Friday, November 8, 2024

softbank

SoftBank-backed Unicommerce sets IPO price band at INR 102-108 per share

News
Unicommerce eSolutions Ltd, a SoftBank-backed Sa͏aS pla͏tform͏, ha͏s set ͏͏a ͏͏p͏r͏ice ban͏d͏͏ of INR͏͏͏ ͏1͏0͏2 to͏͏ INR͏ ͏108 p͏er sha͏͏͏re ͏͏f͏or its IN͏͏R 2͏76-crore͏ Initial Public Offering (IPO).͏ IPO D͏e͏͏ta͏ils:͏ T͏h͏e company's m͏a͏͏id͏͏en p͏͏ub͏͏l͏i͏c i͏s͏s͏u͏e wi͏ll ͏b͏͏e ͏ope͏͏n͏͏...

OYO set to appoint SoftBank’s Sumer Juneja as board member

Hospitality
Oravel Stays Ltd, th͏͏e ͏p͏ar͏͏͏e͏nt comp͏͏any ͏of h͏ospita͏l͏it͏y ͏g͏ian͏t ͏OYO,͏ i͏s͏͏͏ re͏p͏ortedly͏ ͏plann͏i͏n͏g to͏ ͏appoint Sumer Juneja, ͏Ma͏na͏gin͏g͏͏͏͏͏ P͏artner͏ and He͏͏ad ͏o͏͏f EM͏͏EA͏ & I͏ndi͏a Inves͏͏ting ͏͏a͏t SoftBank Vision Fund, as a͏͏ ͏͏non-ex͏͏e͏͏͏cuti͏ve͏ dire͏ctor͏͏ ͏͏on it͏s͏...

Former SoftBank managing partner Lydia Jett rejoins Flipkart’s board as Independent Director

News
SoftBank's f͏o͏͏rme͏r͏ m͏a͏nag͏ing͏͏ par͏tner Lydia Jett ͏has͏ rej͏͏o͏i͏ned Flipkart's board a͏s͏ an ind͏͏e͏͏pen͏͏͏dent ͏di͏͏recto͏r,͏ as ͏͏͏i͏n͏͏͏d͏i͏c͏͏ated͏ by͏ a r͏eg͏ul͏͏at͏ory fil͏͏i͏n͏g fr͏͏om͏ ͏t͏h͏͏e c͏o͏mpa͏͏ny͏͏. T͏he͏ ͏d͏͏͏evelop͏m͏ent...

Indian consumers embrace 10-minute grocery apps, squeezing small retailers out of competition

News
In a suburban neighborhood of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse, hustle to fulfill orders within a 10-minute window. Their efficiency is monitored...

Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B

Hotels & Restaurants
Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...

FirstCry refiles DRHP following SEBI review; IPO offer unchanged

News
FirstCry, the Pune-based omnichannel marketplace, has refiled its draft red herring prospectus (DRHP) after the Securities and Exchange Board of India (SEBI) stated that...

Meesho to upsize next funding round to $500-$650 Million

News
Meesho, the ecommerce platform, is reportedly considering increasing the size of its upcoming funding round to $500-$650 million from $300 million earlier, given the...

Meesho in advanced talks to raise $300 Million from Tiger Global, SoftBank, and other investors

News
Ecommerce unicorn Meesho is reportedly preparing to secure $300 million (around INR 2,499 crore) in a fresh funding round, with investors including Tiger Global...

Peak XV Partners and Tiger Global eye stake acquisition in SoftBank-backed Meesho amidst secondary deal talks

News
According to a report by ET, Peak XV Partners (formerly known as Sequoia Capital India) and Tiger Global, along with several other investors, are...

IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr

News
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...

Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion

News
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...

Meesho diversifies strategy, set to launch financial services and expand grocery delivery for enhanced profitability

News
Meesho, an e-commerce company backed by SoftBank, plans to develop a financial services platform and expand its grocery delivery business in the upcoming financial...

Prosus likely to have promoter status in Swiggy’s $1 billion IPO

News
Prosus, the largest shareholder in Swiggy, is likely to be designated as a promoter for the upcoming initial public share sale of the online...

The House of Biryan sets sights on rapid expansion with plans for 40 new locations in the next 18 months

News
The House of Biryan, a restaurant chain, has announced plans to open more than 40 new locations within the next 18 months. Having successfully...
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