At the current pace, 2021 will exceed the country's all-time record of $11.8 billion, with all involved racing to cash in on fervent demand for fresh public offerings.
The Zomato IPO opened peoples eyes to India and the pathways to listings by privately funded, homegrown unicorns—from Paytm to Byjus and Flipkart to Oyo.
Will Section 66A finally be laid to rest?
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Last Monday, the
Supreme Court of India said it was “shocked” that police across the country continue to charge people under
Section 66A of the Information Technology Act, a law it struck down as unconstitutional in March 2015. “You file a counter as it is a shocking state of affairs,” Justice Rohinton Fali Nariman told Attorney General KK Venogopal, who sought two weeks to reply.
Will 2021 be the year that Indians are finally freed from the clutches of this atrocious “zombie law”?
Zomato may advance IPO
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Zomato, which was earlier expected to launch its initial public offer on July 19, may now do so five days sooner. Find out why the food delivery company is in a tearing hurry to go public.
Also in this letter:
India s SaaS sector could hit $1 trillion by 2030
PayPal Ventures leads $41 million funding in Shiprocket
Zomato could bring forward IPO to July 14
Why? The company and its bankers want the launch to happen as quickly as possible, amid scepticism over the continuing strength of the recent market rally.
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