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News IPO Bound Paytm Record 62% YOY Growth In Revenue From Ops In Q1 FY22
The fintech company recorded INR 689.4 Cr in revenue from payments and financial services in the April-June quarter of the current fiscal year It widened its losses by 34% to nearly INR 382 Cr during the period, and the increase in losses came largely on the back of a 40.6% YoY rise in its expenses to INR 1,312.3 Cr The much-awaited IPO will open on November 8th and close on...
- 5 hrs ago
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Home Nykaa Raises INR 2,395.8 Cr From Anchor Investors
The investors subscribed to the shares at INR 1,125 per share, an upper limit of the IPO price band The anchor investors included international investors Blackrock, Fidelity International, the Government of Singapore and the Monetary Authority of Singapore.
- 5 hrs ago
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Home Policybazaar's Unlisted Share Price Plunge Nearly 40% Post IPO Price Band Announcement
Its IPO will open on November 1 and close on November 3 at a price band of INR 940-INR 980 There were concerns in the unlisted market that the shares were trading at a significant premium compared to the eventual price band The fintech unicorn will raise INR 5,708.64 Cr to INR 5,951.56 Cr The share price of Policybazaar and Paisabazaar parent PB Fintech in...
- 9 hrs ago
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News Paytm Increases IPO Size To INR 18,300 Cr, IPO To Open On November 8
The offer would include a fresh issue of INR 8,300 Cr worth of shares and an offer for sale (OFS) of INR 10,000 Cr Paytm has not announced the price band as yet.
- 10 hrs ago
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News Exclusive: MPL Bids Adieu To Karnataka, Moves Office To Delhi Post Online Gambling Ban
MPL's shareholders have approved the shifting of the company's registered office in Bengaluru's Hobli to Delhi's Barakhamba Road Following the ban, MPL was one of the first fantasy sports platform to have pulled the plug on its operations Last month MPL entered the unicorn club after raising $150 Mn in its Series E round from Legatum...
- 11 hrs ago
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Home Exclusive: MPL Bids Adieu To Karnataka Moves Office To Delhi Post Online Gambling Ban
MPL's shareholders have approved the shifting of the company's registered office in Bengaluru's Hobli to Delhi's Barakhamba Road Following the ban, MPL was one of the first fantasy sports platform to have pulled the plug on its operations Last month MPL entered the unicorn club after raising $150 Mn in its Series E round from Legatum...
- 11 hrs ago
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Home India's D2C Economy: Thrasio's Attraction To India
Thrasio is coming to India at a time when ecommerce roll-ups, D2C platforms are all the rage, with investors backing a slew of startups Dear reader, It's not incidental that the first edition of India's D2C Economy by Inc42 follows the footsteps of one of the largest funding rounds in the global D2C segment, where Thrasio raised $1 Bn at a valuation of $10 Bn from private equity...
- 11 hrs ago
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Home Announcing FAST42: Discovering India's Fastest-Growing D2C Brands
Inc42, in partnership with Trell, is seeking to identify & recognise India's fastest-growing D2C brands with its inaugural list, FAST42 - D2C Edition 2022 With FAST42, Inc42 will recognise 42 of India's fastest-growing D2C brands and help increase visibility, brand recognition and growth opportunities The last date to apply for FAST42 is November 15th The D2C...
- 12 hrs ago
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News D2C Babycare Brand R For Rabbit Raises INR 40 Cr; Plans Product Portfolio Expansion
R For Rabbit's product portfolio includes baby products such as baby gears, ride-on, nursing and feeding equipment, activity and bathing toys, tricycles and prams, baby bathtubs, mini washing machines, among others The startup raised funds from private equity firm Xponentia Capital Partners to scale distribution and operations in the domestic market, and...
- 12 hrs ago
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News Workforce Management Startup BetterPlace Acquires OLX People And Waah Jobs
BetterPlace helps enterprise clients hire, manage, engage with and upskill blue-collar workers BetterPlace had acquired Oust Labs, a gamified worker upskilling startup, earlier this month OLX People and Waah Job's 400 person team will join BetterPlace to add more features Blue-collar workforce management startup BetterPlace has acquired OLX People and Waah Jobs to...
- 12 hrs ago
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