Indian fintech startups raised a whopping USD 4.6 billion in funding across 160 deals between January and August 2021.

Swiggy Bazaar will face tough competition from incumbents like SoftBank-backed Meesho, InMobi-owned Shop101, Korea Investment Partners-backed GlowRoad, and Tiger Global-backed DealShare.

Vaibhav Jain shares his inspiration behind the platform and offers tips on how to organize better virtual events.

The seven-year-old startup, which counts marquee investors like Tiger Global, Steadview Capital, Accel India, Elevation Capital, and Prosus Ventures as backers, became a unicorn earlier this year.

In this round of India Digest from October 1 to October 7, 2021, read our big story of the week, the weekly buzz, and more.

The development comes a few days after Ola’s electric mobility business Ola Electric raised a USD 200 million funding round.

Private equity and venture capital firms have poured in a record USD 49 billion into Indian companies across 840 deals during the first nine months of 2021.

Oyo’s net income nose-dived 69% to USD 558 million in the financial year ended March 31, 2021, from USD 1.8 billion in FY 2020—the year before the pandemic hit.