Avanish Tiwary

By locally manufacturing the world’s most sought-after test kits, the company has been able to reduce testing costs by one-third.

In the past three years Reliance has spent USD 3 billion to acquire technology startups to strengthen its position in India’s growing e-commerce space.

RTP Global recently announced a USD 650 million fund to invest in early stage startups.

In a similar move, Amazon Pay launched credit service to its users.

The fresh investment takes PhonePe’s total raised amount to USD 928 million.

Paytm was valued at USD 16 billion last year when the US-based asset manager T Rowe Price—as a new investor—poured USD 150 million into the Noida-based company.

The need and opportunity for digitization is further accentuated now. All sectors will be forced to digitize in order to survive.

Edtech startups in India have raised USD 686.32 million in 21 rounds of investment in the first quarter of this year.