Funding Galore
Several Indian startups have secured significant funding recently. Avataar.me raised $7 million from Sequoia India, while Pepper Content received $4.2
million led by Lightspeed India. FreshToHome is in talks for a fresh $130 million funding round. Razorpay may hit $1 billion valuation.
Investor Activity
Major players like GIC and Sequoia are investing in Razorpay's $100 million round. SoftBank is also actively participating in the blank check binge. This reflects a strong investor confidence in the potential of the Indian market and its startups.
Ecommerce Expansion
Tata Group is exploring M&A opportunities to expand its e-commerce presence. Online brands are experiencing higher growth on their own channels and apps compared to Flipkart and Amazon. Flipkart and Walmart delivered $30 million more to Ninjacart.
New Launches & Growth
WeKan aims to incubate and fund 20 Indian startups. Amazon's Alexa app is getting a makeover. Food delivery volumes in India have reached pre-Covid-19 peaks, according to Zomato's Deepinder Goyal, indicating a recovery in consumer behaviour.
Challenges Ahead
Investors steer clear of young startups with Chinese capital. There are also concerns over privacy with online spying and stalking apps, which became an issue during lockdown. These points highlight some challenges that Indian businesses and consumers face.
