India

The government has been working toward enhancing the contribution of the digital economy to 20% of the Indian GDP in the next five years, from the current 7-8%.

Gurugram-based Cars24 saw its valuation double to USD 1 billion after raising USD 200 million Series E round led by DST Global.

Some of the apps being blocked in the latest blacklist have been growing well in India, the second-most-populous country in the world and one of the fastest-growing internet markets.

From the two-month-long COVID-19 lockdown to the economic slump to the Chinese funding crunch and app ban, 2020 has been a roller coaster year for entrepreneurs and investors alike.

The five-year-old firm plans to use the fresh funds to scale up its payment infrastructure, venture into new markets and product segments, and make strategic acquisitions.

ConveGenius uses publicly available resources to gather study materials that are in line with government-approved curricula.

True Balance offers services like utility bill payment, insurance, lending, and an e-commerce marketplace.

Since 2018, India has been seeing a rise in usage of social commerce platforms such as Meesho, Shop101, GlowRoad, and Bulbul.