📰 Startup Digest (July 28)

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

🚖 Ola expands its ESOP pool. The ride-hailing unicorn has expanded its employee stock options (ESOP) pool to Rs 3,000 crore.

In the run-up to its initial public offering (IPO), the company will also allocate another Rs 400 crore worth of stock to its employees.

🚨 Flipkart moves SC in anti-trust case. The Walmart-owned company has appealed to the Supreme Court against the Karnataka high court’s recent decision to allow the Competition Commission of India (CCI) to continue its investigation into the e-commerce firm and its rival Amazon.

✈️ Travel app ixigo raises $53 million. The funds were raised ahead of its proposed initial public offering (IPO) through a combination of primary and secondary issuance of shares from investors led GIC.

The funding round also saw participation from Infoedge Venture Funds, White Oak, Bay Capital, Orios Venture Partners, Trifecta Capital, and Malabar Investments.

Amanat Khullar is the Content and Editorial Manager at ADIF.

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