Currently, the company is present in seven Indian cities and is looking to enter Southeast Asia and the US market.

Over the last two years, Mirae Asset Venture Investments has channeled nearly USD 200 million from its global fund into India’s tech startups.

Over the years, UHNWIs have found that investing in startups is a lucrative alternate investment vehicle that is a high-risk, high-return game.

From a bird’s eye view, Zomato and Swiggy are quite similar, but they couldn’t be more different on closer inspection.

The startup claims to have 160 million active users on its main social networking app and 80 million on its short-video app, Moj.

Non-sensitive sectors such as automobile, electronics, and chemicals and textiles will be given preference over sensitive sectors that include data and finance.

Currently, the company is present in 38 cities and has partnered with 12,000 offline stores to fulfill customer orders.

India’s startup ecosystem has emerged as the third-largest in the world.