Latest CDP and MarTech Insights, Oct 7, 2021 - Gulf and South West Asia

In partnership with the CDP Institute

I have partnered with the CDP Institute for their Emerging Markets Newsletter. Stay tuned for weekly updates on the CDP and MarTech space in the Middle East and South West Asia!

Issue 15: Oct 7, 2021

Chalo raises US$40 Mn to digitize bus commutes in India

India’s bus market is a US$20 Bn opportunity, almost twice the size of cabs. The startup was operating about 1,900 buses before the pandemic hit last year. Now the startup is operating 2,500 buses and has signed up several thousand more. As part of the new financing round, the startup said it will use US$10 mn of the proceeds to buy back stock options to reward its current and former employees as well as some early angel investors. Read More

India's Licious becomes unicorn with US$52 Mn fresh fundraise

Licious, a Bangalore-based startup that sells fresh meat and seafood online, said it has raised US$52 mn in a new financing round and become the first direct-to-consumer startup to attain the unicorn status in the world’s second-largest internet market. Licious has grown over 500% in the past one year with over 2 million unique customers. Read More

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