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Equity Shot: All about the Reddit IPO!

Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Weekend team, we have something both short and sweet for you: A dig into the Reddit IPO filing that came out just after we recorded our final, regular episode of the week. Since we could not wait until Monday to talk about the numbers, we have an overview here for your delectation. If you want to read along: The Reddit IPO could be this…

New study identifies 13 strategies for advancing racial and ethnic equity in the academic health sciences

Credit: CC0 Public Domain Amid continued debate over how to advance diversity and equity in higher education following the Supreme Court's decision striking down affirmative action, researchers from Massachusetts General Hospital and Northeastern University have issued a "roadmap" of strategies to help academic health institutions maintain their commitments to racial and ethnic diversity among their students, staff, and faculty…

Evernote and Meetup owner Bending Spoons raises $155M in equity financing

Bending Spoons, the owner of popular apps and services like Evernote and Meetup, announced today that it has raised $155 million in a new equity financing round at a $2.55 billion post-money valuation. Durable Capital Partners led the round with existing investors, such as Baillie Gifford, Cox Enterprises, NB Renaissance, NUO Capital, and StarTIP (controlled by Tamburi Investment Partners) also participating. The company said that it will use the new cash infusion to acquire more brands. Bending…

softbank: SoftBank sees new-found caution as secret weapon in AI arms race

For years, SoftBank Group splashed out billions on startups at near-peak valuations without batting an eye. Now founder Masayoshi Son's tech powerhouse is relying on a new weapon as it searches for the next big thing in AI: caution.The strategy marks a vast turnaround for a company that completely transformed the world of tech investing with its high-conviction bets on startups at an unheard of scale.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

Climate-focussed NBFC Ecofy secures Rs 90 crore in equity funding from Dutch bank FMO

Green energy-focused non-banking finance company Ecofy has raised Rs 90 crore in an equity round from Dutch entrepreneurial development bank FMO.With this infusion, Ecofy plans to grow its loan book, diversify its product base and eventually improve its own credit rating, the company said in a release on Wednesday. An improved credit rating helps lenders access debt at cheaper rates.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking…

Govt allows direct listing of Indian cos on international exchanges of GIFT IFSC

The government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost foreign investments. The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt Instruments) Rules and notified the 'Direct Listing of Equity Shares of Companies Incorporated in India on International Exchanges Scheme'. Also, the Ministry of Corporate Affairs (MCA) has issued Companies (Listing of Equity Shares in Permissible…

Paytm: Paytm expects F&O and equity trading to be big part of financial services revenue in 12-18 months

Paytm’s parent company One97 Communications expects wealth management through futures and options (F&O) and equity trading to become a big part of financial services distribution revenue in the next 12-18 months, its president and chief operating officer Bhavesh Gupta told analysts on Saturday.He said with Paytm now focusing on high-ticket loans, the loss in revenue from curtailing small-ticket Postpaid loans on the platform will be offset in the next two quarters.Elevate Your Tech Prowess with High-Value Skill…

Private equity could be the last resort for startups struggling to exit

After watching Lucy pull the football from Charlie Brown’s foot at the last possible moment time and time again, we have learned our lesson and are therefore hesitant to believe that 2024 will be the year of the IPO market’s return. It may or may not happen, but we’re not betting on it. Alternative sources of liquidity are therefore top of mind — there’s a towering pile of private companies in need of an exit, or a bailout. Recent research from Cowboy Ventures’ Aileen Lee underscores how quickly illiquid wealth was…

Anonymization for equity and diversity in Australian research

Credit: (2023). DOI: 10.31219/osf.io/jyq2f A multi-year study, published as a preprint article led by the office of Australia's Women in STEM Ambassador investigated the impact of anonymization (removing identifying names and other information) on applications for access to research facilities in Australia. The results provide crucial insights that have the potential to reshape the landscape of equity and diversity in the…

CureBay: CureBay raises Rs 62 crore in funding round led by Elevar Equity

Odisha-based healthcare startup CureBay has raised around Rs 62 crore in a funding round led by existing investor Elevar Equity.The funding round also saw participation from CureBay founders and some of the leadership team members. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Digital TransformationVisitThe company said the funds will help it in