Sun, Jan 3, 2021 9:10 AM
Startups from the north-eastern region in India will be worth watching
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Billionaire "bond king" Bill Gross told investors to avoid tech stocks and stick to value stocks. Microsoft is the only buy if investors must dabble in the tech sector, he said. Gross also questioned the rationale for owning bonds. Yields spiked Thursday after the GDP report. Bill Gross says investors should avoid tech stocks.
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Cargo container reuse platform MatchLog Solutions has raised $1.5 Mn in its pre-Series A funding round co-led by Motion Ventures and July Ventures. The round also saw participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Founded in 2019 by Dhruv Taneja, MatchLog operates a unified multimodal digital logistics platform that aims to optimise cargo and container movements.
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Kids-focussed omnichannel retailer Firstcry reportedly plans to withdraw its draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) and file new IPO papers later next week. Citing sources, Moneycontrol reported that the startup will now refile the DRHP with updated financial numbers and key performance indicators from the quarter ended December 2023.
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