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Ola Electric IPO: A few winners and many losers as PE/VC investors seek exits

Consumer

29 July, 2024

Ola Electric IPO: A few winners and many losers as PE/VC investors seek exits

US-based hedge fund and venture capital investor Tiger Global and VC firm Matrix Partners, which rebranded as Z47 earlier this ......

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Grapevine: General Atlantic, KKR, EQT eye PE deals; FirstCry, Anthem in IPO news

General

29 July, 2024

Grapevine: General Atlantic, KKR, EQT eye PE deals; FirstCry, Anthem in IPO news

General Atlantic and KKR are among 4-5 private equity firms vying for a majority stake in Faridabad-based hospital chain Asian ......

SoftBank-backed Ola Electric suspends car project to focus on scooters, bikes

TMT

25 July, 2024

SoftBank-backed Ola Electric suspends car project to focus on scooters, bikes

India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its ......

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Grapevine: I Squared plans an exit; Ola Electric IPO likely in August

General

25 July, 2024

Grapevine: I Squared plans an exit; Ola Electric IPO likely in August

Private equity firm I Squared Capital and sovereigh wealth fund Abu Dhabi Investment Authority (ADIA) plan to sell up to $400 million worth of their ......

SoftBank-backed FirstCry, Unicommerce get SEBI nod for IPOs

TMT

01 July, 2024

SoftBank-backed FirstCry, Unicommerce get SEBI nod for IPOs

Two companies backed by SoftBank--Brainbees Solutions Ltd, the parent company of baby products retailer FirstCry and e-commerce-focused SaaS company Unicommerce ......

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Grapevine: Platinum Equity makes first India bet; Flipkart ropes in former SoftBank exec

General

01 July, 2024

Grapevine: Platinum Equity makes first India bet; Flipkart ropes in former SoftBank exec

US-based buyout fund Platinum Equity Advisors has struck its maiden bet in India as it acquired a stake in a Mumbai-based pharmaceutical ......

SoftBank-backed Ola Electric working to build solid-state batteries

Manufacturing

01 July, 2024

SoftBank-backed Ola Electric working to build solid-state batteries

India's Ola Electric is working to build solid-state batteries and expects its vehicles to be powered by its own cells ......

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

TMT

11 June, 2024

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 ......

Temasek, Fidelity bet $200 mn on Lenskart in secondary deal

Consumer

03 June, 2024

Temasek, Fidelity bet $200 mn on Lenskart in secondary deal

Singapore state investment firm Temasek and American asset manager Fidelity Management and Research Company have invested $200 million (about Rs ......

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Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm

General

03 June, 2024

Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm

Ola Electric is set to lay off 400-500 employees in the coming weeks as founder Bhavish Aggarwal intensifies efforts to ......