India

The fund will invest in around 10-15 companies and write checks worth USD 943,300 to USD 1.3 million.

It claims to process more than 600,000 daily orders from 525 cafeterias that are spread across 20 cities.

The ongoing pandemic has helped the company rope in more schools as online tutoring has become critical for schools to function during the lockdown.

NPCI kicked off its global expansion last year, starting with UAE and Singapore, where both UPI and RuPay have a presence.

More than half of total angel investments went into health-tech startups in the first half of 2020.

Sequoia’s seventh fund will direct USD 1.35 billion toward startups in South and Southeast Asia.

Lightspeed India Partners made partial exits of nearly USD 900 million last year from its two star portfolio firms, Oyo and Byju’s.

From stock cataloging to POS billing solutions to grocery deliveries, the company has adapted quickly to keep with the times.