Under the investment deal, Dunzo will also power last-mile deliveries for retail stores operated by Reliance Retail.

E-commerce giants Amazon and Flipkart saw their revenue from operations surge by 49% and 32% respectively in FY 2021 as millions of people opted to shop online due to the COVID-19 pandemic.

India witnessed 97 mega deals—rounds over USD 100 million—worth USD 24 billion in 2021, compared to 28 such investments worth USD 5.5 billion in 2020.

KrASIA spoke with experts who shared key advice for investors.

In this round of India Digest from December 17 to December 23, 2021, read our big story of the week, the weekly buzz, and more.

41 startups turned into billion-dollar companies after landing fat checks from marquee investors like Tiger Global and SoftBank.

VCs pumped over USD 34 billion into Indian startups this year so far, 200% more than 2020, which created 41 unicorns.

Snapdeal plans to use INR 9 billion (USD 119 million) from the IPO proceeds for organic growth initiatives over the next five financial years.