Prosus anticipates as many as five potential IPOs from its Indian portfolio over the next 18 months, signalling growing momentum in the world’s second-largest internet market. The Dutch technology investment group on Monday named payments giant PayU, e-commerce startup Meesho and online jewelry seller Bluestone among startups preparing for public listings. TechCrunch reported last month […]
Prosus eyes 5 Indian IPOs in next 18 months Read More »
Sequoia is closing in on making its first deal in India and the broader Asia Pacific region since its split with former partners, according to four sources familiar with the matter. The investor, one of the world’s largest venture capital firms, is in advanced talks to back Vance, a Bengaluru-based cross-border payments startup, the sources
Sequoia nears first Asia-Pacific deal since regional split Read More »
Reddit is concentrating on international markets such as the U.K., India, Brazil, and the Philippines to bolster its user base. More than 50% of Reddit’s user base is outside of the U.S., the company’s chief operating officer, Jen Wong, told CNBC in an interview. Wong highlighted India, signaling that English-speaking users from the country are
Reddit looks to UK, India, Brazil and the Philippines to spur international growth Read More »
Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO. The $30 billion food delivery and quick-commerce giant, which leads both those categories, issued approximately 336.5 million shares at ₹252.62 each ($3), according to a stock exchange filing on Friday. The placement, which opened on
Zomato raises $1 billion in first major fundraise since 2021 listing Read More »
India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More than 20 startups are preparing to
India, already an IPO bright spot, prepares for bigger surge in 2025 Read More »
Flipkart co-founder Binny Bansal has stepped down from PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart’s acquisition
Flipkart co-founder Binny Bansal leaves PhonePe board Read More »
Cancer, one of the most life-threatening diseases, is projected to affect over 35 million people worldwide in 2050 — 77% more than the estimated 20 million cases in 2022, according to the World Health Organization. Cancer survivors globally reached 53.5 million, and the reoccurrence rate of the disease varies between 15 and 100%, depending on
OneCell Diagnostics bags $16M to help limit cancer reoccurrence using AI Read More »
Cancer, one of the most life-threatening diseases, is projected to affect over 35 million people worldwide in 2050 — 77% more than the estimated 20 million cases in 2022, according to the World Health Organization. Cancer survivors globally reached 53.5 million, and the recurrence rate of the disease varies between 15% and 100%, depending on
OneCell Diagnostics bags $16M to help limit cancer recurrence using AI Read More »
Arzooo, an Indian startup founded by former Flipkart executives that sought to bring “best of e-commerce” to physical stores, has sold its assets in distressed sale to Moksha Group. The deal follows Arzooo engaging with several startups, including Bengaluru-headquartered Udaan, for potential merger opportunities, according to people familiar with the matter. Arzooo had raised approximately
India’s Arzooo, once valued at $310M, sells in distressed deal Read More »
One of India’s largest news agencies, Asian News International, has sued OpenAI in a case that could set a precedent for how AI companies use copyrighted news content in the world’s most populous nation. Asian News International filed a suit in the Delhi High Court on Monday, alleging the AI company illegally used its content
Indian news agency sues OpenAI alleging copyright infringement Read More »
