Jewellery retailer Bluestone is negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments, people aware of the matter said. This pre-IPO (initial public offering) round will be a mix of share sale by early backers and fresh capital infusion that is expected to value the…
Mumbai: Paytm is in advanced stages of discussion to sell its movie and events ticketing business to Zomato as part of the fintech’s strategy to divest its non-core assets, sources aware of the development told TOI. The deal, if finalised, could value the business vertical of Paytm at close to Rs 2,000 crore.In a stock…
As India experiences an extreme heatwave, online food delivery platform Zomato has a special request from its customers. Zomato urged people to only order food in the peak afternoon only when absolutely necessary.“Please avoid ordering during peak afternoon unless absolutely necessary,” Zomato wrote in a post on X. How people reacted on Zomato’s ‘request’ While…
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,…
Zomato CEO Deepinder Goyal has shared interesting insights into the days when he started the food delivery and restaurant aggregator platform. Recalling the days when he planned to launch Zomato, Goyal said his father was skeptical about the startup. “My dad at that time told me, janta hai tera baap kaun hai?” Goyal said at…
Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch. The round was led by Peak XV Partners, formerly Sequoia Capital India, Gupta told…
Indian Space Research Organisation (ISRO) and Chandrayaan-3-themed do-it-yourself space kits, hampers, tees, stationery, backpacks, models of rockets, collectibles and other merchandise are seeing a ten-fold surge in demand on ecommerce platforms and retail shelves after India’s historic moon landing on August 23, executives said. ISRO has tie-ups with 19 merchandise partners for categories such as…
