NewsSequoia-backed Indian bus aggregator Shuttl clocks over USD 14 million in revenueShuttl claims daily ridership of 100,000 rides across six Indian metros. 2 mins read
Cloudtail had to temporarily halt its operations in February 2019 due to changes in India’s FDI rules. NewsAmazon India’s biggest seller Cloudtail reports profitability in FY 20192 mins read
Club Factory, AliExpress, and Shein are under the radar of India’s customs department for evading customs duty. NewsClub Factory raises USD 100 million in Series D round led by Qiming Venture3 mins read
WeWork India plans fundraising for expansion to turn a profit, in the face of parent’s IPO debacle. NewsWeWork India wants to raise funds, expand and turn profitable, despite parent’s IPO debacle2 mins read
The jewellery e-tailer targeting the contemporary Indian woman, clocks a y-o-y growth of 400% in FY2019. NewsLightbox Ventures-backed online jewellery brand Melorra raises USD 12 million in Series C round2 mins read
Indian technical institutes of excellence to be roped in for the mission NewsIndia to fund 100 AI startups, fostering local language translation ecosystem2 mins read
Funds to be used for expansion of hospitality business in the US and UK markets. NewsSoftBank-backed OYO to be valued at USD 10 billion after talks for USD 1.5 billion fundraise3 mins read
India’s new FDI rules for e-commerce companies might have to do with the fall in investment. NewsAmazon reduces its India investment by one-third2 mins read
Zomato and Swiggy are capital hungry to scale up as competition intensifies. NewsAnt Financial to lead USD 600 million funding in Indian food tech Zomato2 mins read