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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 nearly two-decade-old investment platform will not make any angel or pre-seed investments anymore. Its closure tells the larger story of the state of angel investing in India.
Mumbai Angels is winding up its operations. One of the oldest angel investment platforms in India, the venture will no longer make any angel or pre-seed investments. 360 ONE (previously known as IIFL Wealth & Asset Management) acquired the platform in 2022 and seems to have decided that running the angel investment platform does not make sense for the company.
All investments made by Mumbai Angels have been subsumed and will be managed by 360 ONE. Meanwhile, the members of the platform have been given an open option to invest in the new fund—a Rs 500 crore fund that will …
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
