The deal comes after Unacademy’s valuation plunged from $3.5B to under $500M, as India’s once-booming edtech sector struggles.

inDrive has closed its acquisition of KraveMart, expanding grocery delivery in a market dominated by Foodpanda.

Fi, founded by former Google Pay executives, is discontinuing banking services over four years after launch.

Uzum now reaches 20 million users and processes $11 billion in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.

Flipkart's headquarters shift comes as the Walmart-backed e-commerce giant reaches about $30 billion in GMV.