Business

Space Tech Startups: For VCs, it’s More than a Jab on the Edge of Space

24Jul

By Linda AshokNo Comments

Business, Technology

Space Tech Startups: For VCs, it’s More than a Jab on the Edge of Space

Space tech startups lure global venture capitalists as Jeff Bezos and Richard Branson complete their edge of the space mission! Global space tech startups are now enjoying the new wave attracting more investments than ever. For venture capitalists, space tech startups are the next most lucrative sector after edtech. Collectively, the world didn't solve pressing climate challenges, but determined space tech as an urgent and timely goal before NASA issued a lockdown on space voyages suspecting extraterrestrial invasion. Space tech startup funding comprises venture funding for space travel, satellite manufacturing, aerospace technology, etc. This would mean that venture capitalists have a buffet of choices when space technology is a $200 billion market spanning startups manufacturing product...

4 Global Firms Withdraw IPO Filing from NASDAQ

20Jul

By Linda AshokNo Comments

Business

4 Global Firms Withdraw IPO Filing from NASDAQ

Based in Illkirch-Graffenstaden, France, Dynacure SA is a biotech company that develops therapies for neuromuscular diseases. The company declined from going public on July 17, 2021. The company had filed to raise $100 million by offering 6.3 million American depositary share ADSs (equity share of a non-U.S. company) at a price range of $15 to $17. CFO of Dynacure, David Garrett, filed a request with Sec.Gov to treat the withdrawal as confidential. Dynacure SA was founded in 2016, and since then, it has participated in funding raising in total $110 million. The last round took place in April 2020 for a total of $55 million. Company Name Shares Date Filed Offer Amount Date Withdrawn DYNACURE S.A. 6,250,000 6/25/2021 $122,187,500.00 7/19/2021 DoubleDown Interactive Co., Ltd. 5,500,00...

Zomato IPO, Paytm DRHP, Oyo, Ola, Debt Fund & More

18Jul

By Linda AshokNo Comments

Business

Zomato IPO, Paytm DRHP, Oyo, Ola, Debt Fund & More

While a solar storm wrapped up the earth, and cause massive power cuts in various parts of the world, Indian technology firms on the contrary settled for a watershed moment for the week closing now on July 18, 2021. From Zomato IPO launch to Paytm and Mobikwik filing their first draft to SEBI, followed by the new fund and co-founder for Swiggy, Ola Electric, Credit Fair, and Flipkart captured a great market share. Zomato IPO in Exceeding Bids Zomato's IPO launched between June 14-16 is India's largest cheer at the moment. It raised ₹2,751 crores compared to the issue size of 71.9 crore shares. With investments from 186 investors, Zomato raised an additional ₹4,197 crores on Tuesday, July 13. Zomato's public debut, as per media reports, got oversubscribed by 30-35 times than expected. Ne...

Micron Technology Got a Secret Money Making Recipe

15Jul

By Linda AshokNo Comments

Business

Micron Technology Got a Secret Money Making Recipe

Micron Technology (NASDAQ: MU) is a global memory and storage solutions provider influencing information into intelligence, thereby helping the world learn, communicate and advance better. An innovator in the DRAM business, Micron Technology drives breakthrough innovation with a vast portfolio of technologies with artificial intelligence and autonomous vehicles. Today, Micron Technology is earning millions from its cash deposits courtesy of its internal artificial intelligence framework. Micron Technology's robust artificial intelligence framework helps invest in funds generating higher returns in a low-interest-rate environment, which has troubled many finance experts across industries. But as the story unfolds, global treasurers have a clue to how Micron manages money. A little study re...

Indian Edtech Receives Philanthropic Boost from Malpani Ventures

12Jul

By Linda AshokNo Comments

Business

Indian Edtech Receives Philanthropic Boost from Malpani Ventures

According to Grand View Research, the global education technology market size was valued at USD 89.49 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 19.9% from 2021 to 2028. Talking of India, Indian edtech Byju's alone made a net profit of INR200 million in 2019 from a loss of INR280 million in 2018. Byju's success quantifies the global position of India in the edtech market, but what qualifies India's position in the education market are efforts in the fringe. Enters an Indian Angel Investor firm, Malpani Ventures, led by Dr. Aniruddha Malpani. Intelligent Edtech Investment Malpani Ventures is a sector-agnostic angel investment firm funding frugal innovation in India. "We want to partner with founding teams building great companies. We fund revenue-ma...

The Bull from Peru, AlphaBay, & the Dark Web Marketplace

11Jul

By Linda AshokNo Comments

Business, Cybersecurity

The Bull from Peru, AlphaBay, & the Dark Web Marketplace

The news is The U.S. Securities and Exchange Commission (SEC), and the U.S. Department of Justice (DOJ) have indicted 30-year-old Apostolos Trovias or The Bull from Peru for selling insider trading information on a dark web marketplace. Take a look at the allegation filed by the SEC if you are inclined. Use this PDF link to Sec.Gov detailing the whole story. On July 9, the Federal authorities alleged The Bull for securities fraud and money laundering that he actively engaged in since December 2016, when he registered a "Dark Web" internet site known as AlphaBay Market where he charged individuals $99.95 weekly or $299 monthly subscriptions to get access to inside information on stocks. The AlphaBay Marketplace In the list of infamous dark web marketplaces, AlphaBay "used to be" one ...

Software Design Startup Figma Draws a $10B Fortune

3Jul

By Linda AshokNo Comments

Business

Software Design Startup Figma Draws a $10B Fortune

Software design startup Figma is the new enigma in the design technology sector. Figma is a space-agnostic design platform for teams to collaborate on product design for the uninformed. The design software helps businesses create, test, and ship better designs faster. On a mission to make design accessible to all, Figma has some rich enterprise bonding with Airbnb, Spotify, Slack, Dropbox, New York Times, and Microsoft, helping them design success. As per Crunchbase, on Jun 24, 2021, the software design startup, Figma, raised its latest Series E investment of $200 million from nine investors, including Sequoia Capitals, Andreessen Horowitz, Index Ventures, Greylock, Founders Fund, etc. This latest round of funding drawn up by the software startup Figma raises its market valuation to $10 ...

As PharmEasy Acquires Thyrocare, Bear Hugs NSE 9.05%

28Jun

By Manaswini TripathyNo Comments

Business

As PharmEasy Acquires Thyrocare, Bear Hugs NSE 9.05%

Coinciding with Pride 2021, as PharmEasy acquires Thyrocare, we see how the Indian healthtech sector is estimated at a $2.7 billion market growth by 2023. As fortune favored the industry, we see Covid-19 has incredibly boosted the sector with a massive proliferation of online pharmacies. Regular medical shops that had plans to stay offline now popped up to deliver medicines at the doorstep in abidance with the law of social distancing. The pharmaceutical industry regained the spirit to dominate peers with the advent of the pandemic. The 20-Year-Old Thyrocare Thyrocare Technologies Limited was established on January 28th, 2000. The brand is one of India's most well-known diagnostic chains, offering a wide range of medical diagnostics and test profiles aimed at early detection and treatmen...

In the Indian Startup Scene, these 10 Startups Play it Slow & Steady

25Jun

By Manaswini TripathyNo Comments

Business

In the Indian Startup Scene, these 10 Startups Play it Slow & Steady

The Indian startup scene has witnessed tremendous growth in the last several years, accounting for 38 unicorns (companies valued at more than $1 billion) already. According to the Economic Survey 2020-21, the government has acknowledged 41,061 startups as of December 23, 2020. The government has taken several steps to help startups, including startup advocacy, standardization of regulations, offering income tax exemptions, and establishing a fund of Rs 10,000 crore by the Small Industries Development Bank of India (Sidbi). India offers many opportunities to test novel concepts at affordable prices due to low labor expenses and high skill levels. Here is our shortlist of the top ten startups across industries mobilizing global businesses in ways we hope they’ll be among the most sought-afte...

A Ransomware Tax Relief up to $16,28,000 for Colonial Pipeline?

22Jun

By Manaswini TripathyNo Comments

Business

A Ransomware Tax Relief up to $16,28,000 for Colonial Pipeline?

In 2020 and 2021, there has been a surge in ransomware attacks across the world in different working sectors. A complex mix of geopolitical and cybersecurity issues is driving this trend. Ransomware attacks have become exceedingly simple to carry out, and payment options have become even more enticing to cyber criminals. Meanwhile, as organizations become more reliant on digital infrastructure and more willing to pay ransoms, the motivation to break in is increasing. From 2021 to 2028, the global cybersecurity market is predicted to grow at a CAGR of 10.9 percent, from USD 167.13 billion in 2020. The growing presence of cyber-attacks is responsible for the market's rise. Over the last few years, the number and severity of cyber frauds and offenses have escalated, resulting in massive loss...