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City firm raises $1.3 million - The Hindu

City firm raises $1.3 million - The Hindu
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Fintech firms face IPO challenges


Fintech firms face IPO challenges
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Three Indian fintech firms have IPOs coming up soon, but face unique challenges related to their revenue models, foreign ownership, and increased scrutiny from regulators. Will they be able to replicate Zomato’s success?
Also in this letter:
MyGlamm bag Rs 355 crore
Zomato’s IPO success will inspire many
Paytm, Mobikwik, Policybazaar look to raise Rs 28,000 crore
At least three fintech startups are set to launch initial public offerings (IPOs) in the next five months. Paytm, Mobikwik, Policybazaar are likely to raise up to Rs 28,000 crore ($3.7 billion) from the offerings. ....

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Easy Eat AI raises $5M to help Southeast Asian restaurants digitize their operations – TechCrunch


Easy Eat AI raises $5M to help Southeast Asian restaurants digitize their operations
Easy Eat AI, a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Easy Eat AI offers an operating system for restaurants that lets them digitize all parts of their business, from inventory and customer orders to delivery, and gain AI-based data analytics to improve revenue.
Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic. Though Easy Eat AI lets restaurants integrate with third-party food ordering apps, it also has its own delivery infrastructure, including on-demand riders, that costs just 4% per order, compared to the 20%-30% that many of the largest food delivery platforms charge. ....

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