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Swiggy investor keeps valuation unchanged ahead of IPO as Zomato retains rich tag

TMT

16 July, 2024

Swiggy investor keeps valuation unchanged ahead of IPO as Zomato retains rich tag

Food delivery firm Swiggy, which is set to file for a potential public offering after re-entering the decacorn club of startups earlier this ......

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Barring Byju's write-off, how Prosus' India portfolio fared in FY24

General

26 June, 2024

Barring Byju's write-off, how Prosus' India portfolio fared in FY24

Global technology investor Prosus recently wrote off one of its largest bets ever in beleaguered education company Byju’s, marking a ......

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Grapevine: Everstone to merge two portfolio firms; Carraro Group's India unit mulls IPO

General

25 June, 2024

Grapevine: Everstone to merge two portfolio firms; Carraro Group's India unit mulls IPO

Everstone Capital is set to merge two of its healthcare portfolio companies, Translumina Therapeutics and Everlife Holdings, in preparation for an ......

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

TMT

11 June, 2024

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 ......

SoftBank, Prosus-backed Swiggy gets shareholder nod for $1.25 bn IPO

TMT

25 April, 2024

SoftBank, Prosus-backed Swiggy gets shareholder nod for $1.25 bn IPO

Indian food and grocery delivery startup Swiggy has received approval from its shareholders for a $1.25 billion initial public offering, ......

Consumer goods firms gear up to cash in on a sizzling summer

Consumer

15 April, 2024

Consumer goods firms gear up to cash in on a sizzling summer

Indian consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a ......

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Grapevine: Tesla, RIL in talks for EV plant; PremjiInvest may bet on Canva

General

10 April, 2024

Grapevine: Tesla, RIL in talks for EV plant; PremjiInvest may bet on Canva

Billionaire Elon Musk-led Tesla is in talks with Reliance Industries Ltd (RIL) to establish a joint venture for manufacturing electric ......

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How India's top-funded startups curbed cash burn as VC funding slowed

TMT

09 April, 2024

How India's top-funded startups curbed cash burn as VC funding slowed

India’s top-funded startups reduced their average monthly cash burn rate in the financial year ended March 2023, as they reined ......

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Indian startups' income from VC cash lying in bank deposits, mutual funds jumps again

TMT

03 April, 2024

Indian startups' income from VC cash lying in bank deposits, mutual funds jumps again

India’s top technology startups generated high non-operating revenue for the second year in a row during the 12 months through ......

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India's top-funded tech startups reined in FY23 losses as revenue growth slowed

TMT

29 March, 2024

India's top-funded tech startups reined in FY23 losses as revenue growth slowed

India's top-funded technology startups, which went overboard with expenses to attract talent and customers in 2021-22 thanks to record venture ......