Nearly 70 million people are expected to shop online during the first week of festive sales, which will kick off in early October.

Indian SaaS companies currently generate USD 2–3 billion in annual revenue, representing about 1% of the USD 220 billion global SaaS market.

Freshworks’ share price surge up to 33% to around USD 48 on the back of high investor demand, while its market capitalization ballooned to USD 13 billion on the first day of trading.

Ride hailer claims plant is world’s largest staffed entirely by women.

The Mumbai-based firm made a profit of USD 24.4 million in the financial year ended March 31, 2020—a big jump from the USD 11.7 million loss it made a year earlier.

Heavyweight investors including SoftBank, Falcon Edge, and Tiger Global have pumped hundreds of millions of dollars into India’s used car segment since the start of this year.

In this round of India Digest from September 10 to September 16, 2021, read our big story of the week, the weekly buzz, and more.

2am VC aims to back startups across themes like e-commerce, fintech, wellness, mental health and fitness, crypto, and NFTs.