The backdoor listing on Nasdaq marks the high point for Singapore’s Grab that began as a ride-hailing app and now operates across 465 cities in eight countries, offering food deliveries, payments, insurance and investment products.
The partnership allows access to Uber’s mobility services by sending a message to a WhatsApp chatbot, serving Lucknow to start and expanding to more locations in the near future.
While Invesco will pour in $200 million, other existing investors such as Softbank will also participate. The deal values Swiggy, formally known as Bundl Technologies Pvt., at about $10.5 billion.
Trump Media, which has yet to roll out the TRUTH Social app, says it already stands to receive $293 million if its deal to list in New York through a merger with SPAC Digital World is completed.
Square says its name had become synonymous with it's seller business. The new name would distinguish the corporate entity from its businesses, a strategy similar to Facebook’s rebranding to Meta Platforms last month.
Binny Bansal, who cofounded Flipkart along with Sachin Bansal, has scooped up a good sum by selling a part of his stake in the company. The remaining stock can result in further wealth creation at the time of Flipkart IPO.
The Uber salary package offered at IITs this year amounts to about $274,250, or about Rs 2.05 crore, including around $128,250 (approx. Rs 96 lakh) base pay, target cash bonus, new hire grant and a sign-on bonus.