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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.
The drone maker’s share sale is skewed towards providing existing investors with an exit, at a time when the company needs all the cash it can get for growth.
April 2023 brought good tidings for ideaForge, India’s largest (by revenue) and oldest pure-play drone manufacturer. Six drone makers received production-linked incentives from the government, and ideaForge was one of them.
There had been significant excitement around India’s drone sector preceding the disbursement—in the 2021-22 Union Budget, the finance minister introduced “Drone Shakti”, meant to establish “Drone as a service Model (DRaaS) to help unify India's fragmented drone industry and encourage collaboration between manufacturers and service providers”. In the next budget, she said the Ministry of Civil Aviation would take up DRaaS with 15 identified union ministries, facilitate faster clearances, …
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.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
