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Zomato awaits investment from Ant Financial amidst regulatory uncertainty
Zomato had announced it has raised USD 150 million in January from Ant Financial, Info Edge, Sequoia Capital, and Temasek Holdings.
2 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
In its five year journey, Milkbasket has raised a total of USD 38 million from an array of investors.
Jio Platforms raised USD 1.5 billion from Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a 2.32% stake.
Airtel has operations in 18 countries across Asia and Africa. At the end of March 2020, it had over 423 million customers.
Hyper-local delivery, a model of picking up goods from neighborhood stores, warehouses, and supermarkets, had gained widespread investor interest a few years ago.
Online shoppers from tier 2 and smaller cities make up nearly half of all the e-commerce user base in the country.
With its 388-million-strong subscriber network, Jio has the potential to create multiple revenue streams, the reason why investors are flocking to it.
The early-stage venture capital firm invests across health tech, fintech, direct-to-consumer brands, marketplaces, social commerce, as well as content and media companies.
The eight-year-old firm had last raised USD 50 million a year ago at a valuation of USD 350 million.