The country’s top food aggregators currently employ close to half-a-million delivery partners.
The payments platform is the new venture of Shailaz Nag, the co-founder of Citrus Pay, which was acquired by PayU in 2016 and rebranded PayU India.
Lee Fixel, the former Tiger Global executive responsible for the firm’s most lucrative India investments, is set to return to his favourite stomping
It has raised the funds from Altimeter Capital, GGV Capital and Hillhouse Capital, besides existing investors DST Global and Lightspeed Venture Partne
At least six startups have expressed concerns over sharing information with Cure.Fit during acquisition talks.
Q & A
Naspers has invested in food delivery firm Swiggy, ed-tech company Byju’s and most recently social commerce firm Meesho.
Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway also participated.
Tiger Global had previously invested in Vedantu in 2015.
The capital infusion into Ola Electric is the latest example of how Aggarwal has established firm control over its subsidiaries.
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