The latest funding has boosted the Bengaluru-based startup’s valuation to almost USD 5 billion from USD 3.7 billion in February last year.

In the three months ending March 2021, funding into the world’s third largest startup ecosystem was driven by large financing rounds in big startups.

Last year, Meesho entered the Indonesian market, where social commerce is much more mature than India.

BlackSoil will focus on sectors like B2B, D2C, fintech, health tech, SAAS, deep tech, logistics, agritech, and gaming.

Startups that have built products for Bharat users—a term used for lower tier cities of India—have started monetizing their content.

Chingari plans to use the funds to enhance its content portfolio, hire talent, and increase its user base.

ByteDance in a court filing has argued that the decision to block these accounts is an abuse of the law.

Digitizing offline stores in India has emerged as one of the biggest opportunities in the country.