Category: India

Sequoia-backed BankBazaar bags $6m to build out contactless financing capabilities

Investors include WSV Capital, Amazon, Sequoia India, Experian, and Eight Roads. Source link

The new entity, which would stand separately from ByteDance India Services, will likely offer IT support to ByteDance’s global platforms….

Antler India’s inaugural program will kick off in Bengaluru during the second half of the year, expected to run over…

Ola looks to begin production work for its own EVs this year and launch its first electric scooter in 2021….

Jio Platforms has now raised a total of more than US$10 billion over one month. Source link

Ola’s decision follows Grab and Uber’s downsizing measures as the ride-hailing sector fights to weather the crisis. Source link

Selling non-branded goods for below US$5 helps these companies avoid competing directly with cash rich ecommerce giants. Source link

It plans to use the fresh capital to build tech-enabled financial services and a merchant-focused distribution platform. Source link

It said no downsizing measures are planned for its Singapore office, where business is “looking strong.” Source link

Swiggy will also be scaling down or shutting down businesses that are expected to underperform for the next 18 months. …