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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 fintech company is looking to rebuild its financial services business from scratch amid strong regulatory headwinds and will use the IPO’s proceeds to do so.
Gurugram-headquartered fintech company MobiKwik’s Rs 572 crore IPO, which closes today, has seen a resounding response. It was fully subscribed within the first hour-and-a-half of opening on 11 December and, at the time of writing, had been oversubscribed by over 20 times.
This is a vindication of sorts for founders Bipin Preet Singh and Upasana Taku, who have spent a good part of the last decade in building the company. But a surprise to regular readers of The Morning Context. Considering that we’ve written multiple stories on the dim prospects of MobiKwik and the fact that this is the …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
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.
