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DROOM TECH VALUATIONS
IPO pipeline worth $1 billion builds for India used-car startupsIndian online used car vendors like CARS24, CarDekho, and Spinny are streamlining operations and divesting from secondary ventures to prepa...- Droom Tech looks to revive IPO plans on hopes of recovery in tech sectorAggarwal said the company is working toward ensuring profitability. “We are controlling costs. And with changes we have made, we should be ...
- Money View hits $900M valuation; how 2022 killed the startup IPO partyMany Indian startups have struggled to remain solvent amid the prolonged funding winter this year, but Money View isn’t one of them. The fi...
- 2022 Year in Review | Is the startup IPO party over?The market for initial public offerings fell off a cliff in 2022 in India and around the world. In India, IPO activity saw a dramatic slowd...
- Despite Indian market resilience, why IPO-bound firms are deferring issuesThe secondary markets have been volatile lately, which is why the demand for IPOs has been slow, he added. "Investors see attractive buying...
- Droom Technology bets on four-fold demand in EVs by next three yearsGiven the traction in the local market, the company expects nearly two-thirds of its sales to come from electric vehicles in the coming thr...
- IPO activity to remain thin for next few months as equity jolts shock funding plansThe rising inflationary pressure, meltdown in expensive IPO counters, increasing inflation rate, FII selling and the war crisis have weighe...
- Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...
- After a rout in new-age players, can Delhivery's IPO be a litmus test for other startups?Dalal Street analysts believe that after the recent rout in IPO or platform-based stocks, Delhivery IPO will test the relish for other upco...
- Paytm, Zomato's fate forcing Oyo Hotels and Delhivery to delay IPOsInvestors have soured on new tech offerings after the calamitous public debut of fintech firm Paytm, as well as the battering received by n...
- Spinny turns unicorn after raising $285 million from ADQ, Tiger Global and othersThe company’s valuation of $1.5 billion pre-money has nearly doubled since it raised $108 million from Tiger Global and others in July. It ...
- MapMyIndia plans Rs 1,200 crore IPOThe company, which is backed by chip company Qualcomm and payments major PhonePe, is expected to file the DRHP (Draft Red Herring Prospectu...
- Cars24 in talks to close $350-million funding round at $2-billion valuationCars24, an online marketplace for used cars, is in the final stages of closing a $300-350 million funding round led by existing investor DS...
- ETtech Deals Digest: Gupshup, Droom raise funds this weekConversational messaging startup Gupshup and social media platform Sharechat were among the startups that raised funds this week.
- Droom is a unicornFrom Droom becoming an unicorn to Twitter getting an ultimatum on IT rules and Big Tech earnings recap, here's a quick look at the top tech...
- Asian investors bring new flavour to Indian startupsDeals involving Chinese investors jumped from 1 in 2013 to 27 in 2018, and Japanese investors from 3 to 54
- Droom raises $30 million in fresh funding roundThe Series E round of funding was led by the family office of Joe Hirao, founder of ZigExN, the Tokyo-headquartered company that owns and o...
- Droom raises Rs 130 crore; eyes acquisitions, IPOThe company is looking at listing on Nasdaq by the middle of 2019 and by then, Droom's GMV will touch about $2.5 billion.
- Furlenco raises Rs 200 crore in debt and equity financing in new funding roundThis is the third investment in the country by Axis Capital Partners, which had earlier backed fin-tech venture uTrade and online marketpla...
- Why Indian tech startups can look forward to a rebound by angel investorsThe apparent decline can be explained as a reflection of decreasing VC confidence in the Indian startup ecosystem, due to the prevalence of...
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