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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.
Between Awfis, WeWork India and Table Space, the country’s co-working startups have done well to avoid the narrative and valuation associated with technology companies.
Last week, Awfis got the nod from India’s securities regulator to go ahead with its initial public offering (IPO), the first-ever by a co-working company in India. Awfis—backed by some marquee investors, including Peak XV Partners (formerly Sequoia Capital India) and ChrysCapital—had filed its draft IPO papers in December last year.
On the other hand, WeWork, the now-disgraced American startup, is all set to exit the India business and sell its entire stake of a little over 25% to new investors. The Economic Times first reported the development.
Since it started operations in 2017, WeWork in India has been run …
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.
Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
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.
