Latest news with #GeneralAtlantic
Yahoo
2 days ago
- Business
- Yahoo
GFL Environmental (GFL) Evaluates Divestment of C$5 Billion Infrastructure Arm
GFL Environmental Inc. (NYSE:GFL) is one of the best high growth stocks. At the beginning of June, Bloomberg disclosed that GFL is evaluating the sale of a stake in its infrastructure subsidiary, Green Infrastructure Partners Inc., in a transaction valued at approximately C$5 billion, including debt. This potential deal reflects growing investor appetite for Canadian civil infrastructure, with prominent investment funds showing strong interest in participating. GFL has reportedly engaged in preliminary discussions with private equity firms including General Atlantic, Energy Capital Partners, and Neuberger Berman. If the transaction proceeds, it would represent one of the most significant infrastructure-related deals in Canada this year. An excavator at a landfill site operating amidst a pile of solid waste. For GFL, the partial sale of Green Infrastructure Partners represents an opportunity to gain capital to facilitate the subsidiary's continued growth. This move reflects wider market dynamics, as private capital increasingly targets infrastructure assets that offer long-term stability and reliable cash flows amid heightened market volatility. GFL shareholders are involved in early discussions about a possible sale, but nothing has been finalized yet, and core details are still up in the air. More bidders could join the mix as talks progress, with GFL focusing on long-term goals. GFL Environmental Inc. (NYSE:GFL) provides a range of non-hazardous waste management and environmental solutions, including hauling, landfill operations, material recovery, liquid waste management, and soil remediation for municipal, residential, commercial, and industrial clients. While we acknowledge the potential of GFL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
4 days ago
- Business
- Mint
Amagi Media Labs files draft IPO papers to raise ₹1,020 crore
Cloud-based video broadcasting and distribution platform Amagi Media Labs Ltd has filed draft papers to raise ₹ 1,020 crore in an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). Mint first reported in January that the software-as-a-service firm appointed investment bankers, including Kotak Mahindra Capital, Citigroup, IIFL Capital, and Goldman Sachs, for a ₹ 3,200-crore public listing. The proposed IPO consists of an issue of fresh equity shares worth ₹ 1,020 crore and an offer for sale of up to 34 million shares, showed the draft red herring prospectus (DRHP) The listing will make the Bengaluru-based unicorn the very first sectoral player in the broadcast and streaming ecosystem to go public in the country. Several notable investors, including Premji Invest, Accel, General Atlantic, and Norwest Ventures, will be offloading their stakes. It is currently unclear if they will sell all their shares in the company. Net proceeds from the fresh issue of ₹ 667 crore will go towards the company's further investments in its cloud infrastructure and inorganic growth. It is also considering raising ₹ 204 crore in a pre-IPO round. Amagi's revenue from operations in 2024-25 stood at ₹ 1,162 crore. Its revenue since 2022-23 has grown at a compound annual growth rate of 30%. Amagi, which gets most of its revenue from the US, sees the Indian market growing, given the rise of free ad-supported TV in the country. India and Latin America currently make up only about 10% of its overall revenue. In a conversation with Mint earlier, its founders said they'd be looking to make a few acquisitions this year in three spaces: live sports broadcasting, advertising technology solutions, and the media supply chain sector. The company had last raised money in 2022, when it raised over $100 million in a round led by General Atlantic, which valued the company at $1.4 billion.
Mint
4 days ago
- Business
- Mint
Amagi Media Labs files draft IPO papers to raise ₹1,020 crore
Cloud-based video broadcasting and distribution platform Amagi Media Labs Ltd has filed draft papers to raise ₹ 1,020 crore in an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). Mint first reported in January that the software-as-a-service firm appointed investment bankers, including Kotak Mahindra Capital, Citigroup, IIFL Capital, and Goldman Sachs, for a ₹ 3,200-crore public listing. The proposed IPO consists of an issue of fresh equity shares worth ₹ 1,020 crore and an offer for sale of up to 34 million shares, showed the draft red herring prospectus (DRHP) The listing will make the Bengaluru-based unicorn the very first sectoral player in the broadcast and streaming ecosystem to go public in the country. Several notable investors, including Premji Invest, Accel, General Atlantic, and Norwest Ventures, will be offloading their stakes. It is currently unclear if they will sell all their shares in the company. Net proceeds from the fresh issue of ₹ 667 crore will go towards the company's further investments in its cloud infrastructure and inorganic growth. It is also considering raising ₹ 204 crore in a pre-IPO round. Amagi's revenue from operations in 2024-25 stood at ₹ 1,162 crore. Its revenue since 2022-23 has grown at a compound annual growth rate of 30%. Amagi, which gets most of its revenue from the US, sees the Indian market growing, given the rise of free ad-supported TV in the country. India and Latin America currently make up only about 10% of its overall revenue. In a conversation with Mint earlier, its founders said they'd be looking to make a few acquisitions this year in three spaces: live sports broadcasting, advertising technology solutions, and the media supply chain sector. The company had last raised money in 2022, when it raised over $100 million in a round led by General Atlantic, which valued the company at $1.4 billion. It was founded in 2008 by chief executive Baskar Subramanian, chief technology officer Srividhya Srinivasan, and Arunachalam Srinivasan Karapattu, who currently serves as the president of global business.
Yahoo
5 days ago
- Business
- Yahoo
How a Y Combinator food delivery app used TikTok to soar in the App Store
The internet trend is simple: A friend or family member looks into the camera and tells viewers, in a slightly aggressive tone, that they are about to witness a presentation and that they had better be nice. That's what Kendall, the sister of Lucious McDaniel IV, did, and after she stepped aside, her brother pitched his company, BiteSight, a food delivery app that lets users watch videos of food before ordering. It also lets customers see what their friends have ordered and bookmark places to try out. The app plays on how young people engage with content — through short-form videos and recommendations from friends. McDaniel posted the video and went back to work. Fifteen minutes later, his sister texted him that their post was going viral. 'We were at 20,000 views in 15 minutes,' McDaniel told TechCrunch. Excitement came, but then chaos ensued as 'parts of our app started to break as we got more users.' The engineering team worked around the clock to keep BiteSight functional, while McDaniel took to making TikToks about the chaos, which ended up going viral, too. He said people loved the 'authenticity' behind seeing what happens when 'your app explodes overnight.' The video of McDaniel presenting this idea has since amassed almost four million likes on TikTok and a quarter of a million on Instagram, joining a trend of young entrepreneurs using TikTok and Instagram Reels to gain traction and deal flow. McDaniel told TechCrunch that the idea to make this video came after watching a friend partake in the same internet trend for his dating app. 'It got over a million views, and he suggested I try it for BiteSight.' McDaniel, who is 24, said he, like many young people, realized he was eating too much takeout, ordering from the same three places because he couldn't discover new restaurants on delivery apps. 'I'd hit this wall of identical-looking restaurants with stock photos, and somehow every place had 4.6 stars.' He started keeping a spreadsheet of restaurants he'd found on Instagram and TikTok, tracking actual reviews, and seeing what his friends thought about said places. 'When I realized other people were doing the exact same thing, my co-founder Zac and I decided to build something better: an app that actually reflects how we discover food today,' he said, referring to Zac Schulwolf, the company's CTO. McDaniel is no stranger to the tech industry. He previously worked at General Atlantic, where one of his main focus areas was restaurant technology. He previously founded a payments company called Phly, led product for a recruitment software, and has even angel invested in a few companies, including the fintech Mercury. McDaniel and Schulwolf, 25, spent over a year building BiteSight, including participation in the Winter 2024 cohort of YCombinator. They then did a limited beta around New York University in April. In mid-May, the company launched an early version and did a bit of social media marketing. In June, they made their viral video. 'What made our video stand out was that what we are building resonates,' said McDaniel, who is BiteSight's CEO (also known as chief eating officer). He added that 'it's clear that consumers, and especially Gen-Z, are ready for something that feels fresh and built for the way they engage.' After the video, BiteSight briefly became #2 in the App Store's Food and Beverage category, bypassing Uber Eats, Starbucks, and even McDonald's. McDaniel said the app also gained more than 100,000 new users and, though the app is only available in New York at the moment, people in other cities started messaging for a nationwide release. On the restaurant side, McDaniel said everyone from small family-owned spots to chain restaurants has reached out to partner and, of course, 'we've had a surge of investor interest from folks who see that this is where food delivery is going.' He declined to comment on the size of any upcoming funding deals, except to say he expects to have news to share soon. Of course, BiteSight has a lot of big, well-funded competition like DoorDash and UberEats. McDaniel believes, however, that being a startup in the age of AI will be his advantage. For example, while most of its competitors needed hundreds of engineers in their early days, BiteSight can work with AI tools that perform 10x the work of a human for much less of the cost. 'By using AI to avoid massive overhead and infrastructure costs, we can do much more with much less and pass on the savings to the small business owners and customers who need it most while still maintaining healthy margins,' he said. What also differentiates BiteSight is its focus on food and video, rather than other categories at the moment. 'We're trying to be the go-to app for the generation that discovers everything through social recommendations and short-form video.' Sign in to access your portfolio
Bloomberg
23-07-2025
- Business
- Bloomberg
General Atlantic's Kotzin Sees IPOs Taking Off in 2026
Hi, it's Swetha Gopinath in London, getting a global IPO outlook from a senior executive at private equity investor General Atlantic. Also today, the billionaire owner of the LA Times plans to take the newspaper public. Today's top stories
