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.

The new IT rules have become a major bone of contention for Twitter, Facebook, Instagram, and WhatsApp.

India’s PM touts Infosys support for French Open at VivaTech digital conference in Paris.

In 2019, India added over 1,300 new startups. In 2020—amid the COVID-19 pandemic—around 7,000 companies were formed.

The funding deal values Apna at USD 570 million, five times more than what it was valued at just three months ago when it raised USD 12.5 million in its Series A round.