Funding & Investments
Pepper Content secured $4.2 million led by Lightspeed India. Avataar.me raised $7 million from Sequoia India. Razorpay eyes a $1 billion valuation with
a $100 million round, including investments from GIC and Sequoia. FreshToHome is in talks for a fresh $130 million funding round. This shows that investors are still bullish about the Indian market.
E-commerce & Market
Online brands are seeing growth on their own channels. Tata Group is evaluating M&A opportunities for its e-commerce play. Flipkart and Amazon staff are prepping for big sale days, even amid COVID-19 challenges. Policies are being developed to revamp e-gifting options, especially for the upcoming festive season, and early Diwali deals.
Tech & Innovation
Corning launched Gorilla Glass Victus. OnePlus Nord is getting a Google twist with pre-installed apps and was launched at ₹24,999. Amazon's Alexa app is getting a makeover. Gmail introduced new work tools, letting corporate customers edit files without leaving the service. Spotify expands beyond audio content with a video feature for podcasts.
Market Trends & News
Nifty is ready for a gap-up opening after the Jackson Hole speech, and traders should know what to expect. Food delivery volumes in India have reached pre-COVID-19 peaks, according to Zomato's Deepinder Goyal. There's a trend towards incubating and funding Indian startups, with WeKan planning to support 20. Covid-19 is affecting banks, offering deals.
Other Business News
Meru Cabs has launched an office commute service. The article also mentions the launch of Amazfit Bip S Lite in India on July 29 at Rs 4,999. The article talks about an interesting story where an investment of Rs 1 lakh turned into Rs 100 crore in 15 years. The article covers a story about a techie who drove 25 km for a job interview, waited 50 minutes, and walked out.
