Zomato Acquires Blinkit For $568 Mn To Enter Quick Commerce Segment

Zomato will acquire Blinkit in an all-stock deal and the transaction is expected to close in early August this year. Zomato Hyperpure, the restaurant supplies grocery subsidiary, will acquire the warehousing and ancillary services business of Hands on Trades Private Limited for INR 60.70 Cr Know more

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Ronnie Screwvala’s upGrad Raises $225 Mn, Valuation Soars To $2.25 Bn

Ronnie Screwvala’s upGrad raised $225 Mn in a fresh round of funding from James Murdoch’s Lupa Systems LLC and Educational Testing Service (ETS), a US-based testing and assessment company which develops standardised tests such as Test of English as a Foreign Language (TOEFL) and Graduate Record Examination (GRE). Know more

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Singapore’s GIC pumps $48 Mn in Wow Skin Science

Personal care brand Wow Skin Science has raised Rs 375 crore or $48 million from Singapore-based GIC (Waverly Pte Ltd). Last month, the ChrysCapital-backed company had announced its fundraising without disclosing the amount. Know more

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