Salman S.H
Stories by Salman S.H
Indian digital ledger apps see higher adoption in small towns
Industry estimates show that there are at least 60 million small and micro merchants in the country currently.
Indian marketplace Jumbotail raises $11m led by Canada’s Heron Rock
Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, and Pimpernel Holdings also participated.
Non-Chinese investors place fresh bets on Indian unicorns
Temasek, Tiger Global, and Bond, among others, have stepped up investments in startups.
Uber India relaunches car sharing service Commute in two cities
The service, launched in 2016, was deemed illegal by some states.
India’s Ola Electric looks to locally assemble its upcoming electric two-wheelers
The company is in talks to onboard more than 20 OEMs including Bosch and Samsung.
India: Vehicle rental platform Drivezy in talks to raise up to $35m
The new round will see Drivezy’s post-money valuation drop by nearly a quarter to $100 million.
OYO founder says budget, homestay categories to bounce back faster in India, SE Asia
Oyo also claims to be adding 40,000 new rooms every month onto its platform in the last two months.
India: Dual listing norms to pose challenges for startup IPOs
Indian startups looking to go public are Delhivery, Zomato, MobiKwik and PolicyBazaar, among others.
India: SoftBank-backed Delhivery plans IPO over next 12-18 months
Delhivery became a unicorn in 2019 when it raised $413 million in a Series F round led by SoftBank Vision Fund.
India: Ola Foods shelves plans to open QSR amid COVID-19 crisis
It will instead expand its private brands into new categories such as pizza, health and self-help meal kits.