Meesho GMV tops $5B; app grows faster than Flipkart, Amazon India

India’s Meesho is rapidly gaining user traction, challenging entrenched leaders Flipkart and Amazon. The Bengaluru-headquartered startup, which operates a social commerce platform, is currently at a GMV of over $5 billion…

Continue ReadingMeesho GMV tops $5B; app grows faster than Flipkart, Amazon India

India’s Captain Fresh in talks to raise $50 million in new funding

Captain Fresh, a business-to-business harvest-to-retail marketplace for animal protein, is engaging with investors to raise up to $50 million in fresh funding, according to sources familiar with the matter. The…

Continue ReadingIndia’s Captain Fresh in talks to raise $50 million in new funding

International Battery Company powers up with $35M funding to bridge EV gap in India

International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in…

Continue ReadingInternational Battery Company powers up with $35M funding to bridge EV gap in India

Goldman Sachs-backed ZestMoney, once valued at $450M, sold to DMI in fire sale

ZestMoney, the Goldman Sachs-backed Indian fintech startup once valued at $450 million, has sold itself to financial services firm DMI Group, the two said late Wednesday, in a fire sale…

Continue ReadingGoldman Sachs-backed ZestMoney, once valued at $450M, sold to DMI in fire sale