Moglix has become the fifth B2B company this year, after Infra.Market, Innovaccer, Gupshup, and Chargebee, to command the valuation of over USD 1 billion.

Apis Partners invests between USD 30 million and USD 50 million in capital-efficient businesses in India, Southeast Asia, and African countries.

There are likely 900,000 pieces of junk between 1 cm and 10 cm, and tens of millions of objects smaller than 1 cm capable of causing significant damage.

Amazon Pay has signed up close to five million merchants, it said last month.

PhonePe plans to become profitable and file for an IPO over the next few years.

India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.

BharatPe was valued at USD 900 million earlier this year when it raised USD 108 million in Series D round.

Flipkart competes with deep-pocketed conglomerates such as Amazon and Reliance Jio in India’s soon-to-be USD 111 billion e-commerce market.