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SOURCE / COMPANIES By Global Times Published: Feb 22, 2021 06:13 PM People shop at an Apple store in North China's Shanxi Province on October 23 after iPhone 12 was newly launched. Photo: cnsphoto Shenzhen-based Luxshare Precision Industry, the electronic connector manufacturer that supplies Apple, said Monday the firm has set up subsidiaries in overseas markets including India and Vietnam as part of its strategic planning. The electronics maker made such comment on the interaction platform with investors in response to the latter's question that if the firm has any planning to tackle wi...

We'll soon meet in your inbox. Please wait... The transaction would double the company’s valuation in less than 24 months. SoftBank Vision Fund had picked up a 40% stake in the company in 2019, valuing it at about $1.1 billion. FirstCry received $400 million in fresh equity from the Masayoshi Son-led fund as part of a Series E funding round. The final quantum or number of new investors is expected to get finalised soon, as is the stake dilution which is expected to be less than 10%. According to the people cited above, the company aims to go public in 24-36 months and wants to realign its c...

Indian platforms campaign to deter Centre’s expected ban on cryptocurrencies Premium 2 min read Share Via Read Full Story NEW DELHI: Domestic cryptocurrency platforms are coming together to launch a new campaign meant to deter the Indian government from banning private cryptocurrencies in the country. The companies have launched a platform called Indiawantsbitcoin.org, which allows anyone to send an email to their respective Members of Parliament (MP), showing support for cryptocurrencies. The platform contains a ready to send draft email, requiring users to simply select their state and di...

PE-VC investments in cybersecurity firms plunged to 6-year low in 2020 January 27, 2021 ‘Investors focused on companies with ability to break even’ The country went on a nationwide lockdown last year and many companies shifted to work-from-home practices. But this scenario made it easier for cyber criminals to attack networks with targeted malware and resulted in an increase in cyber-attacks across India, forcing organisations to strengthen their security frameworks. However, contrary to expectations, private equity and venture capital investments in cybersecurity companies last year in I...

Does India have a startup valuation bubble? Many companies across sectors are being overvalued, valued on shaky metrics, and venture capitalists are more bullish than ever. But, is there a reason to it- method behind the madness, or does India have a startup valuation bubble? January 20, 2021 / 12:41 PM IST In October 2020, a set of investors were jostling to invest in a fintech startup. The startup did not need the money. It did not even start spending the $60 million it had raised six months prior. It does not burn cash. Also, it had no plans to raise for at least a year more.. It was a...