Startup news and updates: daily roundup (Aug 31, 2021) – YourStory


Ola looking to raise up to $1.5B via IPO: Sources

Ride-hailing major Ola is looking at raising $1-1.5 billion (Rs 7,324-10,985 crore) via an initial public offering (IPO) and is expected to file the DRHP (Draft Red Herring Prospectus) in the December quarter, according to sources.

Ola is working with select banks, including Citigroup Inc and Kotak Mahindra Bank Ltd, to manage the public offering, two people close to the development said.

Studio Sirah raises $830K seed investment led by Lumikai (Funding)

Studio Sirah, a Bengaluru-based studio that makes mid-core India-first games, has raised seed investment of $830,000 led by Lumikai.

The round also saw participation from a group of strategic angels, including Akshat Rathee (Founder, Nodwin Games), Alexis Bonte (COO, Stillfront Games), Piyush Shah (Co-founder, Inmobi), Roshni Rathi (Partner, BCG), and Sameer Pitalwalla (Director, Epic Games). 

Future-Reliance deal: Amazon urges Sebi to direct exchanges to withdraw observation letters

US ecommerce giant Amazon has written to Sebi requesting the market regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed Rs 24,713-crore Future-Reliance deal.

The company has also urged Sebi to take necessary action to comply with the recent Supreme Court judgment related to the deal.

Tech investor Prosus NV buys payments startup Billdesk for $4.7B to bolster PayU business

Dutch tech investor Prosus NV on Tuesday said it has agreed to acquire Indian digital payments provider BillDesk for $4.7 billion in a bid to bolster its PayU business in India.

The acquisition will help Prosus’ PayU become one of the leading online payment providers, globally, and meet the changing payment needs of digital consumers, merchants, and government enterprises in India, it said in a press release.

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