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Swiggy to invest USD 700 million in express grocery delivery service as quick commerce competition intensifies

India’s quick commerce sector is set to reach USD 300 million by the end of 2021 and hit USD 5 billion by 2025.

3 mins read

Stricter rules for tech firms listed outside mainland China are on the way.
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What are VIEs and why are they important for Chinese tech companies?
3 mins read
Leading ride-hailer to make dramatic retreat after USD 4.4 billion June IPO.
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China’s Didi Global to delist from New York in favor of Hong Kong
1 min read
The company raised USD 4.5 billion in gross proceeds for the largest US market debut by a Southeast Asian company.
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Grab debuts on Nasdaq, rings opening bell in Singapore
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The tie-up will enable Uber to leverage Meta-owned WhatsApp’s massive 500-million userbase in the South Asian nation.
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Uber partners with Meta to roll out cab-booking service on WhatsApp in India
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Japanese automaker to offer remote monitoring and other services by 2025.
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Suzuki wants to be the Tesla of connected minicars
2 mins read
Two content promoters were charged with “accepting bribes by a non-state functionary.”
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Two ByteDance employees receive prison sentences for illegally promoting content for profit
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The VC intends to invest in 15 to 25 homegrown startups across a wide range of sectors.
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TAU Ventures raises USD 50 million second fund for Israeli early-stage startups
2 mins read
EatClub Brands runs over 150 cloud kitchens across five major Indian cities including Mumbai, Bangalore, Pune, and Hyderabad.
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Tiger Global makes first bet in Indian cloud kitchen space with EatClub Brands
3 mins read