Indian SpaceX rival EtherealX hits 5x valuation as it readies engine tests
EtherealX is ramping engine tests and building a 150-acre rocket campus in India as it targets a 2027 launch mission.
Prosus
Meesho’s $606M IPO pops as enthusiasm for India’s e-commerce startups rises
Meesho had a good first day as a public company, with its shares climbing as much as 46% from its issue price as investors jumped to grab a piece of the company built around small merchants and value-conscious consumers.
Accel backs Uber rival Rapido as Prosus boosts stake
TVS Motor booked a 152% return as it sold its Rapido stake to Accel and Prosus.
Uber-rival Rapido doubles valuation to $2.3B following Swiggy stake sale
Swiggy has offloaded its entire 12% stake in Rapido for about $270 million through two separate deals.