India
Tiger Global, Think Investments and Mars Growth Capital participated in the round.
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The company aims to have 2,000 Blinkit stores by Dec 2025, a year ahead of schedule.
Indirect expenses dropped 23% to Rs 1,000 crore, while direct expenses fell 35% YoY.
World
The proposed rules deny duty-free exemptions to low-value packages.
Indonesia
Move is part of a strategic shift to focus on virtual products.
Rest of Asia
Mekong first invested in the superapp in 2018.
According to the proposal, no payment firm should have over 30% share of UPI transactions.
Greater China
“Post-merger, UberEats would be less constrained by competition.”
Walmart said the partnership would help it accelerate its e-commerce business.
Singapore
Logistics funding in both regions has revived in 9M 2024 after the lull of 2022-23.
