MUMBAI: Electric scooter startup Ola Electric‘s Rs 6,146-crore IPO – biggest this year – is set to to open on Aug 2. This will be the first IPO by an auto company since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.The bidding for the IPO will start on Aug 2 and end on Aug…
New Delhi: D2C luggage brand Nasher Miles has raised USD 4 million in a bridge round, at a valuation of $30 million, the company said in a press release on Thursday. The company’s pre-money valuation of USD 25.32 million represents a modest 5.5 per cent premium over its Shark Tank valuation. The bridge round saw…
NEW DELHI: Hospitality startup Oyo, is looking to raise approximately Rs 1,000 crore ($120 million) in fresh round of funding, primarily from the family offices of prominent Indian corporate executives and stock market experts, as reported by The Economic Times citing people aware of the development.The startup valuation will plummet by 72% from $9 billion…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said. To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of…
MUMBAI: Shapoorji Pallonji Group‘s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at least a decade. The company, which the construction-to real-estate group acquired from ICICI Bank in the early 2000s, hopes to raise Rs 7,000 crore from…
Reddit Inc. shares soared 48% above their initial public offering price, as investors embraced the social media company’s vision of profiting from the growth of artificial intelligence.The San Francisco-based company’s stock closed at $50.44 each on Thursday in New York, a day after the company and some of its shareholders raised $748 million in an…
