When Alex Rodrigues started his company Embark Trucks Inc., he couldn’t rent a car without age restrictions. Now 26, Rodrigues becomes one of the first, and youngest, heads of an autonomous-driving company to pitch public investors on the promise that vehicles will soon be able to drive themselves.
Embark started trading Thursday on the Nasdaq under the ticker EMBK. It wasn’t an especially warm reception. The shares fell as much as 7.3% in the first minute of trading.
Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings.
The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series F financing round. The new round, which brings more capital to the startup than all its other previous financings put together, was co-led by Lone Pine Capital, Alkeon Capital and TCV.