Veloce hopes VEXT will grow audience engagement for its real and virtual motorsports activities after its launch as a tradable asset on the Bybit cryptocurrency exchange.
The stake sale on Wednesday comes just days after another foreign institutional investor, Tiger Global Management, offloaded its entire shareholding of 1.44 percent in Zomato on August 28
Perhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passage of the Digital Personal Data Protection Bill, 2023 earlier this week. While the law will impact every entity in this country that deals in the personal data of Indian citizens, tech companies and consumer facing startups are perhaps going to be impacted the most.
SoftBank s Vision Fund swung to a profit after six straight quarters of losses and said it will begin investing after a prolonged period of inactivity even as the Japanese group logged $3 billion in net loss.
Byju s quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an additional $50-60 million to service the increased interest rate it has offered to conclude the revised terms for the deal. This and more in todays ETtech Morning Dispatch.