The move is aimed to woo offshore funds and make them park their money in India, which is likely to flow into the world’s third-largest startup ecosystem.

India recently announced a seed fund with a corpus of USD 136 million.

In India, Antler will invest USD 100 million in the next four years.

Apple sold over 1.5 million devices in India between October and December 2020 doubling its share in the smartphone market.

Last year Google said it would charge a 30% commission on in-app purchases.

Over the next three years, WHJ aims to reach one in three kids in the world and create 100,000 teaching jobs from the current 11,000.

GrowFix launched its first asset in December 2020–a pool of gold-backed loans where retail investors could invest in and get an 11 % fixed interest rate.

In the second half of last year, India banned over 250 Chinese apps including TikTok, Vigo, Likee, and PubG citing cybersecurity concerns.