The funding plummeted by 73% in the week from Nov 20 to 25, compared to the same period last year, when startups secured $224 million across 39 rounds. However, compared to last week, funding activity saw an uptick of 52%.
The new capital will be used to double down on the companys growth, expand its customer base, onboard more banking partners, and strengthen its product suite, Goteti said.
Bansal, who made a complete exit from Flipkart in August by selling his remaining shares in the ecommerce firm he cofounded with Sachin Bansal in 2007, has accelerated his personal investments, writing significantly large cheques in startups such as PhonePe and Curefoods.
Binny Bansal: Bansal, who made a complete exit from Flipkart in August by selling his remaining shares in the ecommerce firm he cofounded with Sachin Bansal in 2007, has accelerated his personal investments, writing significantly large cheques in startups such as PhonePe and Curefoods.
Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets wont be taxed under the 28% slab of the Goods and Services tax (GST). This and more in todays ETtech Morning Dispatch.