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Wednesday

4 stories you need to know from India's startup ecosystem.

4Stories
3Min Read
01
Markets & IPO 4 min read

AceVector's IPO Closed 5.07 Times Subscribed, A Day After Moneyview Closed At 102

Two issues closed a day apart and the gap between them is the thing worth explaining. Moneyview drew ₹77,843 crore of bids for a ₹1,092 crore issue and closed 101.87 times subscribed. AceVector drew enough for 5.07 times…

02
SaaS & Tech 4 min read

AMD Is Buying World Labs For $8.2 Billion, Seven Months After Valuing It At $5 Billion

The timeline is the part worth sitting with. World Labs closed a Series B at a $5 billion valuation in February. AMD took part in that round. Seven months later AMD is buying the whole company at $8.2 billion, a premium …

03
Policy 4 min read

IRDAI's Public Insurance Registry Consultation Closes Today

The registry has attracted a fraction of the attention given to IRDAI's distribution paper, and it is arguably the more structural of the two. The distribution consultation caps commissions. It is painful, it is quantifi…

04
Funding 7 min read

Arivihan Raises $10M for Teaching Without Teachers, Priced at Thirty Times Revenue

Indian coaching has a supply problem that money cannot fix, and it is the reason this company exists. There are not enough good teachers, and the ones who exist concentrate where the money is. A strong physics teacher in…

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