🇮🇳 Roundup: Swiggy may back Rapido in $200m round, and more

Startups in India, including Jupitice and StarClinch, collectively raised at least US$4.2 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:

Swiggy may lead US$200 million round in bike taxi startup

Food delivery company Swiggy is in late-stage talks to lead a US$200 million round in bike taxi firm Rapido, according to an Entrackr report.

The deal is likely to strengthen Swiggy’s food delivery capabilities.

The SoftBank-backed firm is reportedly in talks for its next funding round, which is expected to be led by investment management firm Invesco at a valuation of US$10 billion.

Byju’s onboards former Kearney partner as biz head

Edtech company Byju’s has appointed Himanshu Bajaj as head of business to lead its Byju’s Learning Centre.

Bajaj, a former senior partner at management consulting firm Kearney, will be responsible for the development and expansion of the learning center. He will also be in charge of providing strategic business growth and thought leadership direction for the unit.

Byju’s Learning Centre offers a hybrid model for its students by combining both offline and online learning methodologies.

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