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SoftBank-backed Unicommerce to float IPO on Aug 6

The initial share sale will conclude on August 8 and the bidding for anchor investors will open for a day on August 5, according to the Red Herring Prospectus (RHP)New Delhi: SoftBank-backed SaaS platform Unicommerce eSolutions Ltd will launch its...

Meesho delists 2 lakh products after quality check; to reduce visibility of low-rated items

The e-commerce firm largely focuses on small sellers that mostly sell unbranded products on the platformNew Delhi: Softbank-backed Meesho on Tuesday said it has delisted nearly 2 lakh products from its e-commerce platform in the last quarter after quality...

Ratan Tata to divest all shares in FirstCry IPO

Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel platform FirstCry, in the upcoming IPONew Delhi: Veteran industrialist and former Tata Group Chairman Ratan Tata is looking to sell all 77,900 shares...

Success driven : Bhavish Aggarwal and the evolution of Ola Cabs

The co-founder of the Indian mobility platform Ola, currently possesses an astonishing net worth of around Rs 11,700 croresBhavish Aggarwal, co-founder of the Indian mobility platform Ola, embarked on a remarkable business journey that exemplifies determination, innovation, and pursuit...

Inside Snapdeal 2.0: Unboxing the former e-comm star’s comeback plan

Himanshu Chakrawarti, CEO of Snapdeal, reveals how the e-commerce platform is quietly working on fulfilling the value lifestyle aspirations of 64% of Indians residing in Bharat, in its new avatar. But will its latest pivot work, is the million-dollar...

Softbank sells 1.16% stake in Zomato for Rs 947 crore

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947...

Unicommerce records 50% revenue growth in FY’23

The company has achieved an annual run rate of processing over 600 million transactions amounting to over $7 billion in annual gross merchandise valueNew Delhi: Softbank-backed Saas platform Unicommerce has registered a 50 percent growth in revenue driven by...

Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

Softbank's arm SVF Doorbell (Cayman) divested 3.8% of its stake in supply chain company Delhivery for Rs 954 croreNew Delhi: Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company...

RIL Group deals account for 45 pc of US$ 26.3 bn PE-VC investments

The US$ 12.1 billion invested by global private equity and sovereign wealth funds in Reliance Industries' Jio Platforms (US$ 9.9 billion) and Reliance Retail (US$ 2.3 billion) accounted for 45 percent of the total PE-VC investment value in 2020,...

Milkbasket plans to launch IPO next year

Daily grocery delivery platform Milkbasket has advanced its plan to launch an initial public offering by the second half of next year, buoyed by strong growth in business in recent months amid the pandemic, a top company executive said. Speaking...
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Ice cream boutique Gold by ICW opens new outlet in Juhu

The boutique features its signature creations such as the 24K gold leaf ice cream, artisanal sorbets, and sundaesBengaluru: Luxury...
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