Startup culture now vibrant in India: PM🎙
MapmyIndia looks to raise Rs 1200-1300 Cr via IPO, Indian internet startups raised over $20 billion.
Every day, Rise n Shine arrives in your email with curated tech and business news snippets to get your day started.
Startup culture now vibrant in India: PM Modi during Mann Ki Baat🎙
Prime Minister Narendra Modi said Sunday the startup culture has become very vibrant in India, with youngsters in even smaller cities embracing it, and asserted that it is a sign of India's bright future.
In his monthly 'Mann ki Baat' radio broadcast, Modi added the space sector reforms in India have caught people's imagination and expressed confidence that a large number of satellites in the coming days will be those on which youngsters from universities, labs, and other sectors would have worked upon.
MapmyIndia looks to raise Rs 1200-1300 Cr via IPO📊
MapmyIndia, a digital mapping company whose data powers Apple Inc.’s Maps and Amazon.com Inc.’s Alexa in India, will file initial public offering documents as soon as Monday.
Mapmyindia is looking to raise Rs 1200-1300 crore through an initial public offering. The company is seeking a valuation of Rs 5500 crore.
Founded in 1992 by Rakesh and Rashmi Verma, MapmyIndia dominates the automotive market, providing services to automakers such as BMW, Tata Motors, Honda, and Toyota. It also works with companies like Ola, PhonePe, Yulu, Apple, and Amazon.
Chennai and San Mateo-based SaaS startup Freshworks announced that it has filed the initial documents for a $100-million IPO in the US.
Indian internet startups raised over $20 billion from global investors this year, shattering the previous record as they gained from a pandemic-led digital adoption, record stock market listings, and regulatory crackdowns in China.
Read Here: NFTs explained
Tweet of the day🐥
Tokyo 2020 Paralympic Games
🥈 Bhavinaben Patel became only the second Indian woman to win a Paralympic medal on Sunday. She won a silver medal in the women’s singles table tennis class 4 final in Tokyo.
🥈 Nishad Kumar, a high jumper, won a silver medal. The 21-year-old Nishad cleared 2.06m to win silver in the T47 class.
🥉 Vinod Kumar, a discus thrower, won a bronze medal, but it was put on hold after a protest over his disability classification. Vinod, a 41-year-old BSF athlete, won bronze with a best throw of 19.91m.
"Wheresoever you go, go with all your Heart."
Thanks for reading 😊
Hit 💜, if you enjoyed the article.