Posted in Ecommerce
Unicommerce Submits DRHP for IPO Focusing on Equity Share Offer
Three points you will get to know in this article: Unicommerce, a part of the AceVector Group alongside Snapdeal and Stellaro Brands, has recently submitted its draft red herring prospectus (DRHP) to the Securities Exchange Board of India (SEBI) for their upcoming initial public offering (IPO). In this exciting move, the company aims to secure funds through an offer for…
Posted in Fintech
MobiKwik Gears Up for Rs 880 Crore IPO, Second Attempt After Market Postponement
Three points you will get to know in this article: MobiKwik, the leading digital payment solutions provider, is gearing up to secure Rs 880 crore through a new issuance of equity shares via a public offering. This marks MobiKwik’s second venture into the IPO arena, following an initial attempt where it submitted a draft red herring prospectus (DRHP) in July…
Posted in Ecommerce
Snapdeal Records INR 388 Crore Revenue in FY23; Reduces Losses by 45%
Three points you will get to know in this article: In the realm of horizontal e-commerce ventures, Snapdeal, the Gurugram-based e-commerce platform, stands out for its unwavering commitment to profitability. Notably, the company has achieved a commendable feat by reducing consolidated losses by 45%, from Rs 510 Cr in FY22 to Rs 282 Cr in FY23. Impressively, Snapdeal achieved profitability…
Posted in Automobile
Hero MotoCorp Boosts Stake in Ather Energy, Invests Rs 140 Crore
Three points you will get to know in this article: Hero MotoCorp has successfully secured an extra 3% ownership in the dynamic electric vehicle enterprise, Ather Energy, by investing a noteworthy sum of Rs 140 crore (equivalent to approximately $16.8 million). As disclosed in official regulatory documents, this strategic investment involves the acquisition of supplementary shares from Ather’s current stakeholders.…
Posted in AutomobileBusiness
Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups
Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…
Posted in BusinessDaily Feeds
Zomato Shares Open Flat as Tax Authorities Issue Notice to Food Delivery Firms
Three points you will get to know in this article: Zomato’s stocks had an uneventful start on Thursday (November 23) amid reports of tax notices served to both Zomato and Swiggy for alleged non-payment issues in the realm of food delivery aggregation. Closing at INR 115.25 on the preceding day (November 22), Zomato’s shares exhibited a neutral performance. By 9:20…
Posted in Business
Mamaearth, Gearing Up for IPO, Reports INR 151 Cr Loss in FY23 Due to Goodwill Impairment
Three points you will get to know in this article: Mamaearth, the direct-to-consumer (D2C) unicorn gearing up for its IPO, faced a financial setback in the fiscal year ending March 31, 2023, due to a one-time loss. The parent company, Honasa Consumer Limited, helmed by the husband-wife team Varun and Ghazal Alagh, witnessed a shift from the previous fiscal year’s…