Accel, one of the most prolific e-commerce and marketplace investors in India, is making a contrarian move by turning its focus to smaller towns and villages in search […]
Prosus writes off $22 billion Indian edtech giant Byju’s
Major investor Prosus has written off the worth of its 9.6% stake in edtech firm Byju’s to zero, signaling a loss of confidence in the once-most valued Indian […]
Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation
Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the […]
Can quick commerce leapfrog e-commerce in India?
Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban […]
Indian EV startup Zypp Electric secures ENEOS backing to fund expansion to Southeast Asia
Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, […]
Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO
Go Digit, an Indian insurance startup, has raised $141 million from dozens of investors as part of an initial public offering that starts on Wednesday. Fidelity, Goldman Sachs, […]
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, […]
Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval
Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in […]
Indian quick-commerce Zepto zooms to $1.2B in annualized sales, Goldman says
Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing […]
Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise
Flipkart co-founder Sachin Bansal is in talks to raise capital for his newer startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of […]