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China Tech Buzz

Global News Impacting Chinese Tech

STARTUP DIGEST: Swiggy eyes $800 mn IPO next year; Sirona acquires women safety brand IMPOWER; Teachmint to digitise 10,000+ schools & China asks state firms to check investments in Jack Ma's Ant

News Snapshot:

Here are the top headlines from the startup space. Swiggy eyes $800 mn IPO early next year: Report Food delivery company Swiggy, which is backed by SoftBank Group, has started preparations to raise at least $800 million in an IPO early next year, the Nikkei reported. Swiggy has begun adding independent directors to the board, and plans to position itself as a logistics company and not just a food delivery firm, according to the report. Swiggy doubled its valuation to $10.7 billion in its latest funding round. Great Learning acquires recruitment platform Superset Global player in the professional and higher…

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