ISRO's Aditya-L1 ๐ฐ๏ธ, Zomato hits 52-Week High ๐
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ISRO's Aditya-L1 ๐ฐ๏ธ, Zomato hits 52-Week High ๐
Foxconn's Bold Investment Plans, JSW Infrastructure's IPO, Funding Deals and Wishing You a Happy Ganesh Chaturthi!
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Tech Updates
๐ Aditya-L1 has begun collecting scientific data: ISRO ๐ฐ๏ธ
Aditya-L1, India's groundbreaking solar mission, is now actively collecting invaluable scientific data, according to the latest update from the Indian Space Research Organisation (ISRO). The sensors of the STEPS (Supra Thermal and Energetic Particle Spectrometer) instrument have commenced their mission, measuring supra-thermal and energetic ions and electrons at distances exceeding 50,000 km from our beloved Earth. ๐๐ฐ๏ธ
๐ Zomato Rockets to a 52-Week High, Nearing $10.7 Billion M-Cap!๐
Zomato, the renowned online food and grocery delivery platform, soared to a 52-week high on the BSE during Monday's trading session. This surge brings Zomato's market capitalization tantalizingly close to the impressive milestone of $10.7 billion. Over the past six months, Zomato's stock has been a rewarding investment, attracting attention from mutual fund houses and investors alike. ๐๐
๐ Foxconn plans to hike investment in India fivefold in three years: Govt official ๐ฎ๐ณ๐ผ
Foxconn, a prominent Taiwanese electronics contract manufacturer, currently boasting an $8 billion investment in India, has ambitious plans to expand its commitment to the country. According to a senior government official, Foxconn aims to increase its investment fivefold over the next three years. This strategic move will see Foxconn play a significant role in the unfolding "Apple story" in India, as the company has been actively pursuing aggressive investment strategies in the country. ๐ฑ
๐ JSW Infrastructure Prepares for โน2,800 Crore IPO ๐๏ธ
JSW Infrastructure Ltd, a leading port operator, has unveiled plans for an initial public offering (IPO) worth โน2,800 crore. This IPO marks a significant financial move for the JSW Group, being their first IPO in 13 years. The IPO, consisting entirely of new shares, will be open for subscription from September 25th, with shares priced in the range of โน113 to โน119 per share. ๐ญ
Funding Deals
A provider of contextual codeless AI (artificial intelligence) infrastructure startup Pixis (formerly ๏ปฟPyxis One๏ปฟ) has raised $85 million in its Series C1 funding round. The round was led by Touring Capital and brings the company's capital raised to $209 million. The new and existing investors who participated in the funding round include Grupo Carso, General Atlantic, Celesta Capital, and Chiratae Ventures.
Digital identity creator for frequent shoppers Flash has raised $6.7 million in a pre-Series A investment round led by Blume Ventures and existing investor PeerCapital.
Healthcare payments firm QubeHealth has topped up its pre-Series-A round with investments led by Inflection Pointย Ventures, Green Ivy Ventures and other Family Investment offices.
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