📰 Startup Digest (July 14)

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

🚀 Zomato raises Rs 4,200 crore from anchor investors. Ahead of its initial public offering (IPO), the foodtech unicorn raised Rs 4,200 crore from 186 anchor investors in lieu of 55,21,73,505 equity shares at Rs 76 each.

These funds are nearly 45% of the total issue size in the IPO.

🥇 Meesho becomes #1 on Google Play Store India. The social commerce unicorn has surpassed 50 million downloads on Android.

The startup's valuation increased to $2.1 billion after its last fund-raise in April.

👩🏽‍💻 UpGrad liquidates ESOPs. The edtech platform has liquidated employee stock options worth Rs 220 crore for 37 of its early employees.

The startup is currently valued at $850 million.

Amanat Khullar is the Content and Editorial Manager at ADIF.

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