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ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival


ETtech Morning Dispatch on Feb 24, 2021: Grofers is getting SPACed, Amazon readies NPCI rival
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Good morning,
It seems SPACs are everywhere these days. Grofers, the online grocery startup, is looking at going public in the US by merging with a blank-check company aka a SPAC floated by Cantor Fitzgerald, an investment bank and financial services company headquartered in New York. In other news, NPCI and by extension, UPI could soon see competition from the likes of
Amazon and Visa.
India’s
Hi, it’s Samidha.
An Indian founder told me recently that his company was “SPACable” yes, that’s an adjective now! It basically means that the startup is ready to take a plunge into SPACland. ....

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