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Chinese food delivery and lifestyle e-commerce platform Meituan has sold over $200 million worth of its stake in Swiggy to a US-based investor in a secondary deal, according to three sources who spoke to Entrackr. Meituan first invested in the Bengaluru-based firm in 2018 and increased its holding by participating in another round in 2020.
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Scimplify, a platform for all sourcing and manufacturing of specialty chemicals, is raising a new round to the tune of $5 million, sources aware of the development told Entrackr. The new round is coming just after six months for the Bengaluru-based f
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This Chinese company processes 20x orders than Zomato and Swiggy combined! This is the story of Meituan, a Chinese startup launched by Wang Xing in 2010. Before this, Wang Xing also founded Xiaonei, Chinaโs Facebook clone, which he sold for ove
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As Zepto gears up for its IPO, the quick commerce giant has onboarded prominent investors Motilal Oswal and Raamdeo Agrawal, founders of Motilal Oswal Financial Services. This move comes as major players in the quick commerce space aim to boost dom
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๐ข๐ฝ๐ฒ๐ป๐๐โ๐ ๐๐๐ผ๐ฟ๐: โข Founded in 2015 โข Released GPT-1 in 2018, no one cared โข Released GPT-2 in 2019, no one cared โข Released GPT-3 in 2020, no one cared โข Released GPT-3.5 in 2022 and shook the internet โข 10 years in, valued at $350
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Mumbai-based edtech unicorn upGrad has reported raised Rs 287.5 crore (approximately $35 million) in debt from EvolutionX, Entrackr reported, citing the company's regulatory filing. The report said the edtech unicorn will use the raised capital for
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Kolkata-based quick service restaurant (QSR) chain Wow! Momo is reportedly in the process of raising INR 130โ150 crore through a bridge funding round. โก Sources reveal that the companyโknown for its brands Wow! Momo, Wow! China, Wow! Chicken, and Wo
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