Moulishree Srivastava

Tiger Global’s appetite for growth-to-late stage deals—the flavor of the season—is the biggest driver bumping the valuation of late-stage startups.

India has over 12 million mom-and-pop shops across the country, of which 10 million are in rural areas. 

Zomato reported a revenue of INR 1,367.65 crore (USD 183 million) for the period April 1 to Dec 31, 2020, while its losses in the same period stood at INR 684.15 crore.

Urban Company is the eighth startup to achieve unicorn status in April.

According to the data collated by research firm Venture Intelligence, Indian edtech startups raised USD 616 million in the first quarter of 2021.

Beginning April, the number of COVID-19 cases has increased exponentially resulting in an acute shortage of oxygen cylinders, beds, and medicines.

The second wave of novel coronavirus in India is much more severe than the last one. Since April 15, more than 200,000 cases per day are being recorded.

Founded in 2008, Dream11 was the first Indian gaming startup to become a unicorn in 2019.