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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 deal has dragged on for more than three months. Both companies want it to go through, but valuation and complex shareholding remain stumbling blocks.
PhonePe’s negotiations to acquire ZestMoney have proven to be fascinating and complex in equal measures. Even as Walmart, PhonePe’s owner, is still conducting its due diligence on the acquisition, PhonePe has handed out a Rs 150 crore lifeline in form of a loan to ZestMoney to keep its operations intact.
While the initial expectations in November when The Economic Times first reported the talks were that a deal could be wrapped up quickly, the negotiations have entered a third month, and it has been over two months since the loan. According to four industry executives in the know, the deal …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
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.
