Avanish Tiwary

The funding round comes less than a month after the Karnataka High Court said that electric bikes could be used as taxis for hire by passengers.

Indians have invested USD 6.6 billion in the crypto market.

The funding comes at a time when the Reserve Bank of India, said it was working on its own digital currency.

The company will soon have its own product lines for groceries, general merchandise, and electronics.

With a record number of Indian startups becoming unicorns this year and around a dozen preparing to go public, the availability of venture capital in the market has shot through the roof.

New York-headquartered Tiger Global has invested in over a dozen Indian startups and has poured in around USD 300 million in the last seven months.

Leher came into the limelight last year when it opened up its platform for users to create private groups, much like Clubhouse.

CCI has been quite active in investigating internet companies that are allegedly exploiting their dominant position in the market.