Deal comes as Chinese e-commerce company hits obstacles in India.

Startups gearing up to go public include food tech major Zomato, beauty retailer Nykaa, digital insurance marketplace PolicyBazaar, omnichannel eyewear retailer Lenskart, among others.

SkyTran offers driverless, taxi-like pods that can cut down passengers’ hour-long drive to just a few minutes.

Currently, the company is present in seven Indian cities and is looking to enter Southeast Asia and the US market.

Over the last two years, Mirae Asset Venture Investments has channeled nearly USD 200 million from its global fund into India’s tech startups.

Over the years, UHNWIs have found that investing in startups is a lucrative alternate investment vehicle that is a high-risk, high-return game.

From a bird’s eye view, Zomato and Swiggy are quite similar, but they couldn’t be more different on closer inspection.

The startup claims to have 160 million active users on its main social networking app and 80 million on its short-video app, Moj.