Swiggy, the leading food delivery platform based in Bengaluru, has been valued at $11.5 billion by investor 360 One WAM, according to a recent investor presentation seen by ET. This valuation comes as Swiggy prepares to go public through a significant $1.25 billion IPO process.
In the first half of fiscal 2024, Swiggy reported impressive revenues of INR 7,474 crore. This financial performance…
The Indian government is considering allocating up to INR 40,000 crore for a new scheme aimed at boosting electronics component manufacturing within the country. This strategic move is part of a broader initiative to strengthen the domestic electronics supply chain and enhance India’s position in the global tech industry.
The scheme is designed to encourage significant investment in electronics…
Nestle SA is undergoing a significant leadership change as Mark Schneider steps down from his role as CEO after nearly eight years at the helm. The Swiss food giant has announced that Laurent Freixe, a long-time company veteran, will succeed Schneider as CEO starting September 1, 2024.
Schneider, 58, led Nestle through a transformative period, reshaping the company’s structure and steering it…
Dropbox, a cloud storage titan serving over 500 million users globally, began its journey as a modest two-person startup. Here’s a look at its remarkable rise to becoming a billion-dollar enterprise.
The Genesis of Dropbox
The inception of Dropbox can be traced back to 2007, when Drew Houston, the company’s founder, faced a frustrating moment on a bus ride. Houston, who had been coding since…
The significant share acquisition aims to increase the capital of the Indian unit, aligning with Foxconn’s broader strategy of scaling up its operations beyond smartphone manufacturing. Liu highlighted the company’s ambitions to advance in sectors such as information and communication technology (ICT), electric vehicles (EVs), energy, and digital health.
In addition to the Indian investment…
Titan Capital Winners Fund, led by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully raised its target corpus of INR 200 crore. The fund’s primary focus will be on investing in follow-on rounds for standout companies from its seed-stage portfolio, using high-signal data to guide investment decisions.
Bahl and Bansal, as the largest investors, emphasize their commitment to…
Nazara Technologies Limited, a prominent Indian gaming company, is advancing its international expansion strategy with two major announcements this month. On August 21, 2024, the company revealed plans to invest up to £21.2 million (about ₹229.4 crore) in its UK subsidiary to fund the acquisition of Fusebox Games Ltd.
The investment will be split into a share subscription of £4,236,246…
Building a successful startup requires more than just a brilliant idea; it hinges on assembling a strong, dynamic team that can bring your vision to life. The right team can transform a fledgling concept into a thriving business, while the wrong team can lead to early failure. Here’s a step-by-step guide on how to create a winning startup team, along with essential tips and tricks to ensure your…
Melissa Tavss, founder and CEO of Tipsy Scoop, transformed a fun side project into a multimillion-dollar enterprise. After feeling burnt out from her corporate job in marketing and PR, Tavss decided to pursue a new path by reviving a family tradition of ice cream-making.
Tavss, who had been working in the wine and spirits industry, began developing recipes for boozy ice cream while attending…
Gautam Adani to Revamp Family Offices with New Leadership and Global Auditors
Billionaire Gautam Adani is set to implement significant changes to his family offices, including the appointment of auditors from a top global accounting firm and the hiring of a chief executive officer. This strategic overhaul is aimed at enhancing transparency and financial disclosure, aligning his family offices with…
