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Tag: softbank

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

Former SoftBank managing partner Lydia Jett rejoins Flipkart’s board as Independent Director

SoftBank's f͏o͏͏rme͏r͏ m͏a͏nag͏ing͏͏ par͏tner Lydia Jett ͏has͏ rej͏͏o͏i͏ned Flipkart's board a͏s͏ an ind͏͏e͏͏pen͏͏͏dent ͏di͏͏recto͏r,͏ as ͏͏͏i͏n͏͏͏d͏i͏c͏͏ated͏ by͏ a r͏eg͏ul͏͏at͏ory fil͏͏i͏n͏g fr͏͏om͏ ͏t͏h͏͏e c͏o͏mpa͏͏ny͏͏. T͏he͏ ͏d͏͏͏evelop͏m͏ent...

Indian consumers embrace 10-minute grocery apps, squeezing small retailers out of competition

In a suburban neighborhood of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse, hustle to fulfill orders within a 10-minute window. Their efficiency is monitored...

Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B

Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...

FirstCry refiles DRHP following SEBI review; IPO offer unchanged

FirstCry, the Pune-based omnichannel marketplace, has refiled its draft red herring prospectus (DRHP) after the Securities and Exchange Board of India (SEBI) stated that...

Meesho to upsize next funding round to $500-$650 Million

Meesho, the ecommerce platform, is reportedly considering increasing the size of its upcoming funding round to $500-$650 million from $300 million earlier, given the...

Meesho in advanced talks to raise $300 Million from Tiger Global, SoftBank, and other investors

Ecommerce unicorn Meesho is reportedly preparing to secure $300 million (around INR 2,499 crore) in a fresh funding round, with investors including Tiger Global...

Peak XV Partners and Tiger Global eye stake acquisition in SoftBank-backed Meesho amidst secondary deal talks

According to a report by ET, Peak XV Partners (formerly known as Sequoia Capital India) and Tiger Global, along with several other investors, are...

IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr

OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...

Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion

The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...

Meesho diversifies strategy, set to launch financial services and expand grocery delivery for enhanced profitability

Meesho, an e-commerce company backed by SoftBank, plans to develop a financial services platform and expand its grocery delivery business in the upcoming financial...

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...

The House of Biryan sets sights on rapid expansion with plans for 40 new locations in the next 18 months

The House of Biryan, a restaurant chain, has announced plans to open more than 40 new locations within the next 18 months. Having successfully...

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