India to launch digital rupee by 2023 - Fintech
The Reserve Bank of India, India’s central bank, is set to launch the digital rupee by 2023 as the country aims to introduce a cheap and efficient currency management system.
Xpressbees turns unicorn with $300m - Funding
Xpressbees, an India-based third-party logistics provider, has raised US$300 million in a series F funding round led by Blackstone Growth, TPG Growth, and ChrysCapital.
India blacklists 54 apps - Regulation
India’s Union Ministry of Home Affairs has placed a ban on Garena’s popular game, Free Fire, and 53 other chinese mobile applications it considers a threat to India’s security.
Social commerce firm nets $45m - Funding
DealShare, a social commerce firm, has raised US$45 million as part of its series E round from the Abu Dhabi Investment Authority. It will soon set up an office in Abu Dhabi.
Razorpay enters SE Asia - Expansion
Bengaluru-based payments processing platform Razorpay has acquired Malaysian fintech firm Curlec for an undisclosed amount, marking the Indian unicorn’s entry into SEA.
Food delivery firm slows down growth - Expansion
Shares of Zomato only tumbled up to 8.4% on 02/11 as more people opted to dine out following the easing of pandemic curbs, compared to the rapid increase a year ago.
Healthcare platform raised $50m - Expansion
Goqii, a tech-enabled healthcare platform based in India has raised $50 million in series C led by Sumeru Ventures. It aims to use the fund for SEA launch.