These notes, which will convert into equity at a later date, require no valuation to be ascribed to the startup currently. With desired valuations not coming their way, startups are resorting to these debt instruments to tide over the economic whiplash where cautious investors are demanding better unit economics and a path to profitability.
The planned strike will involve about 150 of Apple's 4,000 Australian employees who are represented by the Retail and Fast Food Workers Union (RAFFWU), restricting most customer services in at least three of the company's 22 stores in the country, the union said.
Managed tightly from headquarters in Mumbai or Bengaluru, Indian IT firms still have a strong labor-cost advantage when it comes to large-scale enterprise software. The locus of demand, however, is moving away from implementing technologies from SAP SE or Oracle Corp. at clients’ premises.
In October 2021, Infosys bought back over 5.58 crore equity shares as part of an about Rs 9,200-crore buyback offer.
Several funds have also been asked by the Securities & Exchange Board of India (Sebi) to confirm whether they have spelt out the resolution framework in the private placement memorandum.
The online shopper base in India, which was at 180-190 million in 2021, will also increase to about 400-450 million users by 2027 when the industry is estimated to be valued at over $150 billion
The new vehicle, Artha Select Fund (ASF), includes a Rs 120-crore green shoe option and has secured commitments of more than Rs 100 crore from existing limited partners, or sponsors, of Artha Venture Fund (AVF)