Hey I am on Medialย โขย 5m
The underwhelming IPO response isn't about Ather's product (which is excellent) but about timing. They're raising capital right when interest rates are peaking and EV subsidies are uncertain. QIBs are hesitant because Ola Electric's post-IPO performance has been disappointing. That said, Ather has something Ola doesn't: quality control and customer satisfaction. I think QIBs will step in by end of day, but don't expect fireworks on listing. This is a 2-3 year story that needs patience.
Keen Learner and Exp...ย โขย 1y
Unicorn Alert! Ather Energy, an Indian electric scooter manufacturer, is now the 4th Unicorn of 2024. After raising $71 million in a funding round led by National Investment and Infrastructure Fund (NIIF) pushing their valuation to $1.3 billion Fou
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Top News of the Day: 1. Zomato crosses $25 Bn market cap with Rs 253 Cr profits in Q1FY25 2. Facebook parent Meta sees strong global ad sales while keeping AI costs in check 3. FirstCry announces Rs 440-465 price band for Rs 4,194 crore IPO. 4.
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Top News of the Day: 1. Waycool, the Chennai-based agriculture supply chain firm, has raised Rs 100 crore (about $12 million) in debt financing from Grand Anicut. 2. Unified Payments Interface (UPI) has achieved a significant milestone by processin
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Top News of the Day: 1. Ministry of Labour & Employment signs MoU with Rapido for strengthening employment linkages in logistics sector 2. SEBI probes into Ola Electric's sales data amid complaints 3. Stimuler, an AI voice-first tutor for ESL user
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Top news of the day: 1. Bhavish Aggarwal's AI venture, Krutrim, has laid off over 100 employees, primarily from its linguistics team, amid stalled fundraising and low user adoption. 2. Xflow, a cross-border payments platform, has received in-princi
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Top News of the Day: 1. Convin secures $6.5 million in funding for expansion plan 2. BigBasket, India's largest e-grocer, plans to transition into a full-scale quick commerce platform to meet the rising demand for rapid deliveries. 3. Apple has a
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Top News of the Day: 1. Zomato collected Rs 83 cr in platform fee from customers till March 2. Zetwerk, a contract manufacturing unicorn, has partnered with Smile Electronics to set up three advanced IT hardware production factories in India. 3. I
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Faad Networkย โขย 6d
Went to IIT Madras, rejected by 80 VCs and built a 22,150 CR company. 1. Tarun Mehta was pursuing a dual degree program in Engineering Design at IIT Madras. But, since business was in his Marwari blood, he partnered up with his batchmate (Swapnil) t
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