FirstClub bucks India’s speed obsession, quickly triples valuation to $120M with premium approach
FirstClub has raised $23 million in a Series A round co-led by Accel and RTP Global to expand its premium quick commerce platform.
e-commerce
Uzbekistan’s first unicorn, Uzum, leaps to a $1.5B valuation
Uzbekistan’s Uzum has raised $65.5 million in a new funding round co-led by China’s Tencent and the New York- and London-based VR Capital, with participation from U.S.-based FinSight Capital.
India expands its e-commerce crackdown with a new $200M case against Walmart’s fashion arm Myntra
India’s financial crime watchdog filed a complaint against Walmart-backed Myntra, alleging the company violated foreign investment rules by channeling over $191 million through a related-party scheme.