Alibaba’s rough year gets a little rougher ahead of Singles’ Day.
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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.
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.