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.

A host of tech startups such as DotPe, Petpooja, and Google-backed Dunzo have been working with restaurants to help them diversify their food delivery business.

In May, Walmart-owned PhonePe signed the term sheet to acquire an over 90% stake in Indus OS, to boost its super app dream on the back of the latter’s content and app discovery platform.

Downloads of Koo’s app skyrocketed after Indian ministers asked their followers to move from Twitter to the Indian platform.

The recent layoffs are expected to help the company stay afloat amid the second wave of COVID-19 and the muted demand for its offline offerings over the next few months.

While Slintel focuses on the US, EU, and APAC markets, it saw many inbound leads from India and Asia last year.

Since late last year, Tata Group has been out in the market to acquire internet companies to create a super app.