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Daily Crunch: Indian food delivery startup Zomato will seek post-IPO valuation up to $8.6B

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.Hello and welcome to Daily Crunch for July 8, 2021. Forget about Hot

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Zomato targets $1.3 billion IPO at as high as $8.6 billion valuation

Zomato, a food delivery startup in India, said on Thursday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on July 14 and closes July 16.The loss-making start

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Zomato’s $100 million investment to turn Grofers into a unicorn

Indian food delivery giant Zomato, which is working to explore the public markets later this year, has reached an agreement to invest $100 million in online grocer Grofers for about 10% stake in the s

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Slice raises $20 million to go after the credit card industry in India

Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how peop

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Slice raises $20 million to go after the credit card industry in India

Slice, an Indian fintech startup that has built a “super card” for millennials in India, said on Monday it has raised $20 million in a new financing round and is adding new features to change how peop

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Paytm, India’s most valuable startup, confirms plan for an IPO

Paytm, India’s most valuable startup, confirmed to its shareholders and employees on Monday that it plans to file for an IPO.In a letter to shareholders and employees, Paytm said that it plans t

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Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East

Razor Group. Branded. Thrasio. These are big names in the new wave of e-commerce companies taking the world by storm. Their business of acquiring small e-commerce brands that look promising and consol

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Gokada to launch ride-hailing service in two Nigerian cities as part of super app plans

When two of Indonesia’s biggest companies — ride-hailing company Gojek and e-commerce marketplace Tokopedia — joined forces as GoTo Group last month, a key highlight from the merger

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India tells WhatsApp to withdraw its new policy terms

The Indian government is not pleased with WhatsApp’s new privacy policy. The nation’s Ministry of Electronics and Information Technology (MeitY) has once again directed the Facebook-owned company to w

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Amazon launches miniTV, a free video streaming service, in India

Amazon, which already charges some of the world’s lowest fees for Prime Video in India, is going a step further to win more users in the world’s second largest internet market.The e-commerce giant on

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Big Tech is now worth so much we’ve forgotten to be shocked by the numbers

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. If

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Daily Crunch: Uber adds vaccine booking

Uber unveils half a dozen new features, Samsung announces a new flagship laptop and Zomato files to go public. This is your Daily Crunch for April 28, 2021.The big story: Uber adds vaccine bookingUber

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Zomato juice: Indian unicorn’s proposed IPO could drive regional startup liquidity

The IPO parade that has continued in 2021 is not a strictly domestic affair. Other countries are getting in on the unicorn liquidity rush.This week, India-based food-delivery unicorn Zomato filed to g

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Indian food delivery startup Zomato files for an IPO

Indian food delivery startup Zomato on Wednesday filed for an initial public offering, becoming the first tech unicorn startup from the world’s second largest internet market to do so in recent

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SoftBank in talks to invest up to $500 million in Swiggy

SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment

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India’s Swiggy nears $5 billion valuation in new $800 million fundraise

Swiggy has raised about $800 million in a new financing round, the Indian food delivery startup told employees on Monday, as it looks to expand its business in the country quarters after the startup c

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India’s Zomato valued at $5.4 billion in new $250 million investment

Zomato has raised $250 million, two months after closing a $660 million Series J financing round, as the Indian food delivery startup builds a war-chest ahead of its IPO later this year.Kora ($115 mil