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Innovative Companies

Updated On : 05 Oct 2023 | 4:40 PM IST

Zoomcar inks merger pact with Innovative International Acquisition Corp

Car sharing platform Zoomcar on Friday said it has inked a merger agreement with Innovative International Acquisition Corp and subsequently become a publicly listed entity on Nasdaq. The transaction values the combined company at around USD 456 million. Upon closing of the transaction, the combined entity will be renamed Zoomcar Holdings, Inc and expects to list its common stock on Nasdaq. Founded in 2013, Zoomcar currently operates across more than 50 cities globally. It has over 3 million active users and over 25,000 vehicles registered for use on its global car-sharing marketplace. "Zoomcar's car-sharing marketplace is positioned to cut across emerging markets, and we expect to target future expansion opportunities in markets, which include SE Asia, Latin America, MENA, and Sub-Saharan Africa," Zoomcar Co-Founder and CEO Greg Moran said in a statement. The entity sees a vast addressable market, totalling around USD 90 billion annually by 2025, he added. Innovative Internation

Zoomcar inks merger pact with Innovative International Acquisition Corp
Updated On : 14 Oct 2022 | 3:36 PM IST

New-age firms tweak business models, rev up services with add-ons

Delivery executives and driver partners are the more active workers during these testing times

New-age firms tweak business models, rev up services with add-ons
Updated On : 22 Mar 2020 | 12:29 AM IST

We are looking to launch new products, says Vinati Organics MD and CEO

Vinati Organics invested in innovative technology to make products at affordable prices and this helped it drive competition out of the market

We are looking to launch new products, says Vinati Organics MD and CEO
Updated On : 20 Mar 2020 | 11:06 PM IST

Graphic: Top 10 smartest companies of 2017

Some are large companies that seem to be growing ever larger, like Amazon and Apple

Graphic: Top 10 smartest companies of 2017
Updated On : 31 Aug 2017 | 2:18 AM IST