After Blockbuster Zomato IPO, Fully Sold On Day 1, More Unicorns Line Up
Early Public Offering Zomato Ltd. $ 1.3 billion was fully responded to the first day, the vote for the market where a group of homegrown startup was preparing to go public. Zomato, the online food delivery platform, got an offer for around 749 million shares against 719.2 million shares offered. The IPO is set to […]
Read MoreNew Space Race: Did Richard Branson really travel to ‘space’, and how the flight stacks up against Jeff Bezos’
Billionaire Richard Branson flew to the edge of the space on July 11 on a rocket ship ‘Unity’, his company, Virgin Galactic, has grown for about two decades. Branson, almost 71 years, and five crew members of the space tourism reached an altitude of about 88 kilometers above the New Mexico desert in the United […]
Read MoreExclusive | Zomato to raise $560 million from anchor Investors for IPO: Sources
Startup IPO Frenzy Kick-starting with the first Unicorn, the Zomato food delivery platform was launched on July 14. The source told MoneyControl that Zomato received a strong response from global institutional investors for anchor books. Zomato Garners almost half the problem size is around $ 560 million from institutional investors at the top of the […]
Read MoreRakesh jhunjhunwala to support new cheap airlines, can have up to 40 percent of the shares: report
India’s famous investor Rakesh Jhunjhunwala reportedly supports new low-airline businesses with an investment of up to $ 35 million (Rs 260.7 Crore), a report in economic time. The airlines that were just pursued by experienced flight professionals including the CEO of Jet Airways Vinay Dube which reportedly led initial talks with Jhunjhunwala and foreign investors, […]
Read MoreZomato can register at a 30-35% premium by subscribing to heavy; Has some red flag, said Gaurav Garg from Capitalvia
Zomato RS 9,375-Crore Food Delivery Platform The initial public offering, which is open to subscribe on July 14, can list at a 30-35 percent premium, Gaurav Garg, a research head at Capitvia Global Research said. The company has several red flags, including competition from its biggest rivals, Swiggy, and ongoing disputes with restaurants with discounts, […]
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