Amazon Food will face competition from Alibaba-backed Zomato and Naspers-backed Swiggy in India’s soon-to-be USD 12.53 billion online food delivery industry.

JustDial, that list offline businesses, disrupted the traditional classifieds industry which was then limited to newspapers.

Last year, during the lockdown in India, around 120 million workers were laid off or placed on furlough.

A Bloomberg report said as many as 10 Indian companies could go public through SPAC deals before the end of the year.

The company has already invested INR 900 crores (USD 123 million) across 38 companies from its second fund.

Beauty and fashion companies attracted over 50% of USD 1.4 billion raised by internet-first brands between 2014-2020 in India.

Big Idea Ventures (BIV), a US-based venture capital firm plans to launch an ‘Alternative Protein Fund’ and an accelerator exclusively for Indian entrepreneurs.

With the first fund, She Capital will invest in 12 to 15 women-led startups.