Zomato invest Rs 1,500 crore more in Blinkit
Zomato will infuse another Rs 1,500 crore into its quick-commerce arm Blinkit. It reflects Zomato’s confidence in Blinkit’s expansion and growth allowing it to bolster its business.
This will help Blinkit to get its operations in place and reach more customers. This also reiterates Zomato’s confidence on the quick-commerce sector, which has been witnessing a surge in recent times. As a result, Blinkit will have a stronger foothold in the market, fueling its future growth plans.
Blinkit, Swiggy invest $533 Million on Q-com in last 3 months
In three months, Blinkit have exhausted $533 million on quick commerce (Q-commerce). The companies are competing to carve out a share of the growing demand for speedy delivery of groceries and other essentials.
Zomato-owned Blinkit and Swiggy are pumping significant amounts of investment in network expansion and improving delivery speeds.
This shift highlights the extent to which the Q-commerce market has become a dogfight, as companies race to win customers delivery products within minutes. This big investment shows their belief in the future of quick commerce in India.
EaseMyTrip to invest ₹200 crore in Madhya Pradesh
EaseMyTrip, an online travel company, announced the investment of ₹200 crore in Madhya Pradesh. It intends to spur tourism and jobs in the state.
It includes developing tourism infrastructure as well as promoting local attractions and improving the travelling experiences for both locals and foreign tourists.
This move showcases EaseMyTrip’s firm belief in Madhya Pradesh being a potential tourist hub. The decision has been lauded by the state government which on November 25 said the move is a major step towards economic progress and tourism promotion in the state.
This partnership is anticipated to bring positive impact for both travelers and local community members.
Related Article:
Startup News India: Zomato, Lenskart, Flipkart, Euler Motors and Amazon
India import lithium batteries worth $7B from China in 2024
China supplied lithium batteries to India worth $7 billion. That demonstrates India’s increasing demand for batteries to drive electric vehicles and renewable energy storage.
China is still a major vendor, even as India urges cleaner energy and electric mobility. The high import value underlines India’s dependence on China for advanced battery technology while India is trying to ramp up its domestic battery production.
The move reflects India’s attempts to deliver on its green energy commitments while managing the trade relationship with China.
Anthropic is raising $3.5B at $61.5B valuation
Anthropic is raising $3.5 billion of new funds at a $61.5 billion valuation. And is attracting big investors who have confidence in its potential, the company was known for their work into artificial intelligence.
Strong confidence in Anthropic’s technology and its future growth is demonstrated with this move. The investment would presumably bolster the company’s A.I. research and compete with other tech behemoths. The news comes amid increasing excitement and competition in the AI space.
TikTok become 1st non game app to reach $6B in annual user spending
TikTok just broke the record for highest consumer spending in a single non-gaming app in a year, passing the $6 billion US mark.
In 2023, the popular video-sharing platform reached this milestone due to its global reach with millions of users. Viewers are spending on virtual coins and gifts to tip their favorite creators during live streams.
This success also reflects TikTok’s evolution from pure entertainment to an active engagement and investment platform. A big part of this success comes from the app’s ability to connect people and create opportunities for creators. This is a big moment for TikTok, showing how much power it has in the digital universe.
For mentorship: Book an appointment with us.
Discover the latest Indian Unicorns news, Startup News India, Startups Success stories, Startup Support, StartupIndia Registration updates
Chandan Mishra is a skilled and passionate WordPress blog author known for his expertise in content creation, website management, and digital marketing. With years of experience in the blogging industry, he has mastered the art of crafting engaging, informative, and SEO-friendly content that resonates with a wide audience.
Chandan Mishra specializes in WordPress, one of the most popular content management systems (CMS) worldwide. His deep understanding of WordPress enables him to create well-structured and visually appealing blog posts, optimize website performance, and enhance user experience. He is proficient in:
Through his blog, Chandan has helped numerous readers gain insights into various subjects, especially related to website development and online business growth. His in-depth tutorials, guides, and case studies have empowered many individuals and businesses to establish a strong online presence.
