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With the new amount, the company claims to have successfully raised over 8 figures USD in capital.

Investment from China in Indian companies fell down from USD 1.23 billion in the first half (H1) of 2019 to USD 263 million across 15 deals in H1 2020.

Bigbasket couldn’t receive funds from Alibaba after India tweaked the FDI norms earlier in April.

The startup said it currently has over 60,000 users, plus 1,000 tutors and mentors. It has plans to expand to Saudi Arabia.

The KPPU accused Grab Indonesia of offering preferential treatment to drivers in its rental program, but the case has been overturned by the South Jakarta district court.

Backed by Y Combinator, Global Founders Capital, and Bedrock Capital, the round brings the company’s total funding to USD 15 million.

As China’s designated national semiconductor champion, SMIC still lags behind the world’s leading foundries such as TSMC.

It’s also the second spinoff from JD.com to go public so far this year.