Rapido, a mobility firm, became a unicorn with $120 million Series E funding from its major backer WestBridge Capital and three other investment entities.
Reach Capital is leading a new $6 million fundraising round for Suraasa, a platform for global teacher mobility and workforce development, with participation from ETS Capital, NB Ventures, TSM Ventures, TRTL Ventures, and other strategic investors.
Eruditus is in advanced discussions to secure $150 million in a new investment round headed by the Texas-based private equity company TPG, with a potential valuation of $2.3 billion.
Data insights from Shiprocket, the 106th unicorn in India and a top platform for enabling eCommerce, indicate that the festive eCommerce market in India is expected to exceed $12 billion in the crucial months of October through December of 2024.