Startups, including Oben EV, Unremot, and Kindlife, collectively raised at least US$2.2 million today in disclosed funding from international and local investors.

The surge in Urban Company’s valuation comes after the company completed its largest employee stock option plan (ESOP) sale, which was worth US$7.3 million. The firm has posted an annualized revenue run rate of US$250 million in its latest financial year and is expected to reach US$500 million by the time the IPO process is due. However, co-founder Ronnie Screwvala said that the total stake held by founders will drop to 51% by the time the company is ready for listing. The company entered the quick commerce space in August by offering 10-minute delivery to its customers in 12 of the top cities in India.

🇮🇳 Roundup: Flipkart To Lead $100M Round In Fresh-Produce Startup, And More

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🇮🇳 Roundup: Flipkart To Lead $100M Round In Fresh-Produce Startup, And More

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