Bajaj Housing Finance Grew By 135%: Hold Now or Wait?
Bajaj Housing Finance has become the fourth-best listing in 2024, falling behind Unicommerce e-solutions, Premier Energies, and BLS E-Services. Soon after listing, the prices of the shares rallied at 114% premium to its IPO price and eventually closed at a price of ₹165. Moreover, according to Brokerage firm PhillipCapital, the prices may go upto ₹210,…
Zepto’s $1 Billion Boost: Quick Commerce is Taking Off!
Quick commerce in India continues to rise, with Zepto becoming the fastest-growing startup in the segment. Zepto raised nearly $1 billion in the last two months, with $665 million in June for a valuation of $3.6 billion and $340 million this month for a valuation of $5 billion. According to sources, Zepto was planning to…
Swiggy’s Major Pre-IPO Development: What’s the Big News?
Swiggy, one of the leading companies in the food and grocery space, has declared one of the biggest ESOP (Employee Stock Option Plan)liquidity programs to date. The company has announced that it will offer ESOP liquidity to more than 2,000 employees across all departments and levels before launching its IPO. This program allows employees to…
Suhail Sameer To Step Down As BharatPe CEO
After Vijay Aggarwal, Rajat Jain, and Nehul Malhotra, now Suhail Sammer is reportedly stepping down. These three senior executives left the company last year to pursue their entrepreneurial interests. Suhail Sameer joined BharatPe in 2020 as President. When Grover’s focus shifted to the bank, all the top leaders were asked to report to Sameer. At…
Arvind Agarwal Quits As Nykaa’s Chief Financial Officer
Arvind Agrawal, Chief Financial Officer at Nykaa, the beauty product retailer, resigned from the company. FSN E-commerce Ventures, the parent company of Nykaa, announced this in a regulatory filing on Tuesday. Agarwal is leaving “effective close of business hours on November 25 2022, to pursue other opportunities in the digital economy and start-up space,” the…
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Navi Technologies Gets Approval From SEBI For IPO
Sachin Bansal’s Navi technologies get the nod from the Security and Exchange Board Of India (SEBI) for an Initial Public Offering (IPO), providing the Flipkart co-founder with a boost as he works to create a financial services conglomerate. Navi Technologies is a fintech company that submitted the draft papers to SEBI in March this year…
Tata Technologies Likely To Launch Its IPO Soon
After a long period of 18 years, the IPO of Tata Group is to come out once again. Another subsidiary of this esteemed group is likely to get listed. This time, Tata technologies, a global product engineering and digital services subsidiary of Tata Motors, is going to launch its IPO. The bank has deployed bankers…
LIC IPO| Government Revises Price Band And More
LIC IPO ━ the wait is over as the highest Initial Public Offering is expected to open on May 2. The central government has set the price band for the initial offering of Life Corporation of India at Rs. 902-949 and may offer a discount of Rs 60 to policyholders. On the other hand, retail…
Sachin Bansal’s Navi Technologies Files $400 Million IPO
Sachin Bansal’s Navi Technologies, a fintech startup, has filed for a $400 million IPO, Initial Public Offering. Billionaire Bansal, who also co-founded Flipkart over a decade ago, is the 40-year-old entrepreneur who made his name and money by kick-starting the eCommerce wave in the country, has once again made a bold choice. Founded in 2018,…
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