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.

Indian SaaS companies currently generate USD 2–3 billion in annual revenue, representing about 1% of the USD 220 billion global SaaS market.

Freshworks’ share price surge up to 33% to around USD 48 on the back of high investor demand, while its market capitalization ballooned to USD 13 billion on the first day of trading.

Ride hailer claims plant is world’s largest staffed entirely by women.

The Mumbai-based firm made a profit of USD 24.4 million in the financial year ended March 31, 2020—a big jump from the USD 11.7 million loss it made a year earlier.