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PharmEasy hits INR 6,000 Cr in sales in FY23, records notable growth despite INR 5,211 Cr net loss
PharmEasy, the Mumbai-based ePharmacy startup, marked a significant milestone as its operating revenue surpassed the INR 6,000 Crore mark in the financial year concluding...
Swiggy reports robust 40% revenue growth to INR 8,264 Cr in FY23, despite net loss crossing INR 4,000 Crore mark
Swiggy, the Bengaluru-based food delivery giant, saw its net loss cross the INR 4,000 Crore threshold for the financial year ending on March 31,...
Shein investors offer shares at 30% discount amid dwindling IPO prospects
As per a Bloomberg report, Shein investors are trying to divest shares in private market transactions, with valuations for the online fashion giant dropping...
IPO-bound Swiggy initiates workforce reduction, plans to cut 6% of jobs to enhance profitability
IPO-bound food and grocery delivery major Swiggy has initiated another round of layoffs to streamline costs and pursue profitability, according to sources in the...
IPO-bound Swiggy refutes speculations of doubling platform fee, emphasizes consumer-centric approach
Contrary to speculation suggesting that Swiggy might increase its platform fee for food orders from INR 5 to INR 10 in the upcoming months...
Good Glamm Group secures exclusive three-year collaboration deal with Dharma Productions
Good Glamm Group, a direct-to-consumer company, has entered into an exclusive three-year partnership with Dharma Productions. As part of this agreement, all theatrical and...
Prosus likely to have promoter status in Swiggy’s $1 billion IPO
Prosus, the largest shareholder in Swiggy, is likely to be designated as a promoter for the upcoming initial public share sale of the online...
Allied Blenders files IPO papers with SEBI, targeting INR 1,500 Crore capital raise
Allied Blenders and Distillers Ltd, the producer of Officer's Choice Whisky, has submitted revised preliminary documents to the Securities and Exchange Board of India...
Swiggy may file IPO by fiscal year end, plans to raise capital with combination of offer-for-sale and new issue; Prosus contemplates stake reduction
Swiggy, the Bengaluru-based food delivery giant, is planning to file its initial public offering by the end of this fiscal year.The company plans to...
Nova Agritech sets IPO price band at INR 39-41 per share, aiming to raise INR 144 Crore
Mumbai-based Nova Agritech Ltd has unveiled its Initial Public Offering (IPO), setting a price band of INR 39-41 per share. The IPO is scheduled...
Preparations in full swing as Swiggy nears mega IPO launch later this year
Online food delivery platform Swiggy's Co-Founder and CEO Sriharsha Majety has said that all preparations are underway for its mega Initial Public Offering (IPO),...
Firstcry parent Brainbees Solutions to invest INR 150 Crore for Gulf expansion
Brainbees Solutions, the parent company of Firstcry, plans to allocate more than INR 150 crore from the proposed IPO funds to enhance its operations...