Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
Hi, this is Pranav in New Delhi. It’s been a busy week for us here at ETtech breaking some important stories around the quick-commerce sector. Shelf spaceOn Thursday, my colleagues Apoorva and Soumyajit wrote about how getting a spot on quick commerce platforms has become a challenge for direct-to-consumer (D2C) brands, which are coughing up 40-45% in commissions to apps such as Blinkit, Zepto and Swiggy Instamart. 109447781This is reminiscent of the early days of ecommerce boom when smaller...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility […]
PhotonVentures, a Dutch deep tech fund aiming to boost Europe’s photonics industry, has closed its second fundraising round with over €15mn — bringing its total capital to €75mn. The fund targets startups and scaleups developing solutions with photonic chips for a wide range of applications: from data transmission and health diagnostics to smart sensors, AI, AR, and VR. PhotonVentures will initially invest in 20 early-stage companies with international growth potential. It will focus on...
JOPLIN, Mo – After a week of high school sports & collegiate sports, we showed off our Top 5 Plays of the Week from around the Four States. Play #1: Lydia Feiste (Crowder Sophomore Utility Player) — Tied at 5-5 in the bottom of the 7th inning with the bases loaded, Crowder's Lydia Feiste stepped up and []
JOPLIN, Mo – After a week of high school sports & collegiate sports, we showed off our Top 5 Plays of the Week from around the Four States Play #1: Cooper Lilienkamp (Carthage Sophomore Outfielder) — Carthage's Cooper Lilienkamp hit a walk-off 2-RBI single against Carl Junction. With two outs in the bottom of the 7th, []
See the technology stories that people were reading on GeekWire for the week of April 14, 2024.… Read More
US stocks endured a difficult week with technology stocks and small caps particularly in the firing line amid disappointing news from the chip sector, escalating tensions in the Middle East and th
Dzhokhar Tsarnaev, 30, has been on death row at Colorado 's ADMAX Florence. An ex-warden slammed his failure to pay the $101 million that he owes to victims. Tsarnaev's lawyer is moving to stop cops seizing $4,223.86 in his prison canteen
Hallo, Netherlands! Welcome to TNW's first weekly round-up of tech news from our glorious home country. As we count down to TNW conference in Amsterdam on June 20 and 21, we’re ramping up our coverage of the Dutch IT sector. We'd also love to hear your thoughts on the local ecosystem. Drop us a line if you want to showcase your startup, share a digital tip, or just tell us your deepest, darkest secrets. In the meantime, let’s get to the news. What we're writing Chip giant ASML...
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