In the three-day IPO that concluded on November 10, Paytm was oversubscribed 1.89 times, receiving bids for a total of 91.4 million shares against the 48.3 million shares available.

SEBI wants a cap on IPO funds that startups can deploy for M&As unless they specifically disclose takeover targets beforehand.

Nykaa said its consolidated gross merchandise value rose 63% YoY and 10% sequentially in Q3 of 2021 to reach INR 16.2 billion.

InnoVen Capital has also launched a USD 100 million India fund and a USD 50 million Southeast Asia fund earlier this year.

In this round of India Digest from November 5 to November 11, 2021, read our big story of the week, the weekly buzz, and more.

India and Southeast Asia are just two to three years behind the US and Europe in terms of fostering climate solution startups, Bean believes.

SoftBank has reportedly invested about USD 3 billion in India so far this year.

Zomato plans to deploy USD 1 billion over the next one to two years to build a hyperlocal e-commerce ecosystem.