India Zomato files IPO
In the news of the world’s most popular payments, Zomato goes public in India, while MessageBird acquires SparkPost in a $ 600 million deal. Additionally, global smartphone shipments reached 347 million in the first quarter of 2021.
Indian food delivery start-up Zomato files $ 1.11 billion IPO
Zomato, the food delivery platform, goes public in India with an initial public offering (IPO) estimated at $ 1.1 billion. The upstart has filed a draft with the market regulator, Securities and Exchange Board of India (SEBI). Zomato and his rival Swiggy control the country’s food delivery industry, estimated at $ 4.2 billion. Zomato, which is backed by Chinese group Ant, is considered one of India’s most successful startups and employs over 5,000 people. Its service is available in 10,000 cities across 24 countries.
MessageBird to acquire SparkPost for $ 600 million
MessageBird, the Netherlands-based international omnichannel communications company, purchases messaging optimization platform SparkPost in $ 600 million deal that will help MessageBird expand its reach across the United States United. The agreement will add 5 trillion secure business-to-consumer (B2C) email interactions to MessageBird’s system each year, per release. “The future of communications is not siled – it’s omnichannel,” MessageBird CEO Robert Vis said in a statement. “Our acquisition of SparkPost will further strengthen our ability to serve customers by email.”
Global smartphone shipments climb 27%, according to Canalys
Global smartphone shipments reached 347 million in the first quarter of 2021, an increase of 27% year-over-year. The results come from a report released Thursday, April 29 by technology research firm Canalys, which found that Samsung was the top smartphone maker for the quarter, selling 76.5 million devices, or 22% of the market share. . Apple came in second with 52.4 million iPhones, a 15% share. Three Chinese phone makers round out the top five, with the inclusion of Xiaomi. “In addition to the great value of its products, Xiaomi is now making strides in recruiting local talent, becoming more channel-friendly and being at the forefront of high-end innovation,” said Ben Stanton, director of research at Canalys.