US retail giant Walmart Inc mentioned in its report to US security exchange that they may come up with an initial public offer (IPO) of Flipkart as early as four years. Walmart in its report said IPO will be at “a valuation no less than that paid by Walmart under the share issuance agreement, subject […]
Recruit Holdings, a Japan-based HR services provider announced on Wednesday that it reach an agreement with California-based job site operator Glassdoor to acquire the company for $1.2 billion to get access to the database of company reviews and salary data. Glassdoor is a private company founded in 2007 that allows its employees and former employees […]
Coatue Management one of the world’s best performing technology hedge funds, is in discussion to invest $50-100 million in Swiggy, the online food-delivery in partnership with a few additional investors. This will be the second investment in two months for the food delivery app after South African Naspers and Meityan-Dianping, the Chinese e-commerce. This states […]
Elliott Management, the activist hedge fund credited in the change of Cognizant’s business model two years ago, recently bought a tiny stake in Wipro, the Information Technology Services Corporation. This investment further highlights the 34-billion hedge fund company’s interest in Indian IT companies as it presently owns two companies in this sector out of their […]
Bitcoin rocketed to a lifetime high well above $16,000 on Thursday after climbing some 67 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst. The largest U.S. cryptocurrency exchange struggled to keep up with record traffic as the price surged, with an upcoming launch of the […]
Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. After soaring more than 1,000 percent since the start of the year, bitcoin […]
Even after several hacks and critics, Bitcoin is showing no signs of slowing down! The hack on cryptocurrency peer Tether of $31 million, the latest of the hacks seemed to fade quite quickly, not stopped Bitcoin from blowing past $9,000 in less than a week. Starting around $8,021 Bitcoin rose to $9,605 in a week. […]
[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the […]
U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles. Qualcomm’s board of directors could meet as early as Sunday to review the unsolicited acquisition offer […]
Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly […]
India’s Unicorn Internet startups Flipkart and Ola are grouping together with peers including travel portal MakeMyTrip to launch a Nasscom like industry body that will be representing their interests and aim to deal with deep pocketed rivals, and sustain their existence in one of the world’s most prized markets for digital commerce. The lobby group […]
The total valuation of late-stage, venture-backed private companies in the UnitedStates and Europe has exploded from a few dozen startups worth acollective $40 billion in 2010 to hundreds of firms thattogether are now worth almost $500 billion, according to a report released Thursday. The numbers show the magnitude of the recent trend in which the […]