lystn

Indian Fintech giant Paytm is planning to raise 3 billion dollars in an Initial Public Offering by November in 2021. This will be India’s biggest IPO. The company is also targeting a valuation of 25-30 billion dollars.India’s first privately developed hall effect thruster, an electric propulsion engine for micro satellites weighing around 50-500 kgs, has been successfully tested by Bengaluru headquartered Space technology startup The thruster will be ready for commercial use by the end of 2021.Tata group’s purchase of a majority stake in online grocery delivery service Bigbasket has been approved by BigBasket’s board, valuing the company around 2 billion dollars. Tata group has purchased a stake of 64% in the egrocer and Bigbasket has received a primary capital of 200 million dollars.Amazon founder and CEO Jeff Bezos will officially step down from the post of Chief Executive Officer on July 5. After Bezos, Andy Jassy will take up the post as the Amazon’s CEO.Netherlands headquartered home furnishing retailer IKEA has launched it’s shopping app in India. The app is available in both iOS and Android. Customers from Mumbai, Pune, Hyderabad, Ahmedabad, Surat and Baroda will be able to buy products using the app.Agritech Platform FarMart has raised 2.4 million dollars in a funding round led by Omidyar Network India. The round also saw participation from Indian Angel Network and LetsVenture. Mumbai headquartered online Medical platform Pharmeasy is planning to raise 400-500 million dollars in an Initial Public Offering at a valuation of 3 billion dollars. The share sale proposal will include both primary as well as secondary share components.Dream Sport is planning to build and scale up multiple sports technology businesses through its investment arm set up last year. It is looking to back both in-house and external platforms.Consumer and capital goods manufacturer Zetwerk will manufacture satellites, composite products and rocket casings for the Indian defence sector. Zetwerk has set up a fully owned subsidiary to manufacture critical products for the aerospace and defence sector.ZebPay, an Ahmedabad based crypto exchange platform has launched the ZebPay Lending Platform. This platform will allow investors on its exchange to invest their crypto assets in fixed deposits.#Paytm #PaytmIPO #PaytmListing #IPO #PaytmValuation #Fintech #BellatrixAerospace #HallEffectThruster #SmallSatellites #Satellites #TataSons #BigBasket #TataGroup #OnlineGrocery #Amazon #JeffBezos #AmazonCEO #IKEA #ikeaapp #Onlineshopping #FarMart #AngelNetwork #LetsVenture #OmidyarNetworkIndia #PharmEasy #PharmeasyIPO #OnlinePharmacy #DreamSports #Dream11 #zetwerk #aerospace #Defence #ZebPay #crypto #cryptocurrency #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia