Mumbai: Zomato , the food-delivery app poised to be the first among a growing tribe of Indian tech startups eyeing a listing this year, is expected to raise $750 million to $1 billion through its initial public offering (IPO), said two people familiar with the development. But unlike traditional IPOs, no investor is likely to exit or take money off the table by selling their shares. Deepinder Goyal, co-founder and chief executive officer of Zomato, told employees this week that the IPO will most probably be a 100% primary offering, keeping in mind the long-term upshot that the investors expect from the stock. This means the company will end up raising more capital, rather than shareholders offloading stock in the open market, Goyal said. "No existing shareholder is willing to sell any shares in our IPO… People think that Zomato will be a $50 billion company in five years (I hope) and it will be unwise to sell shares right now,” Goyal said at a recent town hall. ET has ... » Learn More about Zomato on course for $1 billion IPO without investor exits
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While we all know that being optimistic and upbeat is something we should focus on, there are times when anxiety and stress will surround us. Whether you are a student, a working professional, a homestay wife/husband, a parent, or a recovering individual, stress does come around for everyone. And if you think stress doesn’t affect your physical health, you might have to look again. Actually, if you are stressed too much, it can trim your immune system, reduce your memory, hamper your decision-making, and can even harm your cardiovascular system. This makes the stress relief products such a hit in the market. Especially when the entire world has gone through so much in 2020, getting stress-relieving products might be a great idea to deal with challenging times. These stress-relieving products include healthcare, home, beauty, electronics, and similar stress relief items that can make your life better and give you a serene ambiance and a relaxing mindset. So, we have come up with the ... » Learn More about 25 Stress Relief Products You Can Buy To Make Your Life Calmer
Amid massive hype, the lyrical video of ‘ Sathyameva Jayathe ’ from Vakeel Saab has been unveiled to a phenomenal response from netizens. In the 3-minute clip, the screenshots showcase Pawan Kalyan as a do-gooding lawyer who fights on behalf of the innocent, unprivileged and weaker sections of society. Brilliantly crooned by Shankar Mahadevan and Prudhvi Chandhra, the peppy, foot-tapping song is composed by SS Thaman with lyrics penned by Ramajogaiah Sastry. This solo number of Pawan will certainly give goosebumps to the listeners. The official remake of Bollywood film ‘Pink’, Vakeel Saab is directed by Venu Sriram of ‘MCA’ fame and jointly bankrolled by Dil Raju and Boney Kapoor. While Nivetha Thomas is stepping into the shoes of Taapsee Pannu, Anjali and Ananya Nagalla are reprising the roles of Kirti Kulhari and Andrea Tariang from the original Hindi film. Shruti Haasan is reprising the role of Vidya Balan from the Tamil remake of Pink titled ‘Nerkonda Paarvai’. ... » Learn More about ‘Sathyameva Jayathe’ from Pawan Kalyan’s Vakeel Saab: Goosebumps guaranteed!