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
