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Published on May 9, 2023

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Zomato shares plunge after Invesco cut rival Swiggy’s valuation

May 9, 2023
Shares of Indian food delivery firm Zomato ended session on Tuesday at a decline of 6%, hours after it became known that Invesco had cut the valuation of its rival Swiggy.Shares of Zomato ended Tuesday’s trading session at 60.94 Indian rupees (or 74 U.S. cents ), a 6% decline over the day’s opening at 64.80 Indian rupees. The share drop wiped over $400 million in Zomato’s market cap.TechCrunch fir

8fig gives smaller e-commerce businesses the ‘C-suite’ they’ve always wanted

May 9, 2023
E-commerce businesses don’t often build big companies: they might be big in revenue, but remain lean in headcount. However, 8fig believes these companies should still be able to get the expertise of, say, a chief financial officer, but in a way that works for their business.When Yaron Shapira, Assaf Dagan and Roei Yellin started 8fig in 2020, the company, based out of both Austin and Israel, was f