📰 Startup Digest (July 20)

News and updates from India's startup space and beyond.

🛵 Swiggy raises $1.25 billion in Series J. The food tech unicorn’s latest round of funding has been led by SoftBank Vision Fund 2 and Prosus. With this round, the startup’s valuation will shoot up to $5.5 billion.

🛒 YouTube to acquire India’s Simsim. The California-based tech giant revealed its plan to acquire Simsim, an Indian video-commerce platform to connect local businesses, influencers, and customers.

💳 Razorpay acquires TERA. The acquisition of the artificial intelligence (AI)-based risk analysis platform TERA Finlabs is Razorpay’s third acquisition since it began. TERA Finlabs offers technology, risk and capital solutions to enable innovative, embedded financing solutions for businesses. 

Amanat Khullar is the Content and Editorial Manager at ADIF.

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