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In April this year, Amazon announced a USD 250 million venture fund to invest in Indian startups.

Hyperlocal delivery startup Dunzo competes with e-grocers BigBasket and Grofers, e-retailer Amazon, and food delivery giants Swiggy and Zomato in the soon-to-be USD 5 billion quick commerce space.

The service is available to hospital and medical center staff in Ho Chi Minh City.

SenseTime and Yitu Technology, two of China’s four loss-making “AI dragons,” have few options other than to go public to raise capital.

E-commerce, fintech, and edtech were the most funded verticals in the past 18 months.

Chinese market accounts for 70% of sales, reversing past source of revenue.

Tencent Q2 profits surged nearly 30% despite regulatory crackdowns.

The development comes three weeks after the Mumbai-based beauty brand closed a USD 71.3 million Series C round to scale its business across the South Asian market.