Avanish Tiwary

3One4 Capital would invest anywhere between USD 500,000 to USD 4 million each in 25 to 30 startups.

This round of funding comes 10 months after it raised USD 45 million last year.

The company said it would be setting up new technology centers in Bengaluru in India, and in Phoenix and Pittsburgh in the US.

The next phase of growth for e-commerce companies is expected to come from smaller cities.

Amazon has invested USD 6.5 billion in its India business as of now.

It claims to process more than 600,000 daily orders from 525 cafeterias that are spread across 20 cities.

The ongoing pandemic has helped the company rope in more schools as online tutoring has become critical for schools to function during the lockdown.

PhonePe and Paytm already allow buying and selling of gold on their platforms.