Moulishree Srivastava

Hyper-local delivery, a model of picking up goods from neighborhood stores, warehouses, and supermarkets, had gained widespread investor interest a few years ago.

Online shoppers from tier 2 and smaller cities make up nearly half of all the e-commerce user base in the country.

With its 388-million-strong subscriber network, Jio has the potential to create multiple revenue streams, the reason why investors are flocking to it.

The early-stage venture capital firm invests across health tech, fintech, direct-to-consumer brands, marketplaces, social commerce, as well as content and media companies.

The eight-year-old firm had last raised USD 50 million a year ago at a valuation of USD 350 million.

India levies over 20% import duty on smartphones to encourage local manufacturing.

Twitter had about 55 million monthly active users in India in April.

A majority of Indian startups are running out of money and time in the race to survive the pandemic.