Tech3 | After Ola, Ather revs up for IPO; Ex-Swiggy employee embezzled crores; and more
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After Ola, Ather revs up for IPO
Ather Energy, the Bengaluru-based electric scooter manufacturer, is gearing up for a major IPO that could boost its valuation to $2.5 billion.?
Tell me more: The company has set an ambitious target of raising Rs 4,500 crore through the public offering.?
This move comes on the heels of a recent $71 million funding round that catapulted Ather into the unicorn club.
A funding spree: Ather has been on a roll, attracting investments from prominent investors like NIIF, Hero MotoCorp, and Stride Ventures.?
Ather vs Ola Electric showdown: As Ather prepares to file its IPO papers with SEBI, it will be interesting to see how its offering compares to the recent successful debut of Ola Electric.?
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2 个月In the current situation I think it is a profitable company who can sustain for a long time after IPO it's hard to manage things because now everyone is seeing company performance and in the long run it's impacting investors'mindset.