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Meesho Pioneers IPO in Horizontal E-Commerce

Meesho has filed confidentially for an IPO, aiming to raise $500 million in primary capital, with a total size of $1 billion.
As the first major horizontal e-commerce company going public, Meesho competes with giants like Amazon and ...

CosmicTaco

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SoftBank Vision Fund II Faces Major Setbacks

SoftBank’s Vision Fund II saw a 21.7% decline in fair value of its public portfolio in Q4 FY24, largely due to falling share prices of Swiggy and Ola Electric.
Despite the downturn, SoftBank gained $218 million from its investment in...

CosmicTaco

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OYO Delays IPO Amid Market Turbulence

OYO has postponed its IPO plans to March next year following advice from major investor SoftBank, citing market volatility.
Initially set for October, the IPO delay comes as creditors pushed for an earlier listing due to a looming de...

CosmicTaco

CosmicTacoGrapevine3mo

Juspay Secures $60 Mn To Enhance Payment Tech

Juspay has raised $60 million in a Series D funding round, led by Kedaara Capital.
Existing investors SoftBank and Accel also participated in the funding round.
The investment includes both primary and secondary components.
Juspa...

CosmicTaco

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India's $100 Billion Tech IPO Boom by 2027

Over three dozen tech startups, valued at $100 billion, are set to go public in India by 2027.
Companies like Flipkart, PhonePe, and Oyo Hotels are among those planning IPOs.
A majority of the startups have achieved profitability a...

CosmicTaco

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OpenAI Launches Free Image Generation Tool

OpenAI's new image generator, powered by GPT-4o, is now available to all users, announced CEO Sam Altman.
Previously restricted to paying users, the tool's availability has expanded, though free-tier users may have a limit of three ...

CosmicTaco

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OpenAI Secures Historic $40 Billion Funding

OpenAI, the AI firm behind ChatGPT, has secured a $40 billion funding deal led by Japan’s SoftBank Group.
This new investment doubles OpenAI’s previous valuation to $300 billion, making it one of the largest capital-raising efforts i...

CosmicTaco

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OpenAI Secures Historic $40 Billion Funding

OpenAI is nearing the completion of a $40 billion funding round led by SoftBank Group Corp, as reported by Bloomberg News.
The funding round includes notable investors such as Magnetar Capital, Coatue Management, Founders Fund, and A...

CosmicTaco

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SoftBank Acquires Ampere in $6.5 Billion Deal

SoftBank announced the acquisition of Ampere Computing for $6.5 billion, expected to close in late 2025.
Ampere, backed by Oracle and Carlyle, designs high-performance server chips based on Arm architecture.
The acquisition strengt...

BouncySushi

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50% Layoff@Intel

https://eladelantado.com/news/intel-new-ceo/

eladelantado.com

Goodbye Intel - new CEO Lip Bu Tan will lay off half the workforce to save the company from possible bankruptcy

One of the biggest signs of what’s ahead for Intel isn’t just who Tan is, but who he disagreed wi...