The <keyword id="24349" type="LOCATION" weightage="20" keywordseo="Hong-Kong">Hong Kong</keyword> government has announced its decision to ban commercial <keyword id="3161800" type="PERSON" weightage="20" keywordseo="passenger-flights">passenger flights</keyword> from <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword>, <keyword id="3001" type="LOCATION" weightage="20" keywordseo="Pakistan">Pakistan</keyword> and the <keyword id="3750" type="LOCATION" weightage="20" keywordseo="Philippines">Philippines</keyword> for 14 days from Tuesday as these countries were "extremely high-risk for Covid-19". The announcement on Sunday came hours after city officials confirmed a second local Covid-19 case involving a mutated strain of the virus, reports the <keyword id="62481" type="COMPANY" weightage="20" keywordseo="South-China-Morning-Post">South China Morning Post</keyword> newspaper. According to the announcement, anyone who has spent more than two hours in those three countries have also been banned from entering Hong Kong. People already in quarantine in Hong Kong from those three nations will be ordered to take an additional test on the 26th day after arriving in the city. Health officials had earlier decided to ban <keyword id="94768" type="COMPANY" weightage="20" keywordseo="Cathay-Pacific">Cathay Pacific</keyword>'s Manila flights, and India's Vistara services from Mumbai, for two weeks until May 2 after a number of passengers were found to be Covid-19 positive upon their arrival in Hong Kong. According to the South China Morning Post report, a Vistara flight from Delhi which arrived in Hong Kong on April 4 is now at the centre of a growing coronavirus outbreak with 47 passengers on the 188-seater flight infected. The route, however, was subsequently banned for two weeks after a number of passengers arrived with Covid-19. On Sunday, Hong Kong registered 30 new Covid-19 cases, of which 29 of were imported. The new infections took the the total case tally to 11,683, with 209 deaths. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/india/news/what-is-allowed-and-what-is-not-during-the-15-days-lockdown-in-rajasthan/articleshow/82138686.cms">Here’s the list of what is allowed and what is not during the 15 days lockdown in Rajasthan</a>

Hong Kong bans commercial passenger flights from India, Pakistan, and Philippines for 14 days

<ul><li>The foodtech unicorn’s CEO Deepinder Goyal also said that many cities in India have also surpassed their pre-COVID order numbers.</li><li>He added that since the announcement of a country-wide lockdown on March 23, <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> has delivered a total of 9.2 crore orders. </li><li>This surely comes as good news for Zomato which is reportedly heading for an IPO in early 2021.</li></ul><keyword id="2705661" type="PERSON" weightage="20" keywordseo="Zomato-CEO">Zomato CEO</keyword> Deepinder Goyal took to Twitter to share that <keyword id="7083350" type="UNKNOWN" weightage="20" keywordseo="food-delivery-in-India">food delivery in India</keyword> has reached pre-COVID levels. The foodtech unicorn’s CEO also said that many cities in India have also surpassed their pre-COVID order numbers. <div type="twitter" handle="deepigoyal" handlename="Deepinder Goyal" image="http://pbs.twimg.com/profile_images/1266605194948808704/vcXbgfyz_normal.jpg" favoritecount="196" retweetcount="57" status="Happy to share that India food delivery volumes have reached pre-COVID peaks. A number of cities are now at over 12… https://t.co/8zKCsOX1ka" createdat="1602486016000" id="1315547820045131777"></div> Goyal also said that going forward, he expects the <keyword id="6376068" type="UNKNOWN" weightage="20" keywordseo="food-delivery">food delivery</keyword> sector to continue to grow at 15-25% month-on-month. He added that since the announcement of a country-wide lockdown on March 23, Zomato has delivered a total of 9.2 crore orders. In a mid-year report published by the company in September, Zomato had said that Delhi and Mumbai were nearing full recovery (95% of pre-COVID). And it wasn’t just the order numbers but also the transaction volume that has been increasing for Zomato. “With more premium restaurants, i.e. restaurants where a meal for two may cost ₹1500 and above, now opening up to online delivery, a larger number of affluent consumers are embracing online ordering. Overall spends on such premium restaurants have grown by over 25% over pre-COVID levels,” wrote <a href="https://www.zomato.com/blog/mid-covid-report-2">Goyal in the report.</a> Good news for Zomato ahead of its IPO This surely comes as good news for Zomato which is reportedly heading for an IPO in early 2021. While Zomato has a $3.5 billion valuation now, <a href="https://tech.economictimes.indiatimes.com/news/corporate/hsbcs-brokerage-arm-pegs-zomatos-valuation-at-5-billion/77873641">analysts at HSBC </a>peg the valuation to hit $5 billion. According to <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/zomato-plans-to-file-for-ipo-in-first-half-of-2021/articleshow/78041305.cms">reports</a>, Zomato CEO Deepinder Goyal in an email to his employees said that the company is looking to list publicly in the first half of 2021. Goyal also spoke about the company’s funding and said that the company has $250 million in the bank and as their current round wounds up they will have $600 million. The news came as Zomato raised $102.5 million from Tiger Global Management at a $3.4 billion valuation. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/razorpay-is-the-latest-to-join-the-unicorn-club-with-its-new-100-million-fundraise/articleshow/78612631.cms">Razorpay is the latest to join the unicorn club with its new $100 million fundraise</a>

Ahead of its imminent IPO – Zomato CEO says food delivery in India has reached pre-COVID levels

<ul><li>After CBSE and IB, Council of Indian School Certificate Examinations (CISCE) board has decided to call off the board exams for Class 10 as COVID-19 cases are spiking in the country.</li><li>The board has not shared the criteria on which class 10 students would be marked but the board has asked schools to start with the admission process for Class 11.</li><li>The status of ISC Class 12 examinations remains the same, as per the circular dated April 16.</li></ul>After the Central Board of Secondary Education (CBSE) and International Baccalaureate (IB), the Council of Indian School Certificate Examinations (CISCE) board has decided to call off the board exams for Class 10 as COVID-19 cases are spiking in the country. “The options given in the earlier circular dated 16 April 2021, now stands withdrawn” said a circular, dated April 19, from the CISCE board. Class 10 students were given an option to choose the mode of their examination, i.e to appear physically for exams or evaluated on the basis of “objective criterion”, as per the previous orders. Now, all the Class 10 <keyword id="6386146" type="ORGANIZATION" weightage="20" keywordseo="icse">ICSE</keyword> board students will be evaluated on the basis of “objective criterion.” However, the board has not shared the criterion on basis of which Class 10 students will be marked. But the board has asked the schools to start with the admission process for Class 11 and begin with online classes, at the earliest. CISCE has also guided schools to start teaching Class 11 syllabus to the students. ISC 2023 syllabus will be followed for Class 11. The status of ISC Class 12 examinations remains the same, as per the circular dated April 16. No final date of examination has been announced by the board. The exam stands postponed until new dates are announced. The Board added that, “the criterion on which basis the results will be declared for the ICSE Class 10 students and the date of result declaration will be announced by the CISCE later.” SEE ALSO:<a href="https://www.businessinsider.in/business/startups/news/dream11-parent-company-looking-for-an-ipo-in-the-us/articleshow/82139123.cms">Dream11’s parent company is reportedly the latest contender for a public market debut in the US</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/india/news/what-is-allowed-and-what-is-not-during-the-15-days-lockdown-in-rajasthan/articleshow/82138686.cms">Here’s the list of what is allowed and what is not during the 15 days lockdown in Rajasthan</a> <a href="https://www.businessinsider.in/india/news/checkout-what-is-allowed-and-what-is-not-during-the-curfew-in-delhi-as-per-the-new-guidelines-of-19th-april-2021/articleshow/82142384.cms">Delhi’s one week curfew: checkout what is permitted and what is not</a>

ICSE board cancels Class 10 exams amid rising COVID-19 cases in the country

The government of India has made a major policy change allowing everyone above the age of 18 to get a jab of the COVID-19 vaccine from May 1, as India opens up the third phase of the world’s largest vaccination drive. To improve the supply of the COVID-19 vaccine, the government has allowed states to directly buy them from the manufacturers. Prime Minister Narendra Modi, in a Press Information Bureau statement, said that the “government has been working hard from over a year to ensure that maximum number of Indians are able to get the vaccine in the shortest possible of (sic) time.” Vaccine makers can sell half of their production directly to the state governments and in the open market at a pre-declared price. The decision on setting the age limit in the distribution of the vaccine has been left to the respective state governments. The second wave of COVID-19 infections has been a lot severe in India. The total number of infections in India has crossed 15 million. Latest data showed that for the last five days in a row, there have been at least 200,000 people contracting the virus daily. The official death toll due to COVID-19 in India is 1,78,769, but many fear that it could be a lot higher. India’s health infrastructure has been way too short of what was needed to tackle the pandemic with minimal fatality. As the world’s largest vaccine maker, there was hope that India would be able to beat the lack of health facilities with timely jabs for a large chunk of the population. However, the Narendra Modi administration has come under severe criticism for its handling of the COVID-19 crisis, particularly, the second wave and the slow pace of vaccinations is one of the reasons. While it is a move to cheer, a <a href="https://www.businessinsider.in/science/health/news/even-if-india-opens-up-covid-19-vaccination-for-everyone-above-18-years-of-age-it-will-take-another-six-to-seven-months-to-vaccinate-the-entire-country/amp_articleshow/81914988.cms">recent study</a> found that even if India were to open up vaccines for everyone, it may take six to seven months to cover the breadth of India’s population. The Indian government began the roll out of its massive vaccination drive on January 16, this year. So far, it has managed to distribute around 7.9 million doses of the vaccine for its 1.21 billion strong population. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/what-is-allowed-and-what-is-not-during-the-15-days-lockdown-in-rajasthan/articleshow/82138686.cms">Here’s the list of what is allowed and what is not during the 15 days lockdown in Rajasthan</a>

If you are 18 years or older, you can get a COVID-19 vaccine from May 1

<ul><li>India’s cybersecurity <keyword id="53650" type="PERSON" weightage="20" keywordseo="watchdog">watchdog</keyword>, <keyword id="448001" type="COMPANY" weightage="20" keywordseo="CERT-In">CERT-In</keyword>, has warned users about the ‘high’ number of vulnerabilities to WhatsApp and <keyword id="4936066" type="PERSON" weightage="20" keywordseo="whatsapp-business">WhatsApp Business</keyword>’ older versions.</li><li>Meanwhile, malware disguised as an offer to turn WhatsApp’s traditional green into pink or gold is also making the rounds in group chats. </li><li>Users are recommended to keep their WhatsApp and WhatsApp Business mobile apps up to date and report to the company if they come across any suspicious links.</li></ul>The Indian cybersecurity watchdog, Cert-In, has issued a ‘high’ severity rating against WhatsApp and WhatsApp Business. According to the vulnerability note, the emergency response team has found ‘multiple’ vulnerabilities within the mobile apps. And these loopholes could allow hackers to gain access to sensitive information about you. “Successful exploitation of these vulnerabilities could allow the attacker to execute arbitrary code or access sensitive information on a target system,” <a href="https://cert-in.org.in/">said the note</a>. However, this is only an issue for users still running an old version of WhatsApp or WhatsApp Business. If your app is up to date, then your information should be safe. But that’s not it. A new threat has been making the rounds over group chat. The link entices users by offering to turn the WhatsApp interface from its traditional green color to a shade of pink as well as new features. Another claims to turn WhatsApp from green to gold. <div type="twitter" handle="rajaharia" handlename="Rajshekhar Rajaharia" image="http://pbs.twimg.com/profile_images/1321786916505710592/mL9ugzP0_normal.jpg" favoritecount="92" retweetcount="72" status="Beware of @WhatsApp Pink!! A Virus is being spread in #WhatsApp groups with an APK download link. Don't click any l… https://t.co/HTZY8fYhrz" createdat="1618681509000" id="1383476641293168640"></div> <cmsannotation type="cmsannotation" annotationid="WhatsApp is meant to be green" comment="subhead" text="WhatsApp is meant to be green">WhatsApp is meant to be green</cmsannotation> Cybersecurity experts claim that clicking on the link offering to turn WhatsApp into a different colour may lead to users losing access to their accounts altogether. According to PTI, several <keyword id="1540772" type="PERSON" weightage="20" keywordseo="WhatsApp-users">WhatsApp users</keyword> have been circulating that link unknowingly. <div type="ExtQuote" text="&quot;Such malicious apps can be used to compromise your phone and steal personal data like photos, SMS, contacts, etc. Keyboard-based malware can be used to track everything you type. It can be used to capture and steal banking passwords.”" auname="Director of Voyager Infosec, cybersecurity, threat intelligence, and malware analysis company, Jiten Jain told PTI"></div> WhatsApp recommends keeping away from unverified links. "Anyone can get an unusual, uncharacteristic, or suspicious message on any service, including email, and anytime that happens we strongly encourage everyone to use caution before responding or engaging,” the company said in a statement. It also recommends that people use the tools that are provided within the app to send the company a report, report a contact, or block contact. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers IPO lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/stock-market/news/hdfc-bank-macrotech-developers-adani-ports-and-other-stocks-to-watch-out-for-on-april-19/slidelist/82137367.cms">HDFC Bank, Macrotech Developers, Adani Ports and other stocks to watch out for on April 19</a>

WhatsApp under threat — multiple vulnerabilities in older versions of the app and a new ‘Pink’ malware on the prowl

Equity benchmark Sensex crashed over 1,064 points in early trade on Monday, tracking massive across-the-board selloff as mounting <keyword id="8785701" type="UNKNOWN" weightage="20" keywordseo="COVID-19-cases">COVID-19 cases</keyword> spooked investor sentiment. The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82. Similarly, the broader NSE <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> tanked 394.90 points or 2.70 per cent to 14,222.95. All Sensex components were in the red. Bajaj Auto was the top loser in the Sensex pack, dropping over 5 per cent, followed by <keyword id="46717" type="CITY" weightage="20" keywordseo="IndusInd-Bank">IndusInd Bank</keyword>, <keyword id="13222" type="CITY" weightage="20" keywordseo="SBI">SBI</keyword>, <keyword id="6653" type="CITY" weightage="20" keywordseo="ICICI-bank">ICICI Bank</keyword>, <keyword id="11121038" type="UNKNOWN" weightage="20" keywordseo="bajaj-finance-and-axis-bank-">Bajaj Finance and Axis Bank.</keyword> In the previous session, Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03, and Nifty rose 36.40 points or 0.25 per cent to 14,617.85 Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 437.51 crore on Friday, according to provisional exchange data. "The health crisis India is going through and localised lockdowns and restrictions on economic activity warrant a market correction," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The targets of around 11 per cent GDP growth and above 30 per cent earnings growth for FY 22, that the market had assumed pre-second wave are likely to fall short, he added. The steady rise in COVID positive cases and the steady decline in recovery rates are areas of serious concern, he noted. Active COVID-19 cases in India stood at 19,29,329, up from 18,01,316 cases registered on Sunday, according to <keyword id="83655" type="COMPANY" weightage="20" keywordseo="Union-health-ministry">Union Health Ministry</keyword> data. "But, this negativity need not reflect fully in the market since the global clues are positive. The sharp recovery in global growth led by the US and China augur well for markets globally." Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a positive note in mid-session deals. Meanwhile, international oil benchmark Brent crude was trading 0.49 per cent lower at USD 66.44 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/india/news/what-is-allowed-and-what-is-not-during-the-15-days-lockdown-in-rajasthan/articleshow/82138686.cms">Here’s the list of what is allowed and what is not during the 15 days lockdown in Rajasthan</a>

Sensex tanks over 1,000 points amid surging COVID-19 cases, Nifty below  14,300 —  IndusInd Bank, SBI, ICICI Bank, Bajaj Finance and Axis Bank down

<ul><li>The Delhi government announced a week’s curfew in the state with effect from 10 pm April 19 to 5 am April 26 to curb the rapid spread of <keyword id="8763838" type="UNKNOWN" weightage="20" keywordseo="covid-19">COVID-19</keyword> cases.</li><li>The state is facing an acute shortage of ICU beds, oxygen cylinders, and Remedisvir medicine, said Kejriwal in today's address to the state.</li><li>A list of what is allowed and what is not during the curfew.</li></ul>The Delhi government announced a week’s curfew in the state with effect from 10 pm April 19 to 5 am April 26 to curb the rapid spread of COVID-19 cases. Kerjiwal said that the Delhi government is conducting more than 1,00,000 COVID-19 tests daily. The state is facing an acute shortage of ICU beds, oxygen cylinders, and Remedisvir medicine, said Kejriwal in today's address to the state. He further added that the health system is working under pressure but hasn’t collapsed. Lockdown is mandatory to prevent the health system from collapsing and also to break the chain of COVID-19 cases in the state. Delhi recorded 25,462 new COVID-19 cases and 161 fatalities in the last 24 hours, pushing the tally to 8,53,460 confirmed cases in the state. Here’s the list of what is allowed during the lockdown: <ol><li>Movement of government officials and officers, judicial officers, staff members of all courts in Delhi are exempted if they produce valid ID cards.</li><li>Offices of essential and emergency services like health and welfare, medical establishments, police, prisons, fire, water, electricity shall continue to operate.</li><li>Pregnant women and patients going for medical related services with an attendant are permitted with production of valid ID cards or doctor’s prescription/ medical papers.</li><li>People going for COVID-19 testing or vaccination are allowed with a valid ID card.</li><li>People going/coming to/from airports, railway stations, bus terminals are allowed with production of valid tickets.</li><li>Movement of people related to shops dealing with food, groceries, fruits and vegetables, dairy products, medical equipment and medicines, newspaper distribution are permitted.</li><li>Religious places like temples and mosques are permitted to open but visitors are not allowed.</li><li>Delivery of all essential goods like food, pharmaceuticals, through e-commerce websites shall be permitted.</li><li>Petrol pumps, water supply, power generation, cold storage, warehousing services, private security services shall continue to operate.</li><li>Manufacturing of essential or non-essentials goods with onsite workers and production of units and services can continue to operate.</li><li>Eating joints can take home delivery or take away orders only.</li><li>Public transport such as Delhi metro, public buses shall continue to function with 50% seating capacity within the stipulated time. However, other local transports like auto-rickshaw, and e-rickshaws are allowed to function with not more than 2 passengers within the stipulated time.</li><li>Movement of people for wedding functions (gathering up to 50 people) and for funeral rites (gathering up to 20 people) are allowed.</li><li>Stadiums organizing national or international events without spectators are allowed to function.</li></ol>Here’s the list of what is not allowed during the lockdown: <ol><li>Shopping malls, markets, weekly markets, cinema halls, theatres, restaurants (dine-in), bars, entertainment units shall remain closed.</li><li>Gyms, spas, salons, barber shops, beauty parlours shall also remain closed.</li><li>All social, political, entertainment, religious, festival related gatherings shall be prohibited. </li></ol>SEE ALSO: <a href="https://www.businessinsider.in/india/news/what-is-allowed-and-what-is-not-during-the-15-days-lockdown-in-rajasthan/articleshow/82138686.cms">Here’s the list of what is allowed and what is not during the 15 days lockdown in Rajasthan</a> <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a>

Delhi’s one week curfew: checkout what is permitted and what is not

<ul><li>Marcotech Developers is now live on the exchanges listing at a share price of ₹436.</li><li>This is a 10.3% dip from the subscription price of ₹486 per share.</li><li>Prior to listing, the ₹2,500 IPO saw lukewarm response from investors, only being subscribed to 1.36 times. </li></ul><keyword id="7940335" type="UNKNOWN" weightage="20" keywordseo="Macrotech-Developers">Macrotech Developers</keyword>, formerly known as <keyword id="6473062" type="UNKNOWN" weightage="20" keywordseo="Lodha-Developers">Lodha Developers</keyword>, saw its initial public offering (IPO) list at a 10.3% discount on the National Stock Exchange (NSE). Its share price at 10:00 am, the time of listing, was ₹436 versus the subscription price of ₹486. Within the first 10 minutes, the price was able to reach a high of ₹472.95 before dipping back down to ₹458 at 10:10 am. The company’s ₹2,500 crore initial public offering (IPO) received a lukewarm response from investors after only seeing a subscription rate of 1.36 times. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Macrotech Developers IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.05 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.44 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.40 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.36 times </td></tr></tbody></table> According to analysts, the company is a good bet if you were willing to hold on to the stock for the long run — not for its listing premium. So, if you have the shares and are concerned that there’s been a loss on premium, keep the stock if you have the patient. Why are investors wary of Macrotech Developers? One of the reasons for investors to be wary was the company’s high level of debt. Around ₹1,500 crore of funds from the IPO will go towards repaying lenders to ease its balance sheets. But that doesn’t mean that it won’t need more money, which brings us two the second reason investors were vary about putting their money into the offer. Marcotech Developers is operating in a capital intensive sector, the real estate industry, during a pandemic. Any delays due to a lockdown, curfew or the implementation of restrictions like Section 144, could add to its costs — especially since the majority of its projects are in India’s financial capital, Mumbai. The city has been one of the worst hit in all of India during the second wave of the pandemic. “If the company does not have access to funds required on favourable terms, it may be required to delay or abandon some or all planned projects or reduce the scale of operations,” noted Capital Markets in its preview. The brokerage pointed out that the company has earlier difficulties in serving its debt. It was among the companies that availed the moratorium offered by the Reserve Bank of India (RBI) for six months during the pandemic, from March to August 2020. The size of Macrotech Developers has its own loopholes The problem with Macrotech Developers possibly having to reduce its scale of operations due to the uncertainty propagated by the pandemic is that it’s one thing it has playing in its favour. Macrotech Developers is one of the largest players in the Indian real estate market going up against behemoths like Godrej Properties, Sunteck Realty, and Oberoi Realty. And so far, it has consistently outperformed all its peers when it comes to sales, as per Hem Securities. It has a strong distribution network, not just in India, but in foreign markets like the UK, the US, Singapore and the Gulf Cooperation Council (GCC). But even that comes with its own loopholes. “Large construction projects in all parts of the world provide opportunities for corruption, fraud or improper conduct, including bribery, deliberate poor workmanship, theft or embezzlement by employees, contractors or customers or the deliberate supply of low-quality materials, which may delay development of projects,” said Capital Market’s report. Yes, it's one of the biggest players in the residential real estate market, but being so big at a time when the real estate market is witnessing its biggest slump in five years can be dangerous — even with home loans rates on the downtrend. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/stock-market/news/hdfc-bank-macrotech-developers-adani-ports-and-other-stocks-to-watch-out-for-on-april-19/slidelist/82137367.cms">HDFC Bank, Macrotech Developers, Adani Ports and other stocks to watch out for on April 19</a>

Macrotech Developers IPO lists at 10% discount — analysts recommend that shareholders should wait it out

<ul><li>The US banking behemoth <keyword id="63460" type="CITY" weightage="20" keywordseo="JP-Morgan">JP Morgan</keyword> is footing the bill to set up the <keyword id="381358" type="SPORT" weightage="20" keywordseo="European-super-league">European Super League</keyword>.</li><li>Pundits and fans across Europe aren’t happy about the new move, and neither is the Union of European Football Associations (<keyword id="6373925" type="COMPANY" weightage="20" keywordseo="uefa">UEFA</keyword>).</li><li>The new league will be in direct competition of the <keyword id="133416" type="COMPANY" weightage="20" keywordseo="UEFA-Champions-League">UEFA Champions League</keyword> — a move that is unprecedented in club football history.</li></ul>US-based financial services firm JP Morgan is the treasure chest behind one of the biggest disruptions in history of football — the Super League. It will be doling out billions to some of the richest football clubs in Europe to break away from the UEFA competitions, like the <keyword id="6360761" type="COMPANY" weightage="20" keywordseo="champions-league">Champions League</keyword>. “I can confirm that we are financing the deal, but have no further comment at the moment,” a spokesperson of the American investment bank told news agency AFP. You can call it a ‘<a href="https://twitter.com/hendopolis/status/1383892595261071371">civil war</a>’ or a ‘<a href="https://twitter.com/hendopolis/status/1383900788846596098">criminal act against fans</a>’ but reality is that football clubs have been hit hard by the pandemic. Most of the clubs are saddled with debt, large wage bills, and the second wave of COVID refuses to let up. The pandemic has cost European football an estimated €2 billion (₹20,750 crore) to date, according to <a href="https://sports.ndtv.com/football/europes-top-football-clubs-face-two-billion-euros-revenue-hit-due-to-coronavirus-report-2358329">Deloitte</a>. The want for a quick financial fix is a clear one, even for the continent’s biggest clubs. And, the Super League is offering big bucks. In signing up for the new competition, the clubs would share a fund of €3.5 billion (₹31,371 crore) to spend on infrastructure projects and to deal with the impact of the coronavirus pandemic. The Super League is also offering ‘uncapped solidarity payments’ to the tune of €10 billion (₹89,633 crore), which will grow as the league revenues grow over the 23-year term of the contract. According to the press release, the payments will be substantially higher than those generated by the current European competitors. <cmsannotation type="cmsannotation" annotationid="European football’s civil war led by the ‘Dirty Dozen’" comment="subhead" text="European football’s civil war led by the ‘Dirty Dozen’">European football’s civil war led by the ‘Dirty Dozen’</cmsannotation> The twelve founding members of Super League so far include the <keyword id="52458" type="COMPANY" weightage="20" keywordseo="Premier-League">Premier League</keyword>’s ‘big six’ as well as the top clubs from Italy and Spain. They’re being pegged as the ‘Dirty Dozen’, ‘Shameless Six’, ‘The Imposters’ and ‘The Rebels’ in newspapers across Europe. Full list of European football clubs who have agreed to join the Super League: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Clubs participating in Super League </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Country </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Liverpool </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manchester City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manchester United </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chelsea </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Arsenal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tottenham Hotspur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">England </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">AC Milan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Italy </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Juventus </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Italy </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Inter Milan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Italy </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Real Madrid </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Spain </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Barcelona </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Spain </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Atletico Madrid </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Spain </td></tr></tbody></table> But not everyone is happy about this new move. Not the fans and definitely not the Union of European Football Associations (UEFA). <div type="ExtQuote" text="“The only ones who stand to gain are hedge funds, oligarchs and a handful of already wealthy clubs, many of which perform poorly in their own domestic league despite their inbuilt advantage.”" auname="Grass-roots network of football fans, FSE, said in a statement."></div> The main argument seems to be that there is already a platform that allows clubs from different countries and leagues to compete with each other — the UEFA Champions League. Fans have pointed out that four of the 12 founding members — Arsenal, Manchester City, Tottenham, and Atletico Madrid — have never won the Champions League. Instead of being hailed as something that will improve football, as the founding members claim, fans and pundits are seeing this as a grab for power and money. Leagues like England's Premier League and Italy’s <keyword id="81077" type="COMPANY" weightage="20" keywordseo="Serie-A">Serie A</keyword>, which have huge TV audiences across the globe, may bear the brunt. The Union of European Football Associations (UEFA), backed by the Spanish, English and Italian football leagues, has threatened these clubs and their players with bans and legal action. <div type="ExtQuote" text="“If this were to happen, we wish to reiterate that we… will remain united in our efforts to stop this cynical project — a project that is founded on the self interest of a few clubs at a time when society needs solidarity more than ever.”" auname="Joint statement by UEFA and other football leagues."></div> By establishing a largely closed competition, the biggest clubs envision the future of football to be a year long reality television show whose sole purpose is to generate a ceaseless stream of content and talking points. And, to be fair, in the age of 24-hour news cycles, this is something that may appeal to many people. The deal is yet to be final. The Super League still needs three more clubs to sign up to make the grand total 15 before it can officially be in business. Regardless, it has plans to kick off ‘as soon as practicable’. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-lists-at-10-discount-analysts-recommend-that-shareholders-should-wait-it-out/articleshow/82138450.cms">Macrotech Developers IPO lists at 10% discount — analysts recommend that shareholders should wait it out</a> <a href="https://www.businessinsider.in/business/startups/news/razorpay-raises-160-million-at-3-billion-valuation-plans-for-more-acquisitions/articleshow/82137901.cms">Razorpay raises $160 million at $3 billion valuation, plans for more acquisitions</a> <a href="https://www.businessinsider.in/stock-market/news/hdfc-bank-macrotech-developers-adani-ports-and-other-stocks-to-watch-out-for-on-april-19/slidelist/82137367.cms">HDFC Bank, Macrotech Developers, Adani Ports and other stocks to watch out for on April 19</a>

JP Morgan is doling out billions to fund the ‘Dirty Dozen’ Super League — the biggest disruption in the history of club football

<ul class="summary-list"><li>Former <a href="https://www.businessinsider.com/sam-altman-career-advice-2020-1">Y Combinator president Sam Altman</a> bet TechStar's Michael de la Maza that all the talk of a startup investing bubble in 2015 was overhyped.</li><li>The wager consisted of three parts, including his predictions for where certain mature, middling, and young startups would be by 2020. To win, all three predictions would have to be correct.</li><li>Although Altman's ambitious targets <a href="https://www.businessinsider.com/stripe-connect-express-28-countries-github-partnership-2019-9">were easily cleared on two predictions</a> that covered private startups, his <a href="https://www.businessinsider.com/tech-ipo-struggling-to-keep-investors-happy-uber-fiverr-lyft-2019-9">prediction about public startups was a clear miss</a>. As per the bet, Altman will donate $100,000 to a charity of de la Maza's choice.</li><li>In an interview with Business Insider, Altman said he doesn't feel as strongly in 2020 that bubble talk off base, but he is interested to see how startups like Airbnb and SpaceX perform as they prepare for public offerings rumored for this year.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>Depending on who is speaking, the tech industry is in a bubble, has been in a bubble, or is growing perfectly normally for an innovative industry. Bubble talk, like Teslas and Patagonia vests, is inescapable in Silicon Valley.Back in 2015, a heyday even by Silicon Valley standards,<a href="https://www.businessinsider.com/sam-altman-career-advice-2020-1"> then-Y Combinator president Sam Altman</a> found the bubble talk deafening. As the head of <a href="https://www.businessinsider.com/y-combinator-founders-reveal-repeat-accelerator-progam-demo-day-2019-8">a prominent startup accelerator</a>, Altman had a front-row seat to some of the <a href="https://www.businessinsider.com/y-combinator-michael-seibel-startups-distance-themselves-google-facebook-2019-8">hottest startups coming out of its Mountain View program</a>, and he thought the bubble talk was way overblown."That was back in a time when it was really nonstop," Altman told Business Insider. "Every other article was about a bubble or said we were in a bubble. I felt very strongly that startup investing was not, but I didn't have the specific numbers so it was hard to say who was right and who was wrong."So <a href="https://blog.samaltman.com/bubble-talk">Altman publicly proposed a bet with the first VC willing to take the other side, </a>that fears of the bubble were overblown. The wager consisted of three separate predictions about startup valuations over the next 5 years, and Altman would have to get them all right to win.Michael de la Maza, a mentor with early-stage investment firm TechStars, took Altman's action.The first part of the bet was that the <a href="https://fortune.com/2015/01/22/the-age-of-unicorns/">top six high-profile, high-growth startups</a> would be worth at least $200 billion in aggregate, double the 2015 valuations. The second was that some of the top Y Combinator alumni would be worth at least $27 billion in aggregate from just under $9B in 2015. And last was perhaps Altman's most ambitious prediction. He thought the current cohort of startups at Y Combinator in the Winter 2015 class would be worth at least $3 billion in 5 years."They were quite dramatic," Altman now says of his 2015 predictions. "If anything, I would have scaled them back. It wasn't a bubble, it was the opposite."When the clock struck midnight and the world welcomed a new decade, Altman started crunching the numbers to see how his predictions panned out. "Sometimes the TechStars guy would email me about one startup or another, but other than that I wasn't really thinking about it," Altman said of the bet over the last 5 years.By New Years Day, it was clear Altman had easily cleared the last two predictions. <a href="https://www.businessinsider.com/stripe-connect-express-28-countries-github-partnership-2019-9">Stripe, one of the startups called out specifically in his second prediction</a>, was most recently valued at $35 billion alone, but other breakout hits include <a href="https://www.businessinsider.com/coinbase-8-billion-company-funding-2018-10">Coinbase</a>, Instacart, <a href="https://www.businessinsider.com/optimizely-raises-58-million-2015-10">Optimizely</a>, and <a href="https://www.businessinsider.com/docker-ceo-steve-singh-dockercon-2018-2018-6">Docker</a>. Five years on and the Winter 2015 YC cohort is also faring well, with <a href="https://www.businessinsider.com/gitlabs-ceo-talks-gearing-up-for-direct-listing-or-ipo-2019-12">$2.75 billion GitLab leading the pack</a> that includes RazorPay, Atomwise, and Chariot. But public markets weren't as bullish on the tech companies Altman was tracking, and the top six in 2015 were worth at least $30 billion less than Altman had predicted. Part of that is due to the <a href="https://www.businessinsider.com/uber-ipo-happened-worst-possible-time-2019-5">poor public performances of Uber</a>, <a href="https://www.businessinsider.com/tech-ipo-struggling-to-keep-investors-happy-uber-fiverr-lyft-2019-9">Pinterest, and Dropbox in 2019</a>, but Altman also said there was a timing issue that dragged down the collective valuation of the group."If everything in the public market had been recently priced, if Airbnb were now public or SpaceX was public, it might be different," Altman said. "They are public-like, but not public yet." Both startups are widely rumored to go public in 2020, but relied on substantial late-stage capital to close out the decade.As per the bet's terms, Altman will donate $100,000 to an as-of-yet undisclosed charity of de la Maza's choice but still counts the predictions as mostly victorious given the strength of private valuations over the second half of the decade. The next 5 years, though, are tougher to predict."I'm not as sure this time," Altman said. "The thing that made me want to do that last time around was this feeling that everyone was saying we were in a bubble and I thought that was wrong and disingenuous for a couple of reasons. This time I don't feel that way."<a href="https://www.businessinsider.com/intelligence/future-of-retail?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=uber&amp;itm_campaign=future-of-retail-2"></a>

Y Combinator's Sam Altman made a gutsy bet with critics 5 years ago to prove there wasn't a startup bubble. The reason he lost shows a disconnect between public and private markets.

The startup boom in <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>, which some say peeked in 2015, is still looked at as the key to innovation and entrepreneurship in the country. Analysing these <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword>, <keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">LinkedIn</keyword> published the 2018 LinkedIn Top Startups List for India. The world’s largest professional network looked at actions taken by more than 50 million professionals on the site and came up with a list of the 25 most attractive startups where people want to work. <keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword>, India’s largest hospitality company, tops the list. Their aggressive expansion plan has led them into Malaysia, China and the UK in just the last 9 months. Currently the company is in conversation to raise $1 billion which will bring its total valuation to over $4 billion. The health and wellness startup, <keyword id="4506924" type="PERSON" weightage="20" keywordseo="cure-fit">Cure.fit</keyword> came in second, which isn’t really a surprise considering they offer their employees unlimited leave, fixed increments every six months and a concierge service for personal tasks. It’s followed by <keyword id="6890164" type="UNKNOWN" weightage="20" keywordseo="dunzo-in">Dunzo.in</keyword>, a concierge services venture, in third place. That being said, Dunzo.in isn’t pan-India yet and only has services available in Pune, Bangalore and Gurgaon. While the list is extensive, there is no set trend to what sector of startups people prefer. <div type="image" title="Orange and Black Vector Job Fair Flyer" tempid="251815" msid="65866696" hostid="261"></div>

 Unicorn club Other than OYO, Rivigo and Udaan.com are two other startups on the list that are near unicorn status. Rivigo, a logistics startup, is almost at $1 billion after recently raising an additional $50 million in funds. Udaan.com is leading the pack, according to the report, with it being valued at over $ 1 billion after its round of September fundraising. Employee engagement matters Some of the startups on the list have made it there because they recognise that it’s important for employees to feel a sense of ownership. For instance, OYO ensures that all new hires are exposed to actual business problems from their first day at work so that they understand their responsibility and accountability. Razorpay, on the other hand, has a unique regulation where every team member has to take fours hours of customer support calls, regardless of seniority or role. Other companies employ innovative appraisal methods instead. Jumbotail, for example, flouts the norm by giving 80% weightage to peer feedback and only 20% to manager feedback while looking at annual reviews. The startups on this list have been measured across four pillars - employment growth, engagement, job interest and top talent. While a lot of disruptive and new startups made it to the list, older names like Flipkart, Swiggy and BigBasket are missing.

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