals.

We know the current environment feels a little heavy — and we’re holding space for that. But amidst it all, our founders are still showing up, building, iterating. And so, as always, we wanted to bring you a quick update from the trenches. A moment to reconnect, reflect, and continue walking this journey together.