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Walmart is also on track to record $75 billion in global ecommerce sales by the end of this year, the US-based retailer said.

This is Rapidos first fundraise since 2019, when it snagged back-to-back funding from Nexus and Westbridge Capital. The latest funding round was led by Westbridge Capital and saw the participation of Yamaha among several others.

Started in 1996 in the coastal town of Udupi, Robosoft counts Apple Inc. as its first customer and has built mobile apps for a slew of top Indian and global Internet brands over the years.

Mudrex, a cryptocurrency asset management platform, will use the funding to scale up the team and operations, and for creating more products and acquiring global regulatory compliances.

Twitter told the single-judge bench of Justice Rekha Palli that the company had hired Vinay Prakash for the positions of chief compliance officer and resident grievance officer as a third-party contractor in July.