ShopClues looks to raise $75-100 mn in pre-IPO round

ShopCluesClues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a mix of primary and secondary components, The […]

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We went through near-death experience many times, says Nutanix founder

Dheeraj-PandeyThough Dheeraj Pandey is fairly well known and connected among the who’s who of the tech industry, he hit headlines in his home country only late last year. Cloud computing firm Nutanix, which Pandey co-founded seven years ago in Silicon Valley, exceeded market expectations during its Nasdaq debut in September to hit a $5 billion […]

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Exclusive: Online matchmaking venture BharatMatrimony pushes back IPO plan

For-Bharat-Matrimony-Story-TC_holding-hands-1404625_1920Online matchmaking and marriage services provider Matrimony.com Pvt Ltd has scrapped plans for an initial public offering (IPO) this year, with just days remaining for its regulatory approval to lapse, its founder and CEO Murugavel Janakiraman told VCCircle. The Chennai-headquartered company, which owns Bharatmatrimony.com among clutch of affiliated websites, joins dozen other companies that failed […]

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Snapchat confidentially files for an IPO: report

IPO_ThinkstockPhotos-5143007392Photo messaging service Snapchat confidentially filed for an initial public offering with the Securities and Exchange Commission (SEC), sometime before Donald J Trump was declared President-elect of the United States, according to a Reuters report filed a few hours ago, citing unnamed sources. While the Internet company will hit the public markets in March, it […]

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Exclusive: Mobile games developer Nazara may tap public market

Nitish-Mittersain_feMobile games developer Nazara Technologies Pvt Ltd that had hit the road to raise private equity funding a year ago is now reviewing its plan and may opt for a public market listing, Nitish Mittersain, founder and managing director of the firm told Techcircle. He said if the firm decides to move ahead with the […]

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Snapchat ​aims to raise $4 billion in IPO

Fund-raisingUS-based instant messaging app Snapchat is reportedly planning to raise as much as $4 billion in its initial share sale. According to a report in Bloomberg, the initial public offering (IPO) could value Snapchat, owned by Snap Inc., as high as $40 billion. The report added that,  according to people with knowledge of the development, […]

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Just Dial loses second CTO in a year

RV-Raman2Online local business search service Just Dial’s chief technology officer RV Raman has left the company. Raman, who took over as CTO in January this year, resigned last week, according to a note the company has sent to the stock exchanges. Just Dial has thus seen exits of two technology heads successively in a year. […]

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Uber still not ready for IPO, says CEO Travis Kalanick

Travis-Kalanick,-CEO,-Uber2Uber Technologies Inc., the world’s largest cab-hailing service provider, is not yet ready for an initial public offering, co-founder and CEO Travis Kalanick has said. “I feel like we maybe just entered high school,” Kalanick told Vanity Fair at an event in San Francisco. “It’s the ninth grade. It’s not time to go to prom […]

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Jeevansathi.com turns profitable for the first time in 10 years

JeevansathiOnline matrimony service jeevansathi.com, run by Info Edge India Ltd., has clocked in operating profit for the first time after making quarterly operating losses for the last ten years on the back of increasing revenues and market share. The company registered earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 65 lakhs during the […]

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Morgan Stanley, Goldman Sachs to be lead bankers for Snapchat’s IPO

snapchatPhoto messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg citing unnamed sources stated. Besides these, J […]

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