FIRSTCRY FUNDRAISING
Karnataka losing out in manufacturing race; CXO churn in startups
New-age companies are choosing to set up manufacturing facilities in neighboring states like Maharashtra and Tamil Nadu, bypassing Karnataka. More on this in today's ETtech Morning Dispatch.
Purplle’s Rs 1,000 crore funding; FirstCry, Unicommerce IPOs cleared
Omnichannel beauty platform Purplle has closed a Rs 1,000 crore funding round. This and more in today’s ETtech Top 5.
Oyo finalises Rs 1,000 crore fundraise from Indian family offices
Oyo fundraise: Hospitality startup Oyo is raising around Rs 1,000 crore from family offices and investors. The fundraise aims to value Oyo at about $2.5 billion, marking a significant decrease from its peak valuation of $9 billion in 2021. Oyo is slated to hold an extraordinary general meeting (EGM) on Tuesday to approve the fundraise.
Oyo withdraws IPO application, opts for private funding at 70% valuation cut
Hospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.
FirstCry refiles IPO papers; Groww secures payment aggregator licence
FirstCry has refiled its draft IPO papers with market regulator Sebi with updated financials. More on this in today’s ETtech Top 5.
FirstCry to refile IPO papers; Lyskraft’s mega seed funding
Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggy’s $1.25 billion proposed IPO receiving shareholder nod. This and more in today’s ETtech Morning Dispatch.
- Go To Page 1
FirstCry parent files draft IPO papers: Six key takeaways
Omnichannel retailer FirstCry aims to raise Rs 1,816 crore through the issue of fresh shares, along with an offer for sale of more than 54 million shares. This will make FirstCry only the second Indian vertical ecommerce company to go public after Nykaa, which listed in 2021.
RBI grants payment aggregator licences to Razorpay, Cashfree, others; FirstCry’s IPO details
While the payment aggregator licence was thought to be routine initially, for the likes of Razorpay and Cashfree, it makes a big impact as they step out of the ban on bringing in new customers.
SoftBank-backed FirstCry set to file for IPO, eyes $500-600 million raise
FirstCry will be the second Indian vertical e-commerce platform to go public after Nykaa’s IPO in 2021. The Pune-headquartered company specialises in selling products for kids and mothers across online and offline formats.
FirstCry to file IPO papers soon; BharatPe’s Rs 500 crore debt plan
Omnichannel retailer FirstCry aims to raise $500-600 million from its public listing and is likely to file its draft IPO papers in the next few days. This and more in today’s ETtech Top 5.
Paytm to go slow on small-ticket loans; MPL's FY23 report card
Paytm will scale down its Postpaid business as recent regulatory hurdles have prompted a strategy rethink at the payments firm. This and more in today's ETtech Top 5.
Family offices and UHNIs take direct investment route for higher returns
Traditionally, limited partners (LPs) commit capital to venture funds without knowledge of the specific investments the fund manager will make, known as blind pool investment. However, these co-investment programmes provide LPs with the freedom to choose startups they want to fund, and typically do not have any management fees attached to them.
FirstCry plans secondary offer to sovereign funds at $ 3 billion valuation
Initial talks on for around $100m transaction; SoftBank to sell small stake.
Are Indian startup founders in denial?
The RBI's digital lending guidelines have increased the pressure on new-age lending businesses, forcing them to focus on their non-banking financial company (NBFC) units and book building, as the regulator gives importance to regulated entities.
IPO-bound FirstCry eyes $4B valuation; Clevertap in talks to raise $75M
The Masayoshi Son-led firm, which is Firstcry’s largest investor, NewQuest Capital Partner, and a few other existing investors are in discussions to offload part of their holdings, they said.
Tata Digital snags founders, ecomm execs; Quick commerce scores in IPL; VerSe’s $805 million fundraise
“As we grow our footprint across the country and demonstrate strength across categories, we continue to augment our team across the board, that includes strategic positions within the company,” a Tata Digital spokesperson told ET.
US flags Indiamart on fake goods; FirstCry IPO in 2022
Earlier today The Office of the United States Trade Representative (USTR) released a list of 42 online markets that reportedly conduct or facilitate substantial trademark counterfeiting or copyright piracy.
Fundraising will only get better in 2022, startup founders say
Almost 92% of founders who attempted to raise capital in 2021 said they had a favourable experience and 75% of them expect the environment to get better this year, according to InnoVen Capital’s Startup Outlook Report 2022.
Indian startups clock $9.5 billion via exits, among its largest ever
Around $2.5 billion worth of exits came through IPOs this year, up from $113 million in 2020, as per Venture Intelligence data.
Show me the money!
In today's ETtech Morning Dispatch, India's sovereign wealth fund in talks to invest in FirstCry, Tiger Global and Flipkart are weighing investments into a former executive's new venture, WhatsApp privacy policy violates India's IT rules, govt says.
CoWin, CoWin, gone
In today's ETtech Morning Dispatch: CoWin faces tech glitches again; Zomato's historic IPO; and FirstCry plans Thrasio-like investment venture
ETtech Deals Digest: Byju's, Firstcry raise funds, Wipro buys Ampion
A look at the key tech deals and startup funding rounds struck in the week to April 2.
Exclusive: FirstCry's early investors look to sell stake at $2.1 billion valuation
The valuation being ascribed to BrainBees Solutions (FirstCry) is almost double of its previous funding round in 2019.
SoftBank’s India kitty set to cross $10 billion
Investment milestone comes in less than half of 10 years Masayoshi Son promised in October 2014.
FirstCry now in talks to raise Rs 666 crore
Brainbees Solutions, the owner of online baby products retailer, looks for a valuation of $400-500 million in a new round of fundraising
Temasek’s Vertex ventures to raise $150-180M southeast Asia fund
In response to ET’s queries, Vertex Ventures said that it is currently in its silent period and will not be able to comment on the development.
Global baby products to woo elite shoppers at FirstCry
The company has already got more than 160 brands on board and expects this business to contribute 10 per cent to total sales.
FirstCry on a hiring spree in an offline push; to have 200 stores by mid 2016
The Pune-based retailer, which operates through a franchisee based business model, has doubled its headcount to about 800 in the past six months.
Funding in startups in first half of 2015 surpasses deals in 2014
The following startups ,Peper Tap,Grofers, Simplileran, Lookup, FirstCry, Porter and Jugnoo among others have raised funding twice within the first half of 2015.
Load More
