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.

Showman allowed users to buy tickets of newly released movies and watch them on their own device from home.

The second wave of novel coronavirus in India is much more severe than the last one. Since April 15, more than 200,000 cases per day are being recorded.

Four months into 2021, India has spawned 12 unicorns, more than the 11 it had for last year.

A Gartner report forecasts cloud adoption will reach a five-year compound annual growth rate of 20.7%.

Founded in 2008, Dream11 was the first Indian gaming startup to become a unicorn in 2019.

The fund is exploring startups with deep tech capabilities in agritech, fintech, health tech, edtech, and cybersecurity.

The newly launched venture fund will back Indian startups and entrepreneurs focusing on digitizing SMBs.