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The Snapdeal problem now belongs to public investors

Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.

Business
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Saudi Arabia’s big push to clean up its markets

The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.

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The great Indian insurance overhaul
IRDAI wants to fix a model where distributors chasing high commissions push unsuitable policies, hurting customers. The regulator should brace for a major industry pushback.
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The House of Rare wants to be the house of everything
Manish and Akshika Poddar are trying to replicate their menswear brand Rare Rabbit’s success across other fashion categories. But it’s a crowded market and profit margins are thin.
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Business
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A $12 billion UAE project in the Maldives
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.

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Spotlight

Internet
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VCs put $86 million into FirstClub. But is it venture fundable?
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.

Middle East

Business
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A $12 billion UAE project in the Maldives
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
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Best of Internet Coverage

Internet
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The Snapdeal problem now belongs to public investors
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.

Best of Chaos Coverage

Chaos
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RSS chief's North America visit did not go well. Its problems run deep
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.

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Startups

Internet
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The Snapdeal problem now belongs to public investors
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.

Education Technology

Internet
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Allen Career Institute is in flux and nowhere close to an IPO
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.

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State of Unicorns

State of the Unicorns
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How ShopClues faded without a fight

The fall of this e-commerce giant within a decade of its launch was marked by blind optimism, a total disregard for customers and a massive failure to read the tea leaves.

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