Snapdeal Shelves IPO Plans as Investor Appetite for Tech Stock Wanes
The Snapdeal IPO may be launched at a later date. According to the firm, a move will depend on their need for capital at that time.
The Snapdeal IPO may be launched at a later date. According to the firm, a move will depend on their need for capital at that time.
The state of the market is generally uncertain and there is a chance that Zomato investors will be looking for every opportunity to offload the shares at every slight price gain.
Zepto, one of India’s emerging quick food delivery startups has raised the sum of $200 million in a Series D funding round, drawing unusually high interest from venture capital firms.
According to a filing to local stock exchanges, Zomato revealed that it plans to raise a total of $1.3 billion through the IPO and has achieved 45% of that figure with its latest funds.
In a bid to ensure that it cuts losses on its journey to profitability, Uber is planning to sell the Indian arm of its Uber Eats business to Zomato.
RegTech Startup Velix.ID are building a blockchain platform to ease the processes of identity verification and sharing across business and consumer markets globally.