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E-commerce enabler Shiprocket is gearing up for an IPO, aiming to raise up to Rs 2,342 crore. The company, backed by investors like Temasek, plans to use the funds for platform growth, technology, and potential acquisitions. Shiprocket's platform assists Indian MSMEs and digital retailers with logistics, payments, and sales, operating an asset-light model.
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Bitcoin and major cryptocurrencies experienced a significant slump, dropping over 2% in 24 hours and extending monthly declines to over 10%. This downturn is linked to a broader sell-off in tech stocks amid weak US earnings and anticipation of a Bank of Japan rate hike. Despite short-term volatility, underlying institutional interest and network development offer long-term optimism.
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More than 100 volunteers gathered to wrap thousands of presents for children across the capital.
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