Until now, Indian startups have not been able to make their mark in the UAE. With Gulf-based investors betting on Indian startups, that is slowly changing.

New York-headquartered Tiger Global has invested in over a dozen Indian startups and has poured in around USD 300 million in the last seven months.

With the listing, nine-year-old Nykaa—one of the very few profitable e-commerce companies—is reportedly eying a valuation of USD 4 billion.

Mobile platform also covers public services in bid to target spending.

The company plans to utilize the proceeds from the IPO to enhance awareness of its brands, expand its international businesses, and establish an offline presence.

In this round of India Digest from July 22 to July 28, 2021, read our big story of the week, the weekly buzz, and more.

The edtech company plans to use the funding to scale existing offerings under its exam prep vertical and build platforms for new verticals like job search, content creation, and upskilling.

Leher came into the limelight last year when it opened up its platform for users to create private groups, much like Clubhouse.