Tiger Global, which has made over 50 investments in India this year, is currently conducting due diligence to back an additional nine startups in the country, according to a person familiar with the matter.
The Koko Club products, displayed in designated spaces within the agents’ small shops, will only be sold to registered Koko Club members. Koko Club, its new business line, is selling the products directly to consumers through the dukas (small shops) that currently serve as the company agents for its bio-ethanol cooking fuel and stoves. The shop owners (agents) are using Koko’s PoS system to sign up customers, capturing their biodata, and issuing them with an electronic card that they will use when buying products from any Koko Club shop.
Industry veteran Jitendra Gupta consumer-focused neobank Jupiter has raised about $86 million in a new financing round as the Bangalore-based startup gears up to offer its customers lending and wealth management services. Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round.