Startups in the mother and baby care sector experienced an 80% drop in funding from $2.1bn in 2021 to $418m in 2022, while US firms raised a combined $5bn and China and India secured $2.8bn and $1.4bn, respectively. Seed-stage and early-stage funding saw a rise in Q1 2023, but late-stage investment was absent. , Industry News, Times Now
Saudi Aramco has reportedly delayed the initial public offering (IPO) of its energy-trading unit, Aramco Trading Company (ATC), due to challenging market conditions. ATC, which serves as the trading arm of Saudi Aramco, was expected to be listed on the Riyadh stock exchange with a valuation exceeding $30bn in late 2022 or early 2023. Reports indicate the company has not yet set a new timeline for the IPO, indicating a possible delay until 2024 if market conditions do not improve. Aramco Trading offers energy solutions globally and integrates downstream assets, expanding its operations over time, including the trading of crude oil and LNG., Companies News, Times Now