India

Gully Network aims to build a tech-enabled and asset-light network of mid-size grocery stores under the brand “Gullymart”.

Mech Mocha is backed by top tier investors including Accel Partners, Blume Ventures, Shunwei Capital, and AET Fund.

Payment services startup Paytm, cab-hailing major Ola, and hospitality giant Oyo have seen their valuations fall over the last few quarters.

ClanConnect provides brands with the real-time data about posts made by influencers for marketing campaigns.

India is on track to having 100 unicorn companies by 2025, up from the 33 at present.

Indian space tech startups have begun to attract more attention from VCs as India looks to support the private space players by extending them resources from the national space agency ISRO.

The startup claims to have onboarded 120,000 tutors in over 1,000 cities within five months of its launch.

Zoom founder Eric Yuan also participated in the round.