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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Swiggy and Ola Electric’s plans to return to the public markets soon after big-bang IPOs leave investors with dilution, little prospect of returns and plenty of questions.
We are seeing accepted market logic and corporate finance theory being flipped on their heads. What else explains a large company returning to public markets for a substantial, heavily dilutive fundraise just 13 months after its much-anticipated, sizeable IPO—one in which investors handed it more money than it even asked for?
That company is Swiggy, whose Rs 10,000 crore qualified institutional placement is likely to open this week, per a Bloomberg report.
In its November 2024 IPO, Swiggy chose to raise Rs 4,500 crore in fresh funding, amid an escalating cash-burn battle with quick-commerce rivals Blinkit and Zepto. A …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
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.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
