Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in the country’s streaming and television markets. The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming market and roughly half of television viewership […]

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Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy netted it gains of $2 billion.  PayU, which is wholly […]

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Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's second-largest IPO this year.

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SoftBank said the co-CEO of Vision Fund, Rajeev Misra, will soon step down from his leadership roles at the firm’s flagship technology investment vehicles, marking the departure of one of the Japanese group’s most prominent dealmakers. The company said on Tuesday that Misra, who helped steer the $100 billion Vision Fund through both its explosive […]

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Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark.  For its IPO, Swiggy has already secured $1.4 billion from institutional investors […]

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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 […]

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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 […]

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