As part of the changes, the percentage of stock units awarded to Cook and tied to Apple’s performance will increase to 75% in 2023 from 50%, as well as in future years, the company said in a regulatory filing Thursday.
The company will use the funds to improve its delivery operations and factory, and to make inroads into tier II and tier III cities, co-founders Ankit Garg and Chaitanya Ramalingegowda told ET.
Officials aware of the details said the DoT will ask if spectrum can be given administratively or through auction. While the Cabinet had approved direct allocation to enterprises in June 2022, it had not spelled out the specifics around the methodology. "We will seek clarity from the law ministry.
For Goat, which is backed by Flipkart Ventures and Tiger Global, this is its largest deal since starting up in 2021. The company did not name the other four names in its prepared statement.
It's at least the third time since June that Stripe has cut its internal valuation, following a smaller cut in October, and brings the total reduction to about 40% in the past six months
In December, Google asked Judge Amit Mehta of the US District Court for the District of Columbia to throw out both the antitrust case that the Justice Department filed in 2020.
The fund, called Venom Ventures Fund (VVF), aims to invest in early-stage startups focused on payments, asset management, banking services and gaming on Web3, a much-hyped vision of a future internet built on blockchain.