Consumer Economy

Ant is seeking a valuation of more than USD 200 billion, according to a Reuters report.

Dropee offers a SaaS for wholesalers and brands to bring their offline trading processes online. It counts British American Tobacco and Petronas among its clients.

The Saudi Ministry of Tourism issues the first license for touristic rental of private property, similar to Airbnb.

The previous investors Earlybird Venture Capital (Berlin) and FJ Labs (New York) have exited the startup.

The USD 4.5 billion check that Google wrote for a 7.7% stake is the second-largest investment in Jio Platforms after Facebook.

Ourfarm is an agriculture e-commerce platform where F&B businesses can buy fresh produce in bulk straight from a network of farmers.

India has sent a list of 77 questions to all the 59 companies facing ban and has given them three weeks’ time to respond.

Earlier this year, Amazon announced it would invest USD 1 billion in the country.