The development comes three weeks after the Mumbai-based beauty brand closed a USD 71.3 million Series C round to scale its business across the South Asian market.

Since the pandemic hit India in March 2020, 30–35 million new customers began transacting online, taking the total online shopper base to 140 million.

The funding round comes less than a month after the Karnataka High Court said that electric bikes could be used as taxis for hire by passengers.

In this round of India Digest from August 6 to August 11, 2021, read our big story of the week, the weekly buzz, and more.

Indians have invested USD 6.6 billion in the crypto market.

Online travel agency ixigo is one among the few internet companies to turn profitable in FY 2021.

The spirituality market in India was worth approximately USD 44 billion in 2020 and is expected to grow with a CAGR of 10% during 2021-2026.

The online food delivery market in India was worth around USD 4.66 billion in 2020.