Startup Saturday: Lenskart and PhonePe Looking to Raise $350 mn $1 bn Respectively & Dunzo Ventures into a New Space
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- On-demand delivery startup Dunzo has launched a new B2B logistics service for retailers and small business owners called Checkout with Dunzo.
- 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.
- 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.
- 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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