Friday, November 8, 2024

Growth

Day 2: Swiggy’s IPO continues to receive lukewarm response with only 35% subscription

Growth
Swiggy's INR 11,324 crore IPO saw a slow response on the second day persistently, with only 35% of the shares being subscribed. Bombay Stock Exchange (BSE) data shows that investors bid for 5.57 crore shares out...

India’s Textile Industry to see 6-8% growth in FY25 driven by US demand

Growth
India's home textiles industry is likely to see revenue growth of 6-8% for the fiscal year, with significant expansion coming from the domestic market and resilient demand from key export destinations, particularly the US, according to...

Swiggy’s IPO receives 11% subscription on opening day, sluggish start

Growth
Swiggy's initial public offering (IPO) had a slow start on November 6, the first day of bidding, with only 11% of the shares...

Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares

Growth
Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The...

Arya.ag secures $19.8 Mn from US DFC, aims debt support for Aryatech

Growth
Agritech startup Arya.ag has received a $19.8 Mn (INR 166.4 Cr) commitment from US International Development Finance Corporation (DFC) to provide a debt facility...

Bikaji shares surge 10% following 15% profit boost in Q2 FY25

Food & Beverage
Bikaji Foods International's share price jumped 9.82% to INR 918 per share on the Bombay Stock Exchange (BSE) in Friday's intraday trades after the...

OYO restructures leadership in key verticals to accelerate global growth

Hospitality
OYO, the hospitality unicorn, is shaking up its top leadership by promoting five executives in technology, product, strategy, operations, and distribution. First off, Sonal Sinha...

Unilever exits Russia, sells operations and factories for unrevealed Sum

International
UK consumer goods giant Unilever announced on Thursday, October 16 that it sold its Russian business to Arnest Group, a local producer of perfume,...

UPI Transactions Soar 52% to 78.97 Billion in H1 2024, value hits INR 116.63 lac cr – Report

Finance & Operations
India's digital payment system saw remarkable growth in the first half of 2024. Transactions using Unified Payments Interface (UPI) surged 52% to 78.97 billion,...

Evenflow strengthens Quick Commerce, D2C and supply chain verticals with new heads

D2C
Evenflow Brands, an e-commerce growth company has hired four experienced leaders. These executives, formerly from Uber, bring expertise in key areas that are business,...

Beauté Secrets receives INR 1.6 crore from Velocity ahead of festive season

Fashion
Beauté Secrets, a beauty tools brand from Gurgaon, received INR 1.6 crore from Velocity, backed by Peter Thiel's Valar Ventures. Just in time for...

5 best practices of cash flow management for your restaurant business

Finance & Operations
Cash flow management is one of the most critical aspects of running a successful restaurant business. With high overhead costs, fluctuating revenue streams, and...

The Ultimate Guide to Affiliate Marketing for your Food Business  

Business
In the fast-moving world of Instagram and social media, every brand is in a race to win that next customer. Speed will play a...

Coke India Teams Up with Adani for Omnichannel SaaS!

Finance & Operations
Coca-Cola India has joined forces with Adani Digital Labs, a division of the Adani Group, to optimize the reach of its products to consumers...
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