PhonePe plans to become profitable and file for an IPO over the next few years.

India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.

BharatPe was valued at USD 900 million earlier this year when it raised USD 108 million in Series D round.

Flipkart competes with deep-pocketed conglomerates such as Amazon and Reliance Jio in India’s soon-to-be USD 111 billion e-commerce market.

WEH invests USD 100,000 to 400,000 in seed-stage startups and has backed a dozen companies so far.

Zomato temporarily rolled out grocery delivery service last year when India was under lockdown and the demand for groceries had picked up.

PUBG had 170 million installations in India, contributing 24% of its total downloads.

The year-old company competes with startups like Teacherr, ODA Class, eduZilla, SkoolApp, and Classplus among others.