Bengaluru-based quick-commerce platform Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its proposed $1.25 billion Initial Public Offering (IPO). According to reports from the Economic Times, Swiggy filed draft papers for the IPO using the confidential route back in April.
Following this approval, Swiggy must submit an updated draft red herring prospectus…
Oister Global, a Gurugram-based investment firm, has partnered with Tribe Capital India to launch a new fund focused on secondary market transactions. This fund aims to invest $500 million over the next two years as interest in secondary private market transactions in India continues to rise.
In the past four to five years, India has seen $7.7 billion transacted in the secondary market, according…
The Current IPO Landscape The U.S. IPO market has not rebounded in 2024 as many investors anticipated. Elevated interest rates and uncertainties related to the upcoming U.S. elections have led numerous companies to remain private, hoping for better conditions. Despite this, a few firms, including Ibotta, have successfully gone public this spring.
Ibotta’s Successful IPO Ibotta, an enterprise…
OfBusiness, the B2B marketplace unicorn, is preparing for a significant initial public offering (IPO) valued between $750 million and $1 billion. The company aims to launch the IPO in the second half of 2025 and is in the process of finalizing investment bankers to manage the public issue.
IPO Details and Investment Bankers
OfBusiness CFO Bhavesh Keswani revealed to Reuters that the startup is…
E-commerce giant Meesho has appointed Mohit Rajani as its new Chief Product Officer (CPO). Rajani, who brings a wealth of experience from his previous roles, will lead Meesho’s product organization, overseeing product management, design, and analytics teams. This strategic appointment comes at a pivotal time for Meesho as it continues to scale its operations and refine its product…
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Coca-Cola India’s bottling arm, Hindustan Coca-Cola Beverages (HCCB), is gearing up for a significant transformation as it prepares for an Initial Public Offering (IPO). In a strategic move to capitalize on its growth trajectory and attract prominent investors, Coca-Cola is exploring the sale of a substantial stake in HCCB. This development has drawn interest from notable business…
Mumbai-based Infra.Market, a prominent player in the construction materials and services sector, is preparing for a substantial initial public offering (IPO) that could raise between $500 million and $700 million. The company has shortlisted eight major investment banks to advise on this high-profile public listing, according to sources cited by Moneycontrol.
Key Details of the…
Ola Electric CEO Bhavish Aggarwal has unveiled a significant shift in the company’s sales strategy, revealing that Ola Electric products will now be available through any retail shop across India. This announcement follows the company’s recent integration into the Open Network for Digital Commerce (ONDC) network, which Aggarwal has hailed as the “future of commerce.”
In a move aimed at…
Zepto, the rapidly growing quick commerce company, has successfully raised $340 million in its latest follow-on financing round, propelling its valuation to a remarkable $5 billion. This funding round marks Zepto’s third major capital infusion within the past year, bringing its total capital raised in the last 12 months to over $1 billion.
The company initially aimed to secure $400 million but…
Swiggy, the food delivery giant gearing up for its public markets debut, is reportedly in advanced talks to bring Amitesh Jha, the former Senior Vice President at Flipkart, on board as the new Chief Executive Officer of its rapidly expanding quick commerce segment, Instamart. This move indicates a significant reshuffle within the company’s leadership, with current Instamart head Phani Kishan…
