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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.
Last week, Adda52’s parent company filed its draft IPO prospectus. A closer look suggests that it’s all a big gamble.
Last week, a rather peculiar company filed its draft papers for an initial public offering— Deltatech Gaming, which runs the online poker platform Adda52.
Deltatech—until recently known as Gaussian Networks—is a decade-old firm that is known for its poker tournaments and big cash prizes. It is one of the oldest online poker companies of India and one of the largest as well. It’s also expanded into other games such as rummy, but more than 90% of its business is from poker.
What is surprising is that never before has a real-money gaming company approached the public markets to raise funds …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
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.
