Ashok Soota was 68 when he started Happiest Minds. He’d quit as the Chief Executive Officer of Mindtree — a company he co-founded and took public — in a huff. At the time, I wrote an article titled ‘Will Ashok Soota’s track-record rub off on Happiest Minds?’ for a financial daily. Mr. Soota’s track record […]
Aside from consumer internet, business-to-business and software startups have also seen a speedy recovery in some cases. “B2B and SaaS have actually held up pretty well. I thought business and recovery would be slow, but for many startups, both existing and new clients are coming in, payment cycles are on schedule and people are closing […]
If the IPO does happen, it will be the first among India’s modern consumer internet startups, and India’s first internet IPO since companies such as Infoedge (which owns Naukri.com) and MakeMyTrip. Infoedge is also a shareholder in Zomato.
“Companies such as Facebook and Amazon were loss-making at the time they went public. So losses might not hold back Indian tech unicorns from an IPO. If a company isn’t profit-making, it will have to go through a book-building process where a stock price is decided within a range based on bids received,” said Santosh […]
Zomato CEO has thanked the team for their hard work and commitment adding that waiting a little longer will result in significantly more value creation for all. In total, Zomato ex-employees have sold almost USD 30 million (around Rs 225 crore) worth of shares to investors, Goyal said. The sale comes at an […]
By Eric NewcomerUber Technologies Inc.’s revenue growth slowed and losses persisted in the fourth quarter, casting a possible shadow over the ride-hailing giant as it prepares for a public offering this year.Losses were down 15 percent for the full year over 2017, but still reached an adjusted $1.8 billion. That could pose a challenge to […]
“We believe Happiest Minds IPO offer gives investor a unique opportunity to own a digital product engineering company. We see digital engineering business is growing much faster than traditional IT business and it is well positioned to overcome the business challenges due to the COVID-19 pandemic with high exposure into ‘edutech’ and ‘high tech’ verticals […]
The ban on PUBG has opened new opportunities for gaming startups in India, which can capitalise on the public interest in this evolving sector. Live gaming is emerging as a major space and startups can be built here with massive revenue opportunities as well.
Palantir, co-founded in 2003 by billionaire Peter Thiel, is among 2020’s most eagerly anticipated public listings, with much conjecture about how much the company is actually worth and whether investors will view it as a lucrative software provider or a less-glamorous consulting business.
“Historically, periods of macro instability or crisis have been a huge tailwind for us. The global financial crisis, ISIS attacks in Europe in 2015, and 2016, the present day COVID. And it’s a tailwind for us because it means that the competitive alternative of building your own solution in three years or more, is just […]