Zomato is finally going public! Its IPO size will reach 1.1 billion US dollars

The Indian food technology giant Zomato, headquartered in Gurgaon, has submitted a draft prospectus (DRHP) to the market regulator, the Securities and Exchange Board of India, for its initial public offering. According to the prospectus, the size of the IPO is expected to be 82.5 billion rupees (approximately 1.1 billion U.S. dollars), and Zomato plans to raise 1 billion U.S. dollars in new funds. In addition, the company may also consider pre-IPO financing to raise 15 billion rupees (about 200 million US dollars) in funding. At present, Zomato has confirmed that Kotak Mahindra Bank, Morgan Stanley, Citi Bank, Credit Suisse…

Indian startups and venture capital join hands to solve resource constraints during the pandemic

With the worsening of COVID-19 in India, the startup community is making its own efforts to alleviate the current situation. At present, the biggest problem facing India’s medical infrastructure is the inability to provide oxygen cylinders to patients in time, and the lack of hospital reception capacity. However, the founders of some start-up companies have already started to organize groups to gather resources, donations and necessities. Some start-up companies such as Mission Oxygen, ACT Grants, delivery, Razorpay, etc. are all actively participating, hoping to alleviate this situation. On April 23, India had 346,000 new cases for the third consecutive day,…

The duration of global crude oil price shocks may further extend due to situations in India

India’s control of the pandemic seems to be unsatisfactory. According to the latest data released by the Indian Ministry of Health, as of 8:00 on April 24, local time, in the past 24 hours, India has newly confirmed 346,786 new cases of COVID-19. A total of 16,610481 cases have been diagnosed. Data shows that this is the third consecutive day that the number of new confirmed cases in a single day in India has exceeded 300,000. It also refreshed the highest number of new cases in a single day since the outbreak in India and the highest number of new…

Apple’s total quarterly revenue soared 54% year-on-year, revenue in Greater China increased by more than 87%

The technology giant Apple released its 2021 fiscal second quarter report after the US stock market on Wednesday, April 28. In the report, it is mentioned that Apple’s quarterly revenue soared 54% year-on-year to the highest in the same period in history, earnings per share doubled, service and Mac revenue both reached new highs, customized M1 self-developed chips made great contributions, revenue in Greater China continued to rebound sharply, and sales in the Asia-Pacific region nearly doubled. The company also authorized 90 billion US dollars of stock repurchase. All the above exhilarating news resulted in a total recovery of all…

Experts: China’s housing prices could usher in an overall decline starting this May

The May Day holiday will be coming in a few days in China. Many experts predict that people will travel in a “retaliatory” manner during the May Day holiday this year. For such an opportunity, home developers will certainly not miss it. For example, some time ago, many developers used the Qingming Holiday to make a promotion and achieved good results. For the May Day holiday with more travelers, home developers must have already prepared the sales plan for the May Day holiday in advance. So will Chinese developers increase or reduce their home listing prices during the May Day…

South Korea announced that it will import an additional 15 million eggs to stabilize market supply

Since November last year, a number of highly pathogenic avian influenza outbreaks have occurred in Korean poultry farms, causing the price of eggs to continue to rise. Yesterday, South Korea’s Ministry of Planning and Finance decided to import an additional 15 million eggs this month to stabilize market supply. Eggs are undoubtedly one of the most commonly bought ingredients, but the high egg prices have made many Korean consumers frown. A box of 30 eggs is priced at 6,900 won (about 6.19 USD). Although compared with the price peak in mid-February (approximately 6.62 USD) the price has gone down a…