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Established in 2015, Ninjacart has raised $377 million (about Rs 3,100 crore) from investors such as Tiger Global Management LLC, Accel and Infosys co-founder Nandan Nilekani. In its latest funding round, it secured about $145 million (Rs 1,200 crore) from Flipkart and Walmart, reaching a valuation of $815 million (Rs 6,780 crore). Flexible office spaces continue to gain ground with occupiers as they focus on building operational efficiencies through a distributed work model.

Waycool: In a video address to employees on Monday, co-founder and MD Karthik Jayaraman is said to have communicated that the company is working on achieving profitability by December. This will also include closing distribution centres and some of the new experimental projects.