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

Stay tuned to get every day updates in 60 seconds
Features Writer
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

  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.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur