Friday, November 8, 2024

IPO

RentoMojo sees 3x increase in profit to INR 22 Cr, revenue close to INR 200 Cr for FY24

Business
Online furniture rental startup RentoMojo has nearly reached the INR 200 crore mark in operating revenue for the financial year 2023-24 (FY24),͏͏ driven͏͏ by͏͏ robust͏͏ customer͏͏ demand͏͏ and͏͏ enhanced͏͏ efficiency͏͏ from͏͏ automation. The͏͏ Bengaluru-based͏͏ startup͏͏ recorded͏͏ a͏͏...

ProV Foods aims for 40% growth, targets bigger share of India’s organized dry fruit market

Food & Beverage
ProV Foods, a rising name in India’s dry fruit sector, is setting its sights on substantial growth as the country’s fragmented dry fruit market shifts towards organized and branded products.  Founded in 2015 by DP Jhawar, ProV...

Swiggy’s co-founder Sriharsha Majety, investors cash out INR 670 Cr ahead of IPO

Food & Beverage
Just days before foodtech giant Swiggy submitted its updated draft red herring prospectus (DRHP) to SEBI, founder Sriharsha Majety and some investors offloaded shares...

D2C grooming brand Menhood’s compliance officer Ankita Soni resigns

Leadership
D2C men’s grooming startup Menhood's company secretary and compliance officer, Ankita Soni, has resigned. In͏͏ a͏͏ filing͏͏ with͏͏ NSE͏͏ Emerge,͏͏ the͏͏ D2C͏͏ startup͏͏ announced͏͏ that͏͏...

Zomato allocates INR 330 Cr in stock options to employees through ESOPs

Food & Beverage
Foodtech giant Zomato has granted approximately 12 million stock options through its employee stock option plans (ESOPs). In͏͏ an͏͏ official͏͏ filing͏͏ dated͏͏ October͏͏ 2,͏͏...

IPO-bound Swiggy grants $271 Mn in ESOPs to founders, top executives

Food & Beverage
IPO-bound foodtech giant Swiggy has granted employee stock options valued at $271 million to its founders and top management. This͏͏ move͏͏ is͏͏ part͏͏ of͏͏...

Zomato shares surge 4% as HSBC raises PT to INR 330

Food & Beverage
Zomato shares surged over 4% in early trading today after brokerage HSBC reaffirmed its 'buy' rating, citing the company's lead over Swiggy in growth...

Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Industry
Deepinder Goyal, cofounder and CEO of Zomato, will not be participating in the next season of Shark Tank India, as Swiggy, a competing foodtech...

IPO-bound Swiggy launches EV fleet for bulk orders in Gurgaon

FMCG
As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV...

IPO-bound Swiggy launches 10-minute food delivery service ‘Bolt’

Food Tech
IPO-bound foodtech giant Swiggy has introduced a new service offering quick-to-prepare dishes delivered in 10 minutes. Branded͏͏ as͏͏ Swiggy͏͏ Bolt,͏͏ the͏͏ service͏͏ is͏͏ currently͏͏ active͏͏...

IPO-bound Swiggy pilots concierge service targeting premium customer base

Food Tech
IPO-bound Swiggy has reportedly started testing a premium concierge membership, offering subscribers exclusive access to high-end experiences and events not available to the general...

Karnataka CID takes over investigation of Swiggy’s INR 33 Cr embezzlement case

Food Tech
The Karnataka Crime Investigation Department (CID) has taken over the investigation of a complaint filed by IPO-bound Swiggy, involving a former junior employee who...

IPO-bound Swiggy receives shareholders’ approval to increase fresh issue size to INR 5,000 Cr

Food Tech
IPO-bound Swiggy has reportedly gained shareholder approval to increase the size of its fresh issue in its initial public offering to INR 5,000 Cr,...

Invesco raises Swiggy valuation by nearly 25% to $13.3 Bn ahead of IPO

Food Tech
US-based asset manager Invesco has raised the valuation of foodtech giant Swiggy to $13.3 billion,,͏͏ reflecting͏͏ a͏͏ nearly͏͏ 25%͏͏ jump͏͏ from͏͏ the͏͏ investor's͏͏ last͏͏...
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