Moulishree Srivastava

Smaller cities—tier 2 and beyond—contributed to about 61% of all the online shoppers during the first leg of festive sales.

BLinC has invested nearly USD 40 million (INR 3 billion) in 25 startups across edtech and fintech over seven years.

CarDekho is sharpening its focus on the used car market as it aims to expand the catalog of pre-owned cars on its portal to 10,000 from the current 3,000 in the near future.

Indian fintech startups raised a whopping USD 4.6 billion in funding across 160 deals between January and August 2021.

Swiggy Bazaar will face tough competition from incumbents like SoftBank-backed Meesho, InMobi-owned Shop101, Korea Investment Partners-backed GlowRoad, and Tiger Global-backed DealShare.

The seven-year-old startup, which counts marquee investors like Tiger Global, Steadview Capital, Accel India, Elevation Capital, and Prosus Ventures as backers, became a unicorn earlier this year.

The development comes a few days after Ola’s electric mobility business Ola Electric raised a USD 200 million funding round.

Private equity and venture capital firms have poured in a record USD 49 billion into Indian companies across 840 deals during the first nine months of 2021.