IT | inves4: Indian Equity Investing

Analysts say $35 billion AI startup’s UiPath’s pending IPO will be a monster hit if it can help companies automate post-COVID-19

The company, which automates mundane office tasks with robotic software, filed Securities Exchange Commission paperwork on Friday to sell stock on the New York Stock Exchange under the ticker symbol PATH. More than three-dozen investors – including Accel Partners, CapitalG (formerly Google Capital), Sequoia Capital, and Kleiner Perkins – have put nearly $2 billion into … Read more

Tata Mistry Case: Supreme Court upholds Tata Sons’ decision to sack Cyrus Mistry as chairman | India Business News

The Supreme Court on Friday upheld Tata Sons’ decision to sack Cyrus Mistry as chairman of the salt-to-software conglomerate. The court pronounced its judgment on the cross appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal (NCLAT) order which had restored Mistry as the executive chairman of the over … Read more

Gautam Adani: From a commodities trader to India’s second-wealthiest person, the incredible journey of Gautam Adani

After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, … Read more

Instagram, Facebook, and LinkedIn share over 50% user data

The observations highlight the growing problem of lack of online privacy as companies share their users’ data with third party firms without their knowledge. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) A cybersecurity firm studied applications on Apple’s app store to … Read more

Investors explain how Okta’s $6.5 billion acquisition of Auth0 turned Bessemer’s $95 million investment into a $1.3 billion stake

Former Bessemer investor Sunil Nagaraj was in the middle of making a presentation when he started receiving a flood of messages. “I finished my presentation, glanced at my email, and I saw a bunch of congrats emails. My heart skipped a beat – I said, ‘Oh my God, what happened?” Nagaraj told Insider. “I looked … Read more

EXCLUSIVE: Softbank has offered shopping rewards app Fetch a $1.5 billion valuation deal

Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That led to an $80 million fundraising haul last November, led by Iconiq Growth. Now, the company is in talks for another round that could more than double its old valuation. Visit the Business section of Insider for more stories. When Wes Schroll went … Read more

Infra.market joins unicorn club with funding from Tiger Global, others

Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more

David Dobrik’s new Dispo app has become so popular that VCs just invested $20 million at a $200 million valuation

David Dobrik’s hot new app Dispo just hit a $200 million valuation with a Series A funding round. The app, which launched its beta version earlier this month, raised $20 million. Dispo recreates the experience of disposable cameras, requiring users to wait for their photos. Visit the Business section of Insider for more stories. The … Read more