With the new funding, Ola Electric plans to accelerate the development of electric scooters and motorbikes as well as electric cars.

The latest investment has shot up Meesho’s valuation to USD 4.9 billion from USD 2.1 billion in April 2021—a rise of 133%.

Vedantu became the 28th startup to join the elite billion-dollar club in India this year.

As global liquidity returned at the end of 2020, many heavyweight investors began pooling money to take on the monumental challenge.

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

Over 200 small and mid-sized retail technology companies have raised a total of USD 843 million between January and September 2021.

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

Nearly 70 million people are expected to shop online during the first week of festive sales, which will kick off in early October.