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InMobi plans US IPO at value of up to $15 billion

InMobi Pte, which offers mobile-advertising services globally, is looking to list in the U.S. by the end of the year, as revealed by a person familiar with the development, possibly the first among a slew of Indian startups targeting initial public offerings. The tech startup, India’s first private company to attain unicorn status with venture […]

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Macrotech Developers receives SEBI approval for ₹2,500-crore IPO

Macrotech Developers (formerly Lodha Developers) has received a green flag from the market regulator for its proposed ₹2,500-crore Initial Public Offering (IPO). The company intends to roll out the offer by April 10. Moreover, the property developer would also plan to raise ₹500 crore through a pre-IPO placement. “The company’s IPO plans are on track, […]

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Zoko funding

Tech platform Zoko on Wednesday announced that it has raised $1.4 million (about Rs 10.2 crore) in seed funding from Y Combinator and marquee angel investors Ryan Hoover, Flipkart Co-founder Binny Bansal’s family office, and others. As per the statement, the startup will utilize the latest round of funding to strengthen its engineering and development […]

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Startups To Face Disturbance In Subscriptions From April As RBI Changes Recurring Payments Rules

Auto-debit payments for mobile and utility bills as well as various subscription-based services will come to a standstill starting April as new rules for automatic recurring payments kick in. Standing instructions (SI) registered on credit or debit cards for services such as Netflix, Amazon Prime, Disney+ Hotstar as well as multiple other online services such […]

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Uable funding

Bengaluru-based online life-skill development platform Uable has raised $3.5 Mn in a pre-Series A round led by JAFCO Asia and Chiratae Ventures. Existing investor 3one4 Capital also participated in this round. Uable plans to use the freshly acquired funds to form a global team, expand the product globally and add more real-world domains for teenagers […]

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Chinese investors, angels plan exit from Cred in secondary share sale

Chinese investors Hillhouse Capital and Morningside Ventures are looking to sell their complete stake in fintech platform Cred along with angel investors who include India’s most prominent entrepreneurs, with existing and new investors planning to give them an exit, sources told Moneycontrol. Hillhouse owns less than 10% of the Kunal Shah-led company, while Morningside owns […]

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India’s top pharmaceutical majors in talks to buy Pharmarack

A consortium of India’s top pharmaceutical majors, includingLupin, Sun Pharma, Cadila Healthcare, and Torrent Pharma, is in advanced discussions to acquire the business-to-business healthcare platform Pharmarack, according to several people familiar with the progress directed at creating a digital-first pharma distribution business. Regulatory filings by the four companies last week show that each has invested […]

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Nazara Technologies makes a strong debut at Rs 1,990, a 81% premium

Rakesh Jhunjhunwala-backed mobile gaming company Nazara Technologies had a strong debut as the share opened with a huge 80.74 percent premium on March 30. The stellar start was predicted considering that the IPO was subscribed 175.46 times, the company’s solid revenue growth trajectory with a successful business model, increasing smartphone penetration with more youngsters taking […]

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