4 min
Apple ends the iPod; Google I/O starts today; Delhivery’s IPO subscription opens today; Lightspeed, Moore join Razorpay One Thing Today in Tech
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- Technology
Apple is ending the iPod Touch, the last of the company’s series of music devices — including the iPod nano and the Shuffle — that changed how people listen to music forever. Google’s annual developer conference starts today. Delhivery gets strong interest from anchor investors ahead of IPO subscription. And Razorpay offers staff an ESOP buyback while bringing on new investors.
Notes:
Apple is ending the iPod Touch, the last of the company’s series of music devices — including the iPod Nano and the Shuffle — that changed how people listen to music forever. The company announced yesterday in a press release that iPod Touch will remain on sale while stocks last.
Apple last updated the iPod in 2019.
Google’s annual developer conference, Google I/O, starts today and will run through tomorrow, with a wide variety of presentations on the latest at the search giant — including AI, updates to the Android operating system, and hardware as well.
This year, there are ongoing rumours about Google’s first wearable, the Pixel Watch, as well as a midrange counterpart to last year’s Pixel 6 smartphones. It’s possible we could also see a new pair of true wireless earbuds announced, according to The Verge.
Delhivery plans to open its initial public offering today, with a price band of between Rs. 462 and Rs. 487 per equity share of the face value of Rs. 1 each, the logistics startup said in a press release. The company raised Rs. 2,347 crore from allotments to 64 anchor investors yesterday, Economic Times reports.
Some of the foreign investors who participated in the anchor share allotment were Tiger Global, Steadview, Baillie Gifford, Amansa, GIC and Invesco HK, according to ET.
The IPO subscription closes on May 13. Bids can be made for a minimum of 30 equity shares and in multiples of 30 thereafter.
SoftBank may report a record loss for its quarter ended March 31, Bloomberg reports, citing Kirk Boodry, an analyst at Redex Research, who publishes on the investment research network SmartKarma. The Bloomberg report is behind a paywall, but it was also carried by Economic Times.
The world’s largest tech fund — and one of the biggest investors in India’s startup ecosystem — is estimated to have lost about $18.6 billion on its public portfolio alone during the March quarter.
The actual bottom line for the fiscal fourth quarter will hinge on how SoftBank marks the value of its vast number of privately-held holdings, including ByteDance, which operates the popular short video platform TikTok, and India’s Oyo Hotels, according to Bloomberg.
Razorpay, a payments and banking platform provider for businesses, has announced its fourth and largest ESOP sale under its Employee Stock Ownership Plan for its 650 existing and former employees as part of a $75 million transaction.
This is led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures, who will subsequently join the company’s cap table, Razorpay said in a press release on May 10.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
Apple is ending the iPod Touch, the last of the company’s series of music devices — including the iPod nano and the Shuffle — that changed how people listen to music forever. Google’s annual developer conference starts today. Delhivery gets strong interest from anchor investors ahead of IPO subscription. And Razorpay offers staff an ESOP buyback while bringing on new investors.
Notes:
Apple is ending the iPod Touch, the last of the company’s series of music devices — including the iPod Nano and the Shuffle — that changed how people listen to music forever. The company announced yesterday in a press release that iPod Touch will remain on sale while stocks last.
Apple last updated the iPod in 2019.
Google’s annual developer conference, Google I/O, starts today and will run through tomorrow, with a wide variety of presentations on the latest at the search giant — including AI, updates to the Android operating system, and hardware as well.
This year, there are ongoing rumours about Google’s first wearable, the Pixel Watch, as well as a midrange counterpart to last year’s Pixel 6 smartphones. It’s possible we could also see a new pair of true wireless earbuds announced, according to The Verge.
Delhivery plans to open its initial public offering today, with a price band of between Rs. 462 and Rs. 487 per equity share of the face value of Rs. 1 each, the logistics startup said in a press release. The company raised Rs. 2,347 crore from allotments to 64 anchor investors yesterday, Economic Times reports.
Some of the foreign investors who participated in the anchor share allotment were Tiger Global, Steadview, Baillie Gifford, Amansa, GIC and Invesco HK, according to ET.
The IPO subscription closes on May 13. Bids can be made for a minimum of 30 equity shares and in multiples of 30 thereafter.
SoftBank may report a record loss for its quarter ended March 31, Bloomberg reports, citing Kirk Boodry, an analyst at Redex Research, who publishes on the investment research network SmartKarma. The Bloomberg report is behind a paywall, but it was also carried by Economic Times.
The world’s largest tech fund — and one of the biggest investors in India’s startup ecosystem — is estimated to have lost about $18.6 billion on its public portfolio alone during the March quarter.
The actual bottom line for the fiscal fourth quarter will hinge on how SoftBank marks the value of its vast number of privately-held holdings, including ByteDance, which operates the popular short video platform TikTok, and India’s Oyo Hotels, according to Bloomberg.
Razorpay, a payments and banking platform provider for businesses, has announced its fourth and largest ESOP sale under its Employee Stock Ownership Plan for its 650 existing and former employees as part of a $75 million transaction.
This is led by Lightspeed Venture Partners along with participation from Moore Strategic Ventures, who will subsequently join the company’s cap table, Razorpay said in a press release on May 10.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
4 min