With multiple super app contenders in India, the verdict on who will reach that level first is still open.

Grouping together other sectors with e-retailers has become a source of worry and discontent among e-commerce firms.

Mukesh Bansal, co-founder of Cult.fit, an online fitness startup in which Tata Group recently invested, has been made a key member of the fundraising team.

The new rules prohibit e-tailers from hosting flash sales and mandates they appoint a grievance officer to address consumer complaints.

Progcap competes with SoftBank and Alibaba-backed Paytm, Walmart-owned PhonePe, and Coatue Management-backed BharatPe.

The company competes with CultFit, a unicorn startup that runs a chain of fitness centers and acquired Tread, a company that makes smart fitness bikes.

The total wealth held by Indian ultra-high net worth individuals will also grow to over USD 700 billion by 2024, as compared to USD 440 billion in 2019.

At a USD 4 billion valuation, BrowserStack has emerged as the most valuable SaaS company from India, leaving behind Freshworks, which is preparing to go public in the US.