SPAC

Indian startups Eye a new “SPAC” opportunity

When US stock market sneezes, Emerging markets including India catches cold! However, this time around there is positive news for Indian tech startups in the form of Special Purpose Acquisition Companies (SPAC’s). Though SPAC’s are not a new concept, suddenly they seem to be in a rage in US for a variety of reasons. Before that, let us briefly look at what this is. As the name implies, it is a special purpose vehicle formed and floated in the market...