India Tech

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

Will Chinese users shell out for an app for mental wellness?

Delhivery recently raised USD 277 million in a Series H round led by Fidelity Management that valued the company at USD 3 billion.

ByteDance has reduced its India team to 1,000 employees, but sources close to the company affirm that it is “very much staying put in the country with plans to make a comeback.”

The number of micro VC funds has increased to 88 in 2020 from a nimble 29 in 2014 in the world’s third-largest startup ecosystem.

The new funding round may delay IPO plans for Flipkart, which was reported to be looking to go public in the US later this year.

Flushed with VC money, not only did edtech startups begin to thrive in India last year, but many of them also started harboring dreams of going global.

Locus plans to use the funds for improving geographical reach as well as building its research and development team to expand its product line.