{
  "id": 14854061,
  "title": "Shop Pay’s India Debut, Zetwerk IPO Day 1 & More",
  "url": "https://urgent.news/2026/10/16/shop-pays-india-debut-zetwerk-ipo-day-1-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T02:30:11.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/shop-pays-india-debut-zetwerk-ipo-day-1-more/"
  },
  "original_language": "en",
  "account": "Shopify prepares to launch Shop Pay in India by Q1 2027, aiming to challenge domestic checkout competitors like GoKwik and Razorpay. The SaaS giant will integrate with multiple payment service providers, leveraging its existing merchant network and deep integration with Indian D2C brands. Shop Pay will offer customers the ability to save payment and shipping details for faster purchases across participating stores. However, the new service faces stiff competition from local players offering specialized, India-centric features. Zetwerk's IPO saw a moderate subscription rate, with bids covering 23% of the shares on offer. The company's IPO value is estimated at around ₹25,583 Cr. Jio Financial Services reported a 51% YoY decline in net profit to ₹340.4 Cr in Q2 FY27, primarily due to increased expenditures and lack of dividend income. Origin, a physical AI startup, raised ₹190 Cr in a strategic round led by Accel and Zacua Ventures to develop modular autonomous robots for construction and experiment with new use cases. Canadian investor Fairfax Financial Holdings is proposing to transfer its 49% stake in Digit Insurance to IDBI Bank, which would make IDBI Bank the holding company for the insurance business. Udaan, a B2B e-commerce unicorn, narrowed its net losses by 19.4% YoY to ₹851.5 Cr in FY26, driven by revenue growth and tighter execution. However, concerns remain over its ability to sustain profitability and continue as a going concern.",
  "summary": "Shopify’s India Checkout Bet Shopify is preparing to bring Shop Pay to India. Setting up a direct clash with domestic…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}