The fresh funding takes the company’s valuation to US$2 billion.
Dropezy plans to build a network of dark stores, which are small delivery hubs located near local neighborhoods.
The Indian market is ripe to become the next roll-up ecommerce hub.
The latest funding round pushes the valuation of Tag to US$100 million, Bloomberg reported.
The logistics startup is working with Deutsche Bank and Goldman Sachs on the potential listing, according to a Bloomberg report.
Magalarva won first place in the Indonesia semifinals, walking away with US$2,500 in cash and other attractive prizes.
Startups that help Southeast Asians draw wages before payday could also pull workers away from loan sharks.
On average, Evermos takes a 20% to 40% margin from every transaction on its platform. Around 70% of this amount also goes to resellers.
This is Zipmex's second fundraise this year after raking in US$6 million in January.
The IPO of Ant Group-backed Paytm is likely to be the biggest in India. To find out what’s in store for its future, we delved into its financials.