This week in Indian Startup News, OYO has filed for an IPO, UPI can now be used in credit cards too, ONDC beta testing to begin soon, Co-founder of Zepto, recently emerged as the youngest Indian to have a net worth of over Rs 1,000 crore in a survey.  00:12 Introduction 02:37 OYO filed for an IPO 03:50 UPI can now be linked to Credit Card 03:53 Sponsored Segment 04:57 Bird's Eye Segment 07:12 Quick Updates  OYO has become EBITDA positive for the first time since its registration in 2012. The company saw its EBITDA margins rise to +0.5% in quarter 1 of FY23 from -9% in FY22. This is because they have managed to cut off a lot of expenses. The narrowing of losses has also prompted OYO to file fresh documents for its IPO with SEBI. It’s a speculation that they are looking to go public at the end of October, somewhere around Diwali.  RuPay credit cards can now be linked to UPI! Yes, you heard right, now you can use your RuPay credit card to do UPI transactions. Well, this is just a pilot as of now, and hence, has only been launched for customers of Punjab National Bank, Union Bank of India, and Indian Bank. The pilot phase will be centered on extracting ‘actionable learnings’ from the operations. The project will be scaled up with time to include other banks and to increase usage.  Funding this week: This week at least 10 Indian Startups raised more than $1 Million, in total raising $161 Mn.  Zopper raised $75 Million Bhanzu raised $15 Mn Join Venture raised $23.5 Million  Urban Company FY22 Loss Widens 2X To INR 514 Cr but the Operating Revenue increases upto 77%.  19 yr old Kaivalya Vohra, the co-founder of Zepto, recently emerged as the youngest Indian to have a net worth of over Rs 1,000 crore in a survey.