Listed below are some of the major news of the startup sector, take a look to stay updated:
Delhivery plans a $350M IPO in next few months
E-commerce logistics company Delhivery plans to hit the capital market with a $350-million (2,500 crores) initial public offer in the next few months. This is set to be the first e-logistics listing in the country.
Delhivery has hired investment banks Goldman Sachs, Morgan Stanley, Citigroup and Kotak to run the IPO process, according to two people aware of the development. The Gurgaon-based company is looking for a valuation of $2-2.8 billion and the IPO will see a mix of primary and secondary share sales, said one of the persons cited above.
Microsoft in talks with InMobi to raise Bing’s market share
SoftBank-backed adtech firm InMobi is in talks to serve ads on Microsoft’s search engine Bing globally as the technology company looks at a partner with expertise in engaging users on smartphones to increase its market share, which lags way behind that of Google.
Bengaluru-based unicorn InMobi positions itself as the largest independent mobile advertising platform outside of Facebook and Google. With a reach of over 1.5 billion mobile users in India, China, the US and elsewhere, InMobi has built up expertise in delivering mobile video ads.
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InCred plans on investing Rs 50 crore in Walnut
Non-banking finance company InCred Finance is seeking to invest around Rs 50 crore into Pune-based personal finance management startup Walnut as the Anshu Jain-backed company is extending its investments in new-age companies, said two people in the know of the matter.
This company, run by ex-Deutsche Bank senior executive Bhupinder Singh, was started about two years ago with its expanding product kitty. It offers loans for personal needs, education and small businesses. The likely investment may mark its first significant foray into the new age digital world.
Today’s Take Away:
We think that successful entrepreneurs have never made any mistakes. But that is something farthest from the truth. Making mistakes and learning from them is the only way that we can be successful.
Shane Barker, co-founder Modera rightfully says,
“You move forward, make mistakes, learn, change and then repeat.”
