Startup Saturday: Lenskart and PhonePe Looking to Raise $350 mn $1 bn Respectively & Dunzo Ventures into a New Space

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  1. On-demand delivery startup Dunzo has launched a new B2B logistics service for retailers and small business owners called Checkout with Dunzo.
  2. China is placing heavy bets on India's video market. In the latest development post, the ban of TikTok, e-commerce giant Alibaba has pumped $100 million dollars in Vmate, a social video platform to expand its ranks in the Indian market.
  3. In mergers and acquisitions this week, Info Edge (India) Ltd, announced that it will acquire Highorbit Careers in an all-cash deal worth INR 80.82 Cr.
  4. Soon to be unicorns Lenskart and Phone Pe are looking to raise $350 million and $1 billion dollars from SoftBank Vision fund and their marquee investors respectively.

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