EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
Groww has discreetly initiated its IPO journey under SEBI’s pre-filing method, signaling plans to go public. The fintech firm, last valued at $3B, is eyeing a $7–8B IPO valuation amid turbulent market conditions. Despite investor pullback across brokerages, Groww’s revenue surge and recent funding round position it as one of India’s most anticipated fintech listings.
Read more on: Moneycontrol
Intel is set to lay off over 20% of its workforce this week as part of a major shakeup under new CEO Lip-Bu Tan. The move aims to cut bureaucracy, refocus on engineering, and help the struggling chipmaker compete with Nvidia. Tan’s strategy includes restructuring, spinning off non-core assets, and revamping Intel’s product and manufacturing approach.
Read more on mint
Ather Energy, India’s electric two-wheeler startup, has cut its IPO size by 18% to ₹26.26 billion ($308M) citing market conditions. Targeting a $1.4B valuation, Ather plans to invest proceeds in a new Maharashtra plant, R&D, marketing, and debt repayment. The company saw strong 2024 sales growth and aims to strengthen its position against rivals like Ola Electric.
Read more on INC42
Discord, a chat app with over 200 million users, is in early talks for an IPO, per The New York Times. Valued at $14.7 billion in 2021, the company previously rejected a $10 billion Microsoft buyout. Popular in gaming, crypto, and AI communities, Discord remains tight-lipped about its plans.
Read more on TechCrunch
