SenseTime's first attempt at listing was shelved last Monday after the company was placed on a US investment blacklist. The startup plans to sell 1.5 billion shares in the IPO, with the final price due to be set on Thursday
Meesho is building a live streaming platform for influencers in the hope that it will boost sales and give it another revenue stream. Meanwhile, Razorpay has seen its valuation grow by seven times in just over a year.
More than 50% of the planned expansion for next year is already pre-committed, WeWork India CEO Karan Virwani said, adding that the company has turned profitable due to “solid demand over the last year”.
FRND—an audio-focused dating app—will use the funding to expand its services beyond 10 Indian languages. For Krafton, FRND is its fourth Indian investment after Nodwin Gaming, Loco and Pratilipi.
Razorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due to a pandemic-induced surge in demand for its payments gateway platform and neobanking vertical RazorpayX.