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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 Sequoia-backed gaming company has been struggling to find its next big endeavour and grow into its valuation.
It seems that Mobile Premier League saw the writing on the wall early, perhaps in February itself. The online gaming company had stepped out to raise funds, held a few discussions and in the process, sensed that things were about to go south.
Just a few months before, in September 2021, MPL had announced a massive round. The four-year-old company had raised around $150 million at a valuation of $2.3 billion, a significant number for an Indian gaming company. In its previous fundraising round, in February 2021, MPL had been valued at $945 million.
It was a big jump but …
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.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
