German VC Picus Capital, which has more than 90 investments globally, eyes opportunities in enterprise tech and consumer sectors in India and China.

CarTrade has raised INR 29.9 billion (USD 403 billion) through its IPO, which was a pure offer for sale by existing investors and shareholders.

In April this year, Amazon announced a USD 250 million venture fund to invest in Indian startups.

Hyperlocal delivery startup Dunzo competes with e-grocers BigBasket and Grofers, e-retailer Amazon, and food delivery giants Swiggy and Zomato in the soon-to-be USD 5 billion quick commerce space.

Several medtech companies in India have started offering tech-enabled diagnoses and treatments for women’s health.

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.