The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations, marking the end of an era for one of Sweden’s most successful consumer technology companies. Alan Mamedi and Nami Zarringhalam (pictured above), who co-founded Truecaller in 2009, will hand over control in January to Rishit Jhunjhunwala, the company’s product chief and […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Swiggy has raised around $606 million from a set of more than 75 anchor investors as part of its $1.35 billion initial public offering, as the Indian food delivery and quick commerce startup prepares for the country’s second-largest listing of the year next week. The Bengaluru-based startup, which is seeking an $11.3 billion valuation in […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO. […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6 […]

© 2024 TechCrunch. All rights reserved. For personal use only.