Meesho has raised $570 million in a funding round led by Fidelity and B Capital to double the R&D team and acquire more users, as the social ecommerce platform looks to compete directly with Amazon and Flipkart.
Sebi said in an ex-parte interim order dated September 27 that Ramit Chaudhri, the Infosys employee, and Keyur Maniar, a Wipro staffer, have been banned from trading in securities and that their demat and bank accounts have been frozen.
Homegrown startups such as Zoomcar and Wakefit.co are hiring top talent from India and around the world to help them unlock the next level of growth.
The government has accelerated efforts to start chip manufacturing in the country and is reportedly in talks with Taiwan to bring a $7.5 billion fab unit to India soon.
The anchor investor for the Rs 1,000-crore fund is Innoven Capital Pte Ltd, a joint venture of Seviora (Temasek) and United Overseas Bank. It has a green-shoe option to raise an additional Rs 1,000 crore.
"Essentially, the idea of the digital mission…is to leverage information and communication technology…. and data to essentially make the health services delivery," Sharma said at the Global Fintech Fest on Wednesday.
Based on the pricing range, the company would have a market valuation between $1.9 billion to $2.4 billion after completion of the listing on Nasdaq Stockholm.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
