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Swiggy Bazaar will face tough competition from incumbents like SoftBank-backed Meesho, InMobi-owned Shop101, Korea Investment Partners-backed GlowRoad, and Tiger Global-backed DealShare.
The seven-year-old startup, which counts marquee investors like Tiger Global, Steadview Capital, Accel India, Elevation Capital, and Prosus Ventures as backers, became a unicorn earlier this year.
Central banks collectively representing 20% of the world’s population are likely to issue general purpose CBDCs in the next three years, per a report by the Bank for International Settlements.