Indian tech start-up goes for $1.2bn IPO

Published

5 years ago

July 14, 2021

One of India’s biggest tech start-ups, has gone on sale with a $1.2bn initial public offering

Food delivery app Zomato raised $562.3m from institutional investors, already securing nearly 45% of the $1.3 billion it plans to raise through the IPO.

The 12-year-old startup revealed the news in a filing to local stock exchanges, with the official IPO to launch on Wednesday and close on Friday.

Among the investors are Tiger Global, and Government of Singapore, each backing the startup in the public markets.

Analysts are wary of the loss-making company’s high valuation

Zomato, backed by Jack Ma’s Ant Group, is the first of India’s major digital start-ups to issue an IPO.

Zomato’s three-day offering – with shares priced between 72 to 76 rupees per share – is expected to take the company’s valuation to $9 billion. Trading in the stock is likely to begin on 27 July.

As Zomato gears up for launch, it’s listing illustrates the confidence high-profile investors are placing in the world’s second-largest internet market’s first real consumer internet offering.

In a virtual press conference last week, Zomato executives confirmed that the startup plans to focus largely on India and will explore categories such as online grocery delivery in the future.

Amazon not seen as a competitor

The executives from Zomato dismissed Amazon as a serious competitor – at least for now.

“There’s no major impact on market share from Amazon so far,”

Amazon entered the food-delivery market back in 2020 and is only operational in Bangalore, India.

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

2 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

2 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

3 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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