The firm expects to become profitable by the second half of 2022.

In November, Delhivery filed draft papers with the Indian market regulator to raise USD 988 million (INR 74.6 billion) through an IPO.

With its offline foray, Snapdeal has joined a slew of consumer internet companies that are going omnichannel to fuel growth and capture a larger share of the market.

The rising capital inflow in the segment over the last two years has given birth to a string of SaaS unicorns.

In this round of India Digest from November 26 to December 2, read our big story of the week, the weekly buzz, and more.

India’s quick commerce sector is set to reach USD 300 million by the end of 2021 and hit USD 5 billion by 2025.

The tie-up will enable Uber to leverage Meta-owned WhatsApp’s massive 500-million userbase in the South Asian nation.

A total of 40 unicorns were created in the first 11 months of this year, as investors pumped over USD 30 billion of venture capital into India.