Fri, Oct 18, 2024 12:11 PM
Ola Electric Down 26% In 30 Days: What's Going On?
A Flip by Shubhangi Gupta
AI firm Simplismart has raised $7 million in Series A funding led by venture capital Accel. Shastra VC, Titan Capital and angels including Notion co-founder Akshay Kothari also participated in the round, the firm said on October 18. Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart has outperformed public benchmarks by building the world’s fastest inference engine.
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Waaree Energies initial public offer (IPO), aimed at raising up to Rs 4,321 crore, is all set to hit the primary market on October 21 and the current grey market premium trends indicate the market's positive outlook on the company's potential growth and value appreciation as investors are willing to pay a significant premium over the IPO's issue price to secure a stake.
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Penny stock Srestha Finvest hogged the limelight in trade on Friday, October 15, as it rose nearly 4 per cent to Re 0.82 after the company announced an Extra-ordinary General Meeting (EGM) to seek shareholders’ approval to fundraising along with other propositions. The penny stock, priced below Re 1, opened at Re 0.80 as against its previous close of Re 0.79.
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