India has over 12 million mom-and-pop shops across the country, of which 10 million are in rural areas. 

Zomato reported a revenue of INR 1,367.65 crore (USD 183 million) for the period April 1 to Dec 31, 2020, while its losses in the same period stood at INR 684.15 crore.

Sprawling network will power ride-hailing company’s two-wheelers.

Urban Company is the eighth startup to achieve unicorn status in April.

According to the data collated by research firm Venture Intelligence, Indian edtech startups raised USD 616 million in the first quarter of 2021.

Beginning April, the number of COVID-19 cases has increased exponentially resulting in an acute shortage of oxygen cylinders, beds, and medicines.

The Japanese fund is an LP in Blume Ventures, through which it invests in idea-stage deep tech startups.

The funding comes at a time when Reserve Bank of India is working on floating its own fiat currency and putting a ban on crypto trading.