Watershed For Unicorns In India As China Tech Crackdown Spooks Investors
Watershed For Unicorns In India As China Tech Crackdown Spooks Investors
Food-delivery app Zomato Ltd. became the nation's first unicorn to make its stock-market debut, raising $1.3 billion with backing from Morgan Stanley, Tiger Global and Fidelity Investments.
Food-delivery app Zomato Ltd. became the nation's first unicorn to make its stock-market debut.
Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world's second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.