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...
Fintech is once again the UK’s best-funded startup sector after climate tech secured the most investment in 2023. In the first quarter of 2024, UK fintech companies raised $1.4bn across 73 rounds, according to data from Dealroom and HSBC Innovation Banking. Fintech funding rounds over the period include £340m raised by challenger bank Monzo and […]
The City minister doubled down on the Treasury’s contentious tax on share trading yesterday after a group of the UK’s top fintech firms called for the charge to be dropped.
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
Sydney is set to follow in the footsteps of London and New York to stake its claim as one of the world’s leading climate action cities with the inaugural Climate Action Week Sydney taking place between May 13-19 2024.
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...
It will be a busy week for investors in the third week of April amid geopolitical headwinds and the onset of the general election fever back home. Several stock market triggers including the January-March quarter results for fiscal 2023-24 (Q4FY24), general elections 2024, the Israel-Iran conflict, domestic and global economic macroeconomic data, crude oil prices, and global cues are likely to keep investors on their toes and will guide market direction this week.Despite touching fresh lifetime...
A selection of some of the most interesting, unusual, and captivating
Pieces from Benji Jones, Howard Bryant, Carey Baraka, Sally Jenkins, and Jeannette Cooperman.