DELHIVERY IPO
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HC Tata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
27 Jun, 2024, 07.26 AM ISTEcom Express sets the ball rolling for Rs 3,000-crore IPO Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS...
27 Jun, 2024, 06.01 AM ISTEcom Express sets the ball rolling for Rs 3,000-cr IPO "Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon," said one of the people cited abo...
27 Jun, 2024, 05.42 AM IST- ADVERTISEMENT
Ecom Express’ rights issue; Google Cloud chief interview Ecom Express is planning a $170 million rights issue led by existing investors. This and more in today’s ETtech Top 5.
25 Jun, 2024, 07.26 PM ISTZepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart Company to double dark-store count to 700, taking on rivals Blinkit, Swiggy Instamart and Big Basket’s BB Now; DST Global, Lightspeed Venture Partners, Avenir Growth Capital and Avra joined as new investors in the round led by Glade Brook Capital, S...
22 Jun, 2024, 07.49 AM ISTIxigo IPO pops; AI jobs command premium pay Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
18 Jun, 2024, 08.39 PM ISTHow investors struck gold in the new-age IPO boom In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm G...
10 Jun, 2024, 06.00 AM ISTNew-age stocks recover post poll results; Ixigo IPO launch A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
06 Jun, 2024, 04.52 PM ISTUnlisted shares offer terrific returns, but also carry very high risks; should you invest? In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial ad...
03 Jun, 2024, 06.30 AM ISTA quarter of hits & a few misses; and other top tech, startup stories Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and P...
25 May, 2024, 09.03 AM ISTDelhivery slides back to losses; Prosus names new CEO Logistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and more in today’s ETtech Top 5.
17 May, 2024, 08.41 PM ISTMubadala leads Rs 1100 crore funding round in Avanse Avanse is the second largest domestic private sector NBFC in the education loan segment with assets under management (AUM) of Rs 8,646 crore in FY23. The firm's total disbursement in FY23 stood at Rs 6,143 crore, a 2.1x increase over the previous fi...
22 Feb, 2024, 11.15 PM ISTMallika Srinivasan steps down as Swiggy's independent director Swiggy said Srinivasan was stepping down due to “increasing business commitments”, without explaining further. The firm did not name a replacement for the position.
08 Feb, 2024, 01.56 PM ISTSoftBank took home $1.8-1.9 billion from four listed portfolio companies Japanese investor SoftBank has sold stakes worth $1.8-1.9 billion during the public offerings and through post-listing sales in four Indian startups — Paytm, Zomato, PB Fintech and Delhivery — that went public in 2021 and 2022. It had invested a tot...
02 Jan, 2024, 10.18 AM ISTSeries A to IPO, to series of returns The sharper focus on the post-listing financials of startups has tempered the exuberance while forcing companies to shift focus from gross merchandise value to unit economics and profitability.
22 Dec, 2023, 07.42 AM ISTEcommerce SaaS company Unicommerce eyes IPO in second half of 2024 The firm has started the book-building process and capital markets and investment firm CLSA has been roped in as one of the managers for the initial public offering (IPO), they added.
20 Nov, 2023, 11.55 AM ISTMutual funds take a shine to Zomato, Nykaa, Paytm, other new-age stocks An analysis of shareholding patterns of new-age firms such as Zomato, Paytm, Delhivery, Nykaa and PB Fintech, showed mutual funds have increased their holdings in several of these companies slowly but significantly over the last four quarters.
09 Nov, 2023, 09.16 AM ISTMamaearth parent Honasa Consumer sees IPO going in the right direction Honasa Consumer’s Rs 1,700 crore IPO opened for public subscription on Tuesday. It is offering the shares at a price band of Rs 308-324 each.
01 Nov, 2023, 06.00 AM ISTETSA panel discussion: Focus needed on building new ventures sustainably for public markets Prashanth Prakash, partner at Accel India, said India’s public markets are one of the best things that the country has to offer to the new economy space, but the ecosystem “lost sight of what it is to practically build a company for the public marke...
09 Oct, 2023, 07.40 PM ISTDelhivery’s chief customer experience officer Abhik Kumar Mitra resigns Mitra was the chief executive of Spoton — a logistics firm Delhivery acquired in 2021 before its initial public offering (IPO) for about $300 million. He played a crucial role in the acquisition as well.
21 Apr, 2023, 03.56 PM IST