In 2019, Ola had said it would go public by March 2021. However, the pandemic has derailed its plans and it’s currently focusing on building its electric vehicle fleet.

Taking a cue from the Thrasio-model, a bunch of local startups like 10Club, Upscalio, and Mensa, are buying digital brands to become the online version of P&G or Unilever in the country.

With the most recent funding, the three-year-old startup has now raised USD 183 million across three rounds.

At USD 1.5 billion, SaaS accounted for the second-highest quantum of investments after consumer tech in India last year.

The decade-old company has now diversified into a software-as-a-service company.

The process of buying insurance and claiming settlements can be a frustrating ordeal in India.

Local restaurants have accused Swiggy and Zomato of sky-high commissions, deep discounting practices, and withholding customer data, among other things.

Pine Labs is reportedly looking at an IPO in the US within the next 18 months.