In just three years, Zepto has become the poster child of India’s burgeoning quick commerce industry. The startup’s staggering $1.3 billion fundraising spree in 2024, accounting for 10% of all funding raised in the year, has solidified its position as a force to be reckoned with. Not only did Zepto outpace established players like Swiggy … Read more
PhysicsWallah (PW), the prominent edtech platform, has officially transitioned into a public company as it gears up for its highly anticipated Initial Public Offering (IPO) in 2025. The company’s board approved a resolution earlier this month to rename the organization from PhysicsWallah Private Limited to PhysicsWallah Limited, signaling its readiness for public listing. In a … Read more
Mumbai-based Identical Brains Studios (IBS), a prominent name in the VFX industry, has received in-principle approval for its Initial Public Offering (IPO) from the NSE Emerge exchange. The company is preparing to file its Red Herring Prospectus (RHP) with updated details, marking a significant milestone as it moves closer to being listed on the platform. … Read more
Solarworld Energy Solutions has successfully raised approximately ₹110 crore in a pre-IPO funding round. Key investors include ValueQuest Investment Advisors, along with several prominent funds and individual backers. This strategic funding has allowed the company to scale back its planned Initial Public Offering (IPO) from ₹550 crore to ₹440 crore. Key Details of the Pre-IPO … Read more
Quick commerce leader Zepto has raised $350 million in its latest funding round, pushing its valuation to an impressive $5 billion, according to recent media reports. This funding, led by Motilal Oswal’s Private Wealth division, marks a strategic effort to attract domestic investors as the company prepares for its highly anticipated initial public offering (IPO). … Read more
Matrix Geo Solutions Ltd., a leading geospatial technology company specializing in drone and space tech, has successfully raised nearly $1 million in its pre-IPO funding round. The round attracted prominent investors, including Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF, among others. IntelliFin Private Limited (www.ipoplatform.com) served as the sole investment … Read more
Swiggy, one of India’s leading food delivery and quick commerce platforms, has made strategic moves to strengthen its leadership team, appointing two senior executives to oversee its core operations in food delivery and quick commerce. These appointments come ahead of Swiggy’s highly anticipated stock market debut on November 13, 2024 and are aimed at optimizing … Read more
Ahmedabad-based Energy Mission Machineries (India) Ltd, a leading company in designing and manufacturing of a diverse range of sheet metal machinery is planning to raise up to Rs. 41.15 crores from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. … Read more
Following Vedantu, Unacademy, and Meesho, Cars24, an upcoming IPO, has laid off about 600 staff in the last few weeks. Across divisions, the startup has primarily laid off people in lesser levels. According to the article, the company employed roughly 9,000 people before the layoffs. According to these people, layoffs have occurred across departments and … Read more
Unicorn in logistics On Tuesday, a day before its shares open for bidding on May 11 as part of its initial public offering, Delhivery raised Rs 2,347 crore from 64 anchor investors, a mix of marquee domestic and international investors (IPO). The anchor investors received 48 million shares at a price of Rs 487 per … Read more
Speciality chain Of Cardiac Clinics, Vaidya Sane Ayurved Laboratories Limited, a unique medical service institution popularly known as ‘Madhavbaug’ that treats chronic ailments like cardiac disease, diabetes, hypertension and obesity with the distinctive outlook of amalgamating technology with traditional healing of Ayurveda has filed its draft red herring prospectus (DRHP) and has received in principle, … Read more
GPT Healthcare, which owns and manages hospitals under the ILS Hospitals brand, has received permission from the Securities and Exchange Board of India (Sebi) to begin its initial public offering (IPO). According to the draught red herring prospectus, the initial public offering (IPO) will include a fresh issue of equity shares worth Rs 17.5 crore … Read more
RateGain, a travel and hospitality software-as-a-service (SaaS) startup, launched an Initial Public Offering (IPO) today to collect Rs 1,336 crore. The price range for each share has been set at Rs 405 to Rs 425. The company announced that it has raised Rs 598.83 crore from 34 high-profile investors ahead of the public subscription opening. … Read more
According to papers with the Securities and Exchange Board of India (SEBI), logistics unicorn Delhivery has filed for an initial public offering (IPO) to generate up to Rs 7,400 crore. Delhivery is the latest Indian startup to go public, capitalising on investor interest in technology-driven firms. Founded in 2011, Delhivery has established itself as the … Read more
