Unexpected regulatory crackdown in India and disappointing earnings further impact growth
Currently, over 300 Chinese-linked apps including the popular title PUBG have been banned
India records a sharp increase in IPOs and unicorns surpassing expectations
The IPO would be a game-changer for India's startup ecosystem too
Shopee is already in Southeast Asia and Latin America, with plans to enter India
Funds raised by the IPO will be used to pay off existing debt obligations and fund growth
The central banks of both countries plan to integrate each others banking services.
Flipkart is mainly owned by US's Walmart.
Investors are moving towards later stage deals in India
China still leads the Insurtech market size in Asia.
Walmart bought a majority stake in Flipkart in 2018.
Zomato temporarily rolled out grocery delivery service last year when India was under lockdown and the demand for groceries had picked up.
India's social media users are also very loyal to their home-grown apps
PharmEasy is now the first unicorn in India’s online pharmacy space.
Five Star is an Indian lending firm for small businesses
Ankur Capital is an early-stage venture capital firm from India.