Tarush Bhalla
Stories by Tarush Bhalla
SG’s Temasek invests $62m in Indian foodtech startup Zomato
The investment values Zomato at $3.25 billion, the same as its fundraise in March.
Indian digital payment firms lock horns with BharatPe
Digital payment firms have also reached out to RBI to stop the on-ground marketing gimmicks adopted by BharatPe.
India: Flipkart-owned PhonePe to digitize 25m small traders
PhonePe’s arch-rival Paytm claims that 67 per cent of its transactions come from tier 2 cities and beyond.
Bikayi raises $2m from Mantis Ventures, Y Combinator, others
The funds will be used to ramp up recruitment and add newer merchants on its platform.
India: Open digital ecosystems can unlock opportunities worth $700b
Health, jobs and skilling, agriculture, justice and logistics, among others, can collectively create new value worth $500 billion.
India’s Zomato all set to raise at least $60m from Temasek arm
The online food ordering platform will sell 15,188 shares to MacRitchie Investments.
Amazon Pay launches digital gold investment feature ‘Gold Vault’ in India
Users can buy digital gold for as little as $0.067.
Walmart-owned Flipkart’s gross merchandise value tops pre-COVID levels
Flipkart is set to receive a fund infusion of $1.2 billion led by Walmart, it announced last month.
Indian e-commerce firms scramble to add country of origin tag
E-tailers are not allowing sellers to list new products if they don’t mention ‘country of origin’.
India: Short-video app Mitron raises $5m led by Nexus Venture Partners
This marks the Series A round of funding for the company.
