Fintech startup FPL Technologies bags $75 million funding at $750 million valuation
The fundraise was led by its existing investor QED Investors along with GIC Singapore, Janchor, Sequoia Capital India, Matrix Partners India and Hummingbird Ventures.
Why L&T Mutual Fund's sale fetched low valuation
Market sources indicate stagnant AUM, poor performance in most of the equity schemes and an AUM composition tilting towards low-valuation fetching debt funds as major reasons
Postman raises $225 mn at a $5.6 bn valuation
The SaaS unicorn—whose co-founders are part of Fortune India’s 40 Under 40 list this year—has more than doubled its valuation in a little over a year.
Covid-19’s second wave stings equity markets
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
FY21: A bumper fiscal for the bourses
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
It’s Tata v Mistry on the bourses
The two listed stocks of Shapoorji Pallonji Group jumped on the bourses after the Mistry family said it was considering severing ties with the Tata group.
Tata v Mistry: The final act?
While an amicable separation of the two warring sides may be good for all stakeholders, arriving at an acceptable valuation will not be easy.
A stricter approach to valuation
The government is tightening the screws on workarounds under the FDI route. An amendment to the rules reinforces the principle that what cannot be done directly, should not be done indirectly.
WeWork’s brutal markdown saga: The big question
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.