Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months
The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
The new round is expected to see participation from Avendus Capital, Eight Roads Ventures India, F-Prime Capital, among others