Tag: Tech startup

How Indian tech savvy consumers are creating superstars in the consumer tech market
Technology

How Indian tech savvy consumers are creating superstars in the consumer tech market

[ad_1] If you are a modern Indian consumer, chances are, you're reading this article on your mobile phone as you relax in the back of an Ola, or on a laptop, while you catch a break from work. Today's Indian consumer demands much more than his/ her needs met. He/ she wants luxury, entertainment, and quality experiences while shopping or making payments.That's why in the vast landscape of consumer technology, emerging markets like India stand out as a hotbed of entrepreneurial activity, with a plethora of startups disrupting traditional industries and attracting significant funding. Also Read: What we know so far about the rumoured Apple smart ring and is wearable tech worth it? The combination of a higher disposable income and digital adoption are the driving force for India's consumer ...
Tech Startup’s Wild First Week Won and Lost Founder Billions
Technology

Tech Startup’s Wild First Week Won and Lost Founder Billions

[ad_1]  The chief executive officer of reAlpha Tech Corp., a small property technology startup, briefly gained billions of dollars in paper wealth during a hot direct-listing debut this week, only to see most of that erased as the stock plunged in the following days.The Dublin, Ohio-based company's stock surged a whopping 1,667% in its first day of trading Monday, after it went public via a direct listing on the Nasdaq. Shares began trading at $23.01 — already above the $8 reference price — and closed at $406.67.  At the end of that first trading day, CEO Giri Devanur added $11.2 billion to his personal wealth from the large stake of reAlpha stock he holds, according to data compiled by Bloomberg. But things quickly took a turn. The stock plunged 75% on Tuesday and continued to slide in...