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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 car rental startup has somehow managed to go public and says it will turn a profit this year. That seems to be far from reality though.
Zoomcar Inc. is now a public company. Last month, the car rental startup was acquired by a special purpose acquisition company, or SPAC, called Innovative International Acquisition Corp.
Zoomcar, founded a decade ago in Bengaluru, has been talking about the SPAC deal and listing in the US since late 2022. Its initial target of going public in the first half of 2023 saw delays, but to some surprise, the merger came through in the last days of December, with the company now trading on the Nasdaq as Zoomcar Holdings Inc.
But the listing is far from a successful ending for …
The e-bike rental startup has made the most of the country’s quick-commerce boom, fuelled by the pandemic lockdowns. Now it needs to step outside its comfort zone.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
Peak XV Partners is in a pickle. The loss of much of its senior India leadership has thrown up a familiar venture capital conundrum: how do firms reward and retain top performers in a business where a few big wins end up carrying the entire fund?
