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 Business
Zomato Witnesses INR 1,127 Crore Block Deal, with SoftBank Likely as the Seller
Three points you will get to know in this article: Zomato, the prominent player in the food tech industry, experienced an upward momentum in its stock value during the initial trading hours this Friday, December 8th. This positive movement was fuelled by a significant block deal. In this noteworthy transaction, approximately 1.06% ownership of the company, equivalent to 9.35 crore…
Posted in BusinessDaily Feeds
Paytm: Biggest Loser in Lacklustre Week for New-Age Tech Stocks
Three points you will get to know in this article: Despite the Indian stock markets reaching record highs this week, modern tech stocks faced a mixed scenario, experiencing mostly constrained movements. Notably, a selling trend emerged across various counters. Among the 19 new-age tech stocks covered by Inc42, eleven witnessed declines ranging from 0.2% to a substantial 25% this week.…
Posted in BusinessTechnology
SoftBank Group Reports Another Quarter of Deficits
Three points you will get to know in this article: Japan’s SoftBank Group surprised markets with a loss this time, but there’s a silver lining – the company is wading back into new investments. Their Vision Fund unit has finally turned profitable after six quarters in the red. During the April-June period, the Vision Fund unit saw a substantial investment…
Posted in Ecommerce
Indian E-Commerce Startup Meesho Attains Inaugural Profit Milestone, Eyes IPO in 12-18 Months
Three points you will get to know in this article: On August 7th, in Bengaluru, there was significant news from Indian e-commerce startup Meesho. For the very first time, the company has recorded a profit, marking a significant milestone. During an interview, a senior executive of the company revealed their ambitious plan: to become publicly listed on the stock market…
Posted in Business
Delhivery raises $413 Million in Series F funding round led by Softbank Vision Fund
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Posted in Hotel
Oyo initiates hotel business in Japan “Oyo Hotel Japan GK” via JV with SoftBank
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