E-commerce startup FirstCry is seeking to raise $218 million through issue of fresh shares in its initial public offering, the 13-year-old startup said in a draft prospectus filed with the market regulator Thursday, becoming the latest Indian startup to explore the public markets. FirstCry earlier sought to raise as much as $700 million in its … Read more
Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus to powering new “metaverse” experiences. … Read more
Two senior executives at Oyo have left the budget-hospitality startup, mere months earlier than the corporate plans to record. Ankit Gupta, who joined the unicorn startup in 2019 and served as its India chief government, and Mandar Vaidya, who led the startup’s European enterprise, have left the agency. In an announcement, an Oyo spokesperson mentioned … Read more
Herman Narula, co-founder and CEO at Inconceivable, speaks throughout a session on the Net Summit in Lisbon. Henrique Casinhas | Sopa Pictures | Lightrocket | Getty Pictures Inconceivable, a SoftBank-backed startup growing enormous digital worlds, on Friday launched its plans for a community of metaverses that it hopes will someday be able to internet hosting … Read more