Rentomojo’s valuation jump; SoftBank’s Meesho windfall
Rentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's ETtech Top 5.
Rentomojo's stock price has surged, anticipating a public listing with a valuation five times higher than its previous private funding round. Meanwhile, Japan's SoftBank has divested from Meesho, realizing a threefold return on investment. The article also delves into the rise of Indian-origin leaders in Big Tech, including SoftBank's exit from Meesho and Scapia's expansion into lending services.
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