FREIGHT TIGER
First Budget of Modi 3.0: 8 stocks which may come into limelight during the Budget speech
Till the budget comes, many would have field day, right from opinion, desire, assessment all being packed as inside news. So, at the outset, we must clarify that this is our assessment based on an assumption that there are certain sectors which will be getting more attention in the first budget of Modi 3.0. The assumption is based on two reasons. First, the government has been focussing on these sectors for some time now and will give it further push so that end results start to get reflected on ground. Second, given the fact that it makes sense to do politically correct things when the whole world is looking at you. Why not make those announcements in the budget itself, because if not in budget these would have come in any case over the next few months. These are mid and small caps stocks which are related to the rural economy which is likely to be in focus for next couple of years as policy makers once again get ready for rural push.
With Odisha and Andhra being governed by NDA 3.0, will Aquaculture, a sector dominated by small caps and troubles, see a turnaround?
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
Homegrown Tiger Logistics, Bangladesh-based Sikder Group ink initial pact to increase trade
The development comes in continuation of the strengthening of connectivity between the two nations, as Bangladesh granted India permanent access to Chattogram and Mongla Port in April 2023.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 40%
When should one be cautious, in a strong trending bullish market which has lasted for months or bearish markets? The answer is both, in case of a bullish market cautious in “what is one buying” and in bearish markets, “what is one selling”. The reason selling a good stock just because the market is in a bearish phase is as bad a decision as buying the wrong stock. But at this point of time we are in a strong bullish phase, it is time to be cautious while buying. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
BharatPe hits Ashneer Grover with fresh case; Tesla ready to invest in India, but conditions apply
BharatPe cofounder Ashneer Grover finds himself in trouble yet again, this time for sharing the company’s confidential information on social media.
ETtech Deals Digest: Early-stage deals in focus as startup funding remains muted at $146 million this week
Indian startups secured $146 million in funding across 22 rounds this week, down 70% from last year’s $494 million across 46 rounds, according to market research firm Tracxn.
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Byju’s plans a PE lesson for Aakash; inside Udaan’s funding
Byju’s is talking to a few private equity firms to offload a controlling stake in Aakash Institute, one of the beleaguered edtech’s prime assets, sources told us. This and more in today’s ETtech Morning Dispatch.
Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150 crore
This comes as the Tata Group company looks to accelerate its presence in the truck and freight ecosystem. ‘Freight Tiger’ is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country.
Amazon extends warehousing facility to outside sellers; Garena relaunches Free Fire in India
Amazon has also signed a memorandum of understanding with India Post to create a cross-border logistics solution that will expand the opportunity of global selling for businesses.
Zomato Delhivers profits, Freshworks en route; and other top tech & startup stories this week
The April-June earnings posted in the past week by companies such as food and grocery delivery platform Zomato, software-as-a-service major Freshworks, and new-age logistics services provider Delhivery showed that steps towards frugality could lead to favourable results, even in a relatively short time.
Online B2B marketplaces a $200 billion opportunity by 2030, says report
Bessemer Venture Partners (BVP) has estimated the online-first and technology-enabled business-to-business (B2B) marketplaces category of startups to become a $200 billion market opportunity by 2023.
Tiger Logistics to launch price discovery, supply-chain automation platform
The focus is to build a robust MSMEs clientele in the Indian market for a seamless and hassle-free customer experience, it said, adding, the proposed digital platform is a disruption to the existing manual norms of operations in the freight industry.
ETtech Deals Digest: Games24x7, Pine Labs, Finova, IndMoney, others raise funds
Gaming platform Games24x7 has raised $75 million in a funding round that was led by Malabar Investment. Edtech startup Classplus, which helps educators and content creators launch online courses, has raised $70 million in its latest round of funding
Wiz Freight raises Rs 275 crore in funding led by Tiger Global
The company plans to expand into 15 countries in SE Asia, West Asia and Africa. The company also plans to double headcount and set up two research centres in AI, blockchain and connected devices in Singapore and Bengaluru.
Rising demand for dark stores pushes growth of urban logistics spaces across India
The demand is being supported by freight congestion currently impacting cities and will also help mitigate the related environmental impact of vehicles on these locations.
Amid container shortage, 2 microcaps more than double in a month
Two stocks -- Tiger Logistics (India) and Lancer Containers Lines, which provide container services to traders -- have been seeing a lot of investor interest on the bourses and rallied more than 100 per cent in the last one month.
Florintree, Ritesh Agarwal invest Rs 50 crore in Freight Tiger
The round also saw participation from Oyo Founder, Ritesh Agarwal’s family office Aroa Ventures and existing investors Lightspeed India Partners, Moonstone Investments and Pawan Munjal Family Trust.
Only a few PLI sectors might succeed; most of them risk failure. Swaminathan Aiyar explains why
Why should the government pick winners instead of letting market competition decide that? In the 1990s, nobody thought that software, autos, and pharma would become India’s three top export sectors. Picking winners would have been an inferior strategy. Even in Asian neighbours, some attempts at picking winners were disasters.
No relief here: On the front lines of COVID-19 fight, trucking community continues to be in a limbo
To ensure the smooth running of the country's logistics industry, the government, in the phase-2 of the nationwide lockdown, brought in many relaxations to aid the transportation sector. But did it result in any material change on the ground?
Lightspeed, others put $8 million in Freight Tiger
Freight Tiger plans to utilise the funding to strengthen its product portfolio by building sector specific customisations apart from growing its team and expanding to markets outside India.
VC investors see a truckload of money in digital freight sector
Targeting mainly micro, small and medium enterprises, these firms help reduce the hassle of documentation for clients through digitalisation, detect the whereabouts of shipments/consignments, reduce overall booking time, and negotiate cost-effective rates through bulk booking.
$100 million Delhivery from Carlyle as e-commerce logistics hots up
Carlyle's investment in Delhivery will be among the largest PE investment in the space. In July 2015, Warburg Pincus had agreed to invest $133 million in Ecom Express.
Tiger Logistics is my first pick of 2017: Ashish Maheshwari
From Rs 4 crore in 2014, I am expecting around Rs 17 crore profit this financial year from Tiger Logistics, says the Blue Ocean Director
Digital offers a way out for online logistics companies
Post-demonetisation, startups are latching on to the digital to solve truckers' cash woes
Conflict zones: Five places where people cross animals paths with disastrous results
The proposed freight corridor through the Sanjay Gandhi National Park in Mumbai poses a threat to wildlife.
Online freight-booking service BlackBuck raiseS Rs 155 crore
BlackBuck has raised Rs 155 crore, or $25 million, in funding led by Tiger Global Management and the partner’s fund of DST Global.
Tiger Global, Yuri Milner invest $25 million in Flipkart-backed online freight booking startup
The round also saw participation from existing investors, venture capital firm Accel Partners and India's largest e-tailer Flipkart.
Flipkart, Tiger Global team up to invest Rs 76 crore in online home rental startup Nestaway
Flipkart has teamed up with its largest investor Tiger Global to invest about Rs 76 crore ($12 million) in online home rentals startup Nestaway marking its third investment in new ventures this year.
Singapore Airlines full-year net profit down 5.1 per cent
Net profit in the three months to the end of March fell 60.5 percent to Sg$27 million from Sg$68.3 million in the same period last year.
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