The pre-series B round also saw participation from US-based EMVC, Kunal Shah of CRED, Better Capital and existing investor, Das Capital, a statement said.
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This investment comes from existing shareholders Rakesh Jhunjhunwala and Sixth Sense. Akash Prakash, Amansa Capital additionally comes onboard as a new investor.
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According to the EIG survey, approximately 30 per cent of MSMEs started a business website or enabled e-commerce functionality since the lockdown started owing to the COVID-19 pandemic.
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As travel and tourism were indefinitely disbanded owing to the global lockdown, the hospitality industry had little option left but to bide its time and hope for things to even out in their due course.
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It has launched #PepsiSaveOurRestaurants initiative with an intent to provide approx 2.5 million meals to marginalized workers of the restaurant community through fundraising initiative.
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After effectively turning debt-free, Reliance Industries (RIL) may see IPOs of its flourishing telecom arm Jio and retail business segment, unlocking additional shareholder value, Bernstein Research said in a report on Wednesday.
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The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems.
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It has recorded a 20% spike in education-related transactions on the platform during March, April and May.
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