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OYO expects EBITDA to cross INR 2,000 Cr in FY26 with Motel 6 acquisition
OYO, the IPO-bound travel tech platform, expects its EBITDA to hit INR 2,000 crore in 2025-26, largely driven by the American budget hotel chain...
FirstCry parent Brainbees Solutions rated ‘Overweight’ by Morgan Stanley with PT of INR 818; BofA follows with ‘Buy’
A month after a stellar debut on the public market, Brainbees Solutions, the company behind the kids-focused omnichannel brand FirstCry, h͏as ͏r͏eceived an͏ ‘ove͏rwe͏ight’...
Wai Wai maker CG Corp to launch pre-IPO fundraising for Indian unit in early 2025
CG Corp Global, the Nepalese conglomerate behind the popular Wai Wai instant noodles,͏ is͏ plan͏ning a pre͏-listin͏g f͏undraising for its͏ India͏ unit͏ in early...
After Amitabh Bachchan, Madhuri Dixit acquires stake in IPO-bound Swiggy
Actor Madhuri Dixit is now the second Indian celebrity, following Amitabh Bachchan, to acquire a minority stake in the IPO-bound foodtech giant Swiggy.͏I͏nv͏e͏s͏͏tm͏ent͏͏ ͏͏D͏͏͏eta͏i͏l͏s͏:͏...
Swiggy likely to have lower public market valuation than Zomato: Elara Capital
Brokerage firm Elara Capital anticipates that Swiggy will have a lower valuation than its competitor Zomato when it goes public. This expectation arises from...
Swiggy launches ‘Project Next’ to boost career growth for delivery partners and expand restaurant network
Continuing its expansion, foodtech giant Swiggy has launched Project Next, an initiative designed to offer career growth opportunities for its delivery partners and accelerate...
Modern Insulators acquires INR 5 Cr worth of Swiggy shares ahead of IPO
Modern Insulators, a listed manufacturer of porcelain insulators, is making a long-term investment of nearly INR 5 crore in Swiggy as the foodtech giant...
Quick commerce players ramp up 24×7 deliveries to meet festive season demand
Quick commerce platforms are ramping up their 24x7 delivery services for the festive season to meet consumer demand around the clock, executives said. This...
Swiggy rolls out ‘Cafe’ to deliver snacks and beverages within 15 minutes
Following Zepto's lead, IPO-bound food delivery giant Swiggy has introduced 'Cafe,' offering snacks and beverages with a 15-minute delivery window.The service is currently available...
PN Gadgil Jewellers’ IPO fully subscribed on first day with 2x subscription
The initial public offering of jewellery retail chain PN Gadgil Jewellers Ltd was fully subscribed within hours of opening for bids on Tuesday, closing...
Burma Burma eyes IPO by 2027, plans to triple footprint and reach INR 300 Crore revenue
Vegetarian Burmese restaurant chain Burma Burma aims to go public with an IPO within the next three years, according to co-founders Chirag Chhajer and...
OYO turns profitable in FY24 with INR 229 Cr PAT, cutting employee costs by half
IPO-bound OYO turned profitable in the financial year 2023-24 (FY24) as it streamlined expenses and reduced employee costs. The unicorn reported a net profit...