🇮🇳 Roundup: Flipkart enters grocery space with Shopsy, and more

Startups including Spry, Asqi, Insurance Samadhan, MasterChow, BharatX, and Evenflow collectively raised at least US$6.7 million today in disclosed funding from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news in India today:

Flipkart enters grocery space with Shopsy

Ecommerce platform Flipkart is adding groceries to its suite of products on its social commerce platform Shopsy.

It will feature around 6,000 products under 230 categories, which will be available for delivery to resellers across 700 cities.

This move will pit Flipkart against Dealshare, Meesho, and Udaan in the grocery space.

Open acquires neo-banking platform Finin for US$10 million

Digital bank Open will strengthen its cloud native enterprise with the acquisition of competitor Finin in a US$10 million cash-and-stock deal.

Currently, Open powers nearly 2 million small and medium-sized enterprises (SMEs) and processes over US$24 billion in annualized transactions.

Founded in 2017, Open runs BankingStack, a cloud-native SME banking platform for financial institutions. Zwitch, a no-code embedded finance platform that is also operated by Open, will also benefit from the acquisition.

Dailyhunt launches video app Publicvibe

After filling in the TikTok void with video app Josh, Dailyhunt has reportedly launched hyperlocal video app Publicvibe.