unicorn
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 of INR 229.5 crore, reversing the net loss of INR 1,286.5 crore...
Unicommerce, a recently listed SaaS unicorn, saw its profit after tax (PAT) surge 31% year-on-year to INR 3.51 crore in Q1 FY25, up from INR 2.68 crore in the same quarter last year, driven by enhanced...
Breaking News
Quick commerce unicorn Zepto elevates Devendra Meel to chief business officer
Just days after ͏se͏curing $665 ͏millio͏n in funding at a valuation of $3.6 bil͏lion, quick commerce unicorn Zepto ha͏s pr͏͏omoted͏ ͏͏Devendra Meel, se͏nior vice...
Meat retailer Licious plans major offline expansion, targets 500 stores across top cities
Licious, the fresh meat and seafood delivery unicorn, is shifting͏ its focus from online͏ to͏ offline operations, with plans t͏o open 500 phys͏ical stores...
Eyewear unicorn Lenskart secures $200 Mn investment from Temasek and Fidelity
Temasek, the Singaporean state investment firm, along with US-based Fidelity, has infused $200 million into Lenskart, the omnichannel eyewear unicorn.This investment also signifies Temasek's...
Jewellery retailer Bluestone on track to become unicorn in pre-IPO funding round
Bluestone, an omnichannel jewellery retailer, is in talks to raise around $100 million in a pre-IPO round, likely valuing the company at more than...
Licious appoints Karishma Gupta as CFO, targets profitability ahead of IPO
Licious, the fresh meat and seafood delivery unicorn, is ramping up its talent acquisition efforts as it aims for profitability and prepares for an...
Citi Research bullish on Mamaearth, projects 24% upside potential with ‘buy’ rating
Brokerage firm Citi Research has started covering Honasa Consumer Ltd, the parent company of D2C unicorn Mamaearth, giving it a ‘buy’ rating. The firm...
Quick-commerce unicorn Zepto launches Zepto Pass membership program
Zepto, the quick-commerce unicorn, is experimenting with a membership program called Zepto Pass.Priced at INR 99 per month, the membership offers unlimited free deliveries...
OYO executives hold talks with SEBI to expedite IPO approval process
According to reports, the lead bankers and senior executives of hospitality unicorn OYO have met with officials from the Securities and Exchange Board of...
Quick-commerce unicorn Zepto considers reverse flip to India, targets IPO in 2026
In a strategic move, Nexus-backed Zepto is actively considering a reverse flip to India. According to sources close to the company, Zepto aims to...
Foodtech giant Zomato makes strategic bid for Shiprocket, valuing logistics unicorn at $2 Billion
Zomato, a prominent player in the foodtech industry, is said to have extended an acquisition proposal to Shiprocket, a unicorn in the field of...
Mamaearth’s IPO sees surge in subscriptions, reaches 0.7X on day 2
On the second day of Mamaearth's initial public offering (IPO), the direct-to-consumer (D2C) unicorn saw an increased interest from investors as its public issue...
Mamaearth IPO receives lukewarm response, subscribed 0.13 times on day one
Mamaearth, the D2C unicorn, experienced a tepid response to its initial public offering (IPO) on the first day, as the issue was subscribed only...
