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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.
Ahead of its IPO, the startup is at its most vulnerable. With a quick commerce mainstay that trails Zomato’s Blinkit by a distance—and is burning cash to play catch-up—profits will clearly have to wait.
The Swiggy leadership and its investors must congratulate themselves for reaching the IPO milestone. The applause will be short-lived though. A detailed reading of the 532-page draft prospectus filed ahead of the public listing doesn’t paint the strongest picture of the startup or its immediate future, despite its commendable run until now.
Ahead of what is being billed as one of the largest IPOs in India’s tech ecosystem, Swiggy has spent the past many months trying to get everything right—offer size, valuation and a (confidential) filing where it would have the flexibility to change the terms later on. Now, …
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.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
