Article on May 22, 2023
Amazon's Quick Commerce Arm Expands To 60 Cities
It competitors, Swiggy's Instamart, Zomato's Blinkit, and Bigbasket's BBNow are aiming to increase order values and lengthen delivery durations in order to decrease losses
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Bus Tracking And Ticketing Startup Chalo Raises $45mn
Chalo's board approved a special resolution to issue 3,015 preference shares at an issue price of USD 6,634 per share, aiming to raise a total of USD 20 million
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Software Company Vinsys Closes Pre IPO Round At Rs200cr Valuation
The company said that it is now focused on doubling its growth through acquisitions, specifically targeting corporate training and digital learning platforms
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TVS Capital Funds Elevates Gaurav Sekhri To Partner
In the six years that Sekhri has been with TVS Capital Funds, he has led the B2B services vertical and has spearheaded investments in LEAP India, Digit Insurance, and Increff
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BetterPlace Forays Into Financial Services, Launches BetterPlace Money
BetterPlace Money aims to partner with banks and NBFCs in the next two years to expand its product offerings to include early wage access, micro-insurance and micro-investments
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Paytm Money Introduces Bond Investing On Its Platform
Paytm Money’s offerings of giving way to small ticket investments in mutual funds and stocks contribute to financial inclusion in India
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Flipkart's Binny Bansal Eyes Stake In Prime Volleyball Bengaluru: Report
According to media reports, Bansal will hold about 10 per cent of the squad, while Baseline Ventures, a sports management company, will own the remaining 50 per cent when the deal finalises
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Tiger Global To Invest $40mn In Rajasthan Royals At $650mn Valuation: Report
According to media reports, private equity firm Tiger Global is likely to invest USD 40 million in the franchise at a valuation of USD 650 million. In the sports economy, Tiger Global has already invested in India's Dream Sports, which owns the fantasy gaming platform Dream 11
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Walmart-backed PhonePe Raises Additional $100mn From General Atlantic
According to media reports, PhonePe has raised a total of USD 850 million including the latest round
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India Poised To Achieve $1 Trillion Digital Economy By 2025-2026: MoS Chandrasekhar
He explained how India is focusing on the next ‘Techade’ where the government aims to intensify, grow and accelerate the three pillars of Digital India, which will help in catalysing the entrepreneurial culture in the country with more startups that contribute to the economy
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