ipo bound startup

Antrophic says its newest model found vulnerabilities in every major operating system and browser—and wrote exploits for them without human help. It also escaped its own sandbox and emailed a researcher about it. The cybersecurity world is torn between genuine alarm and the suspicion that this is the most expensive press release ever written.

The company turning 50 on April 1 isn't really one company. It's five—stitched together by a logo, a stubbornness about design, and the world's most expensive refusal to die.

After a tepid few years of Indian startups stalling public listing plans amid a global tech slowdown and choppy markets, new age firms are now set to make a comeback in the public markets. About 15-20 startup unicorns are expected to launch initial public offerings (IPOs) in the next 12-24 months, senior officials at Kotak Investment Banking said. In fact, companies like Ola Electric, FirstCry and MobiKwik have already filed draft IPO papers with Sebi and will be among the first of the lot to get listed on the bourses this year.

The government has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations, unsettling bankers and companies which fear delays in listing plans, sources with direct knowledge told Reuters.

Big names like Razorpay, Udaan, Pine Labs, Meesho and Zepto are 'reverse flipping', driven by the promise of better IPO prospects, streamlined compliance, and India’s booming economy

Chinese technology giant Tencent has acquired a stake worth $264 million in Walmart-backed Flipkart from its former co-founder Binny Bansal. Post the transaction that was completed in October last year, Tencent holds 0.7% stake in Singapore-incorporated Flipkart. Bansal now holds 1.8% in the company.

Promoters of IPO-bound Go Digit General Insurance, the Prem Watsa-led Fairfax Group and Kamesh Goyal, have filed an application with regulator Irdai for setting up a life insurance company. The last company to have received a licence for life insurance was Edelweiss in 2011.

Indian fintech firm MobiKwik has reported a second consecutive profitable quarter, posting net profits of INR 5 crore ($670,000) in Q2FY24, while revenues increased by 52% year-on-year to INR 208 crore. The company's CEO, Bipin Preet Singh, said they expect profit margins to continue increasing as a percentage of revenue and are focused on digital banking.

New Delhi, May 5 () As market regulator Sebi looks into benefits and pitfalls of shares with differential voting rights, several experts and industry participants have flagged possible threats to the interest of minority shareholders and overall corporate governance due to certain persons getting