Qualcomm sells remaining stake in Shadowfax, exits company
The latest transaction follows an earlier sale in August, when Qualcomm sold 75 lakh Shadowfax shares for Rs 183.85 crore at an average price of Rs 245.13 per share.
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The latest transaction follows an earlier sale in August, when Qualcomm sold 75 lakh Shadowfax shares for Rs 183.85 crore at an average price of Rs 245.13 per share.
With the latest transaction, NewQuest has offloaded 2.85 crore Shadowfax shares since July.
Pando.ai will continue to operate as a separate brand, with its existing product and company identity.
The logistics and supply chain management solutions provider will use the funds for planning intelligence and automated freight workflows, and accelerating go-to-market strategies.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
In this edition, we write about ONDC, an experiment still thriving mostly inside Bengaluru's walls; and AGI timeline shifts.