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Zepto, an instant grocery delivery startup founded by two teens, has raised $100 million in a funding round led by Y Combinator, taking its valuation to $570 million within five months of starting services in India's red-hot quick commerce segment.
People familiar with the subject said at the time that the firm and its bankers had discussed a value of $40 billion to $50 billion
The online education provider Byju’s, India’s most valuable startup, is in advanced discussions to go public through a merger with one of Churchill Capital’s special-purpose acquisition companies, according to people familiar with the matter.
The startup held talks with several potential SPAC partners and is farthest along in working out an agreement with Michael Klein's Churchill Capital.
Gross debt amounted to R4.2 trillion, or 97.3% of the government’s estimate by October 31, according to the South African Reserve Bank’s Quarterly Bulletin.