IPO

Suhail Sameer To Step Down As BharatPe CEO

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 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 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

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

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| 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 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,…

LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever

LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever

The market regulator has approved the much-awaited IPO of 2022. According to the sources, SEBI has issued an observation letter. LIC had filed it’s Draft Red Herring Prospectus (DRHP) with SEBI in February. As per DRHP, the issue would be an offer to sell 31,62,49,885 (31.62 crores) equity shares by the government, which holds a…

LIC IPO: Key Things To Know About The Highest IPO In India

LIC IPO: Key Things To Know About The Highest IPO In India

LIC, Life Corporation of India, the country’s largest and most reliable issuance company, is to shake the stock market with the highest IPO, Initial Public Offering, to raise up to 65,000 crores, making it the biggest listed financial service provider after HDFC bank.  The government plans to sell 5% of its stake in the IPO,…

Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco

Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco

Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources.   Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…

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