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Meesho misses profit by a whisker; launch of logistics arm cuts cost

TMT

30 October, 2024

Meesho misses profit by a whisker; launch of logistics arm cuts cost

Prosus-backed homegrown ecommerce player Meesho, which competes with the likes of Amazon and Walmart-owned Flipkart, cut its adjusted losses by ......

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

TMT

29 October, 2024

Swiggy ups fresh issue in IPO as Prosus cuts offer for sale

Food and grocery delivery platform Swiggy Ltd has increased the fresh issue in its upcoming initial public offering (IPO), while ......

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

TMT

28 October, 2024

Swiggy cuts IPO valuation again, BlackRock and CPPIB to invest

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of ......

Swiggy backer Prosus expects e-commerce profit to jump in 2025, more IPOs in India

TMT

21 October, 2024

Swiggy backer Prosus expects e-commerce profit to jump in 2025, more IPOs in India

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year ......

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Grapevine: Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India

General

25 September, 2024

Grapevine: Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India

Swiggy has secured approval from Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) of shares ......

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Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

General

10 September, 2024

Grapevine: Three firms make cut for Avendus; suitors line up for HUL ice-cream unit

Carlyle, Premji Invest, and Japan's Mizuho Financial Group are vying to acquire a controlling stake in Avendus Capital, currently owned by KKR, a media report ......

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Tiger Global-backed Captain Fresh on the prowl for more acquisition opportunities

TMT

29 August, 2024

Tiger Global-backed Captain Fresh on the prowl for more acquisition opportunities

Seafood provider Captain Fresh is eyeing more inorganic growth opportunities, in line with its plans to expand its international business, ......

General Atlantic, Prosus ask Supreme Court to hear their concerns in Byju's insolvency

TMT

27 August, 2024

General Atlantic, Prosus ask Supreme Court to hear their concerns in Byju's insolvency

Foreign investors in Indian education technology company Byju's, including General Atlantic, have urged the country's Supreme Court to hear their concerns ......

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Deals Digest: Large BFSI deal propels funding momentum this week

General

23 August, 2024

Deals Digest: Large BFSI deal propels funding momentum this week

Private equity and venture capital investments saw a significant uptick this week, driven by a few large-ticket deals, according to ......

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Grapevine: Premji, Pai family offices eye Akasa; Temasek weighs India JV exit

General

22 August, 2024

Grapevine: Premji, Pai family offices eye Akasa; Temasek weighs India JV exit

Premji Invest and Claypond Capital, the family offices of Wipro's Azim Premji and Manipal Group's Ranjan Pai, respectively, are in advanced talks to invest $125 ......