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Ahead of IPO, Drone mker ideaForge raises Rs 255 cr from anchor investors

Ahead of IPO, Drone mker ideaForge raises Rs 255 cr from anchor investors
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China suffers as wearables brands make in India; Ideaforge IPO fully subscribed on day 1

Little by little, India is chipping away at the Great Wall. Last week, research firms raised their 2024 forecast for wearable device shipments from India on account of the exponential increase in demand and fall in average selling prices. Part of the reason companies can maintain a low price is because they are ramping up local assembly of products, a move that is costing China. This and more in todays ETtech Top 5.

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