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Startup twists & turns on IPO street; and other top tech and startup stories this week
Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
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Team GB’s women’s gymnastics head coach leaves before Paris Olympics
David Kenwright oversaw team medal at Tokyo in 2021Coach hails ‘lasting positive impact for our sport’David Kenwright has left his role as the head coach of Great Britain’s women’s gymnastics team less than 100 days before the start of the Paris Olympics.Kenwright’s departure, after seven years in the post, also comes on the eve of the start of the women’s European artistic gymnastics championships in Rimini, Italy. Continue reading
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Harvey Weinstein’s rape conviction is overturned by New York’s top court
NEW YORK (AP) — New York’s highest court on Thursday threw out Harvey Weinstein ’s 2020 rape conviction with a ruling that shocked and disappointed women who celebrated historic gains during the #MeToo era and left those who testified in the case bracing for a retrial against the ex-movie mogul. The court found the trial []