Performance of recent IPOs, such as Zomato, has fed enthusiasm. Money raised in 2021 surpassed totals of past 3 years. Now, Paytm, Flipkart & Byju's are considering IPOs too.
Zomato IPO is a triumph not just for 36-year-old Deepinder Goyal, but also scores of Indian entrepreneurs. With the 66% stock jump, Goyal is now worth $650 million, based on his 4.7% stake.
Compared with the IPO price of Rs 76, Zomato surges in its trading debut Friday. This is a boon for China's Ant Group, which is benefiting from its early investments in Indian companies, including Zomato and Paytm.
Zomato has generated a seldom-seen frenzy among the investment community. Investors will now get a taste of the food delivery giant when it debuts today after a $1.3 billion IPO.
About 53 per cent of respondents from these Hindi-speaking states knew what Zomato is, which is significant. But it is well below the awareness for Paytm.
Swiggy said it will use the funds to accelerate growth in food delivery and invest in its instant grocery delivery service Instamart, pick-up-and-drop service Genie and Supr Daily.
With China's crackdown on internet companies and India’s 625 million internet users just dipping their toes into the world of social networking & ecommerce, investors are turning their attention to India.
The broader buzz around Zomato, which has a $1.3 billion initial public offering, spilled out from financial circles into the social media space & could push other startups to list.
Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.
Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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