BUSINESS
Oyo IPO: Filing of 'DRHP' illegal, Zostel tells SEBI; Oyo calls it overreach of HC proceedings
In the 98-page long complaint, Zo has mentioned that the IPO is non-maintainable as Oyo's parent firm Oravel’s capital structure is not final.
BUSINESS
Zomato's Deepinder Goyal: There is a lot of post-IPO pressure
In its last funding round before the IPO, Zomato was valued at $5.4 billion.
BUSINESS
Want to list in 2023 at $10 billion valuation: Good Glamm's Darpan Sanghvi
"Today D2C beauty brands like us are growing and have this amazing opportunity because of all the hard work that Nykaa did over the last 5-7 years ensuring that consumers buy beauty online," says Sanghvi.
BUSINESS
With 10x growth for BNPL products during sales, fintechs gear up for a bumper festive season
Fintechs are hoping for a growth of anywhere between 50 and 150 percent in the usage of buy now, pay later products by customers for festive season purchases. Tier-II and III cities are driving demand across ticket sizes.
BUSINESS
Zo to lodge complaint with SEBI against Oyo IPO as Delhi HC adjourns hearing to October 21
Oyo has in the past condemned Zostel's claims calling them "baseless" and alleging forum hunting at a time when the company is headed for an initial public offering.
BUSINESS
Zo Rooms to invoke ICDR regulations while filing complaint in SEBI, Oyo alleges forum shopping
In an interaction with Moneycontrol, the legal counsel of Zo Rooms for the first time confirmed that the company will file the complaint after the Delhi High Court hears their ongoing dispute.
BUSINESS
Rising demand from small towns driving festive sales, say ecommerce firms
Grooming, mobile protection, home furnishing, household and women ethnic contemporary categories stood out as Top categories for marketplace sellers.
BUSINESS
Decoding Oyo's IPO documents in five charts
The IPO comprises 83 percent of fresh issue worth Rs 7,000 crore and 17 percent offer for sale worth Rs 1,430 crore.
BUSINESS
OYO's losses shrink to Rs 3,929 crore during FY21
OYO last published its annual result in 2019 when its loss stood at Rs 2,525 crore and total income Rs 6,518 crore.
BUSINESS
Most customers will make festive purchases from places offering home delivery: LocalCircles
This festive season, 52% of households that will shop are likely to do so by ordering online and via local stores for home delivery.
BUSINESS
Oyo files draft papers for $1.2 billion public offering
The company which was last valued at $9 billion is targeting a valuation of around $12-14 billion through this IPO.
BUSINESS
Innoven Capital announces first close of new fund at Rs 740 crore
The fund has a target corpus of Rs 1,000 crore with a greenshoe option to raise an additional Rs 1,000 crore.
BUSINESS
No intention of stopping Oyo's IPO, just want our shares preserved: Zo Rooms; court adjourns hearing to Oct 7
The issues between the two companies date back to 2015 when Zo Rooms, the budget hotel accommodation chain owned by Zostel Hospitality, was shut down after the merger talks between the two, which could have resulted in Zo Rooms getting a seven percent stake in Oyo, failed.
BUSINESS
IPO: Zo asks Delhi High Court to protect its rights; Oyo alleges forum shopping
The issues between the two companies date back to 2015 when Zo Rooms, the budget hotel accommodation chain owned by Zostel Hospitality, was shut down after merger talks between the two companies failed.
BUSINESS
Interview | Saurabh Kumar wants to create a Grofers in the online retail space
Saurabh Kumar believes that the e-commerce sector will continue to reshape and see more disruption as the current ecosystem cannot keep up with customer expectations.
BUSINESS
Exclusive: Grofers' Saurabh Kumar launches e-commerce firm Warpli; to compete with Amazon, Flipkart
Kumar has launched his new venture called Warpli, a full fledged online marketplace which will compete with incumbents such as Amazon and Flipkart in the hyper competitive market.
BUSINESS
Fear of competition in pandemic-struck market forces Amazon, Flipkart to launch festive sale during Shradh
For the first time ever, the two companies have gone back to drawing boards to revise their announced dates fearing early competition from the rival.
BUSINESS
OYO IPO to have $300 million secondary component, Ritesh Agarwal unlikely to offload
OYO founder Ritesh Agarwal has over 30 percent stake in the company.
BUSINESS
'Amazon Great Indian Festival' to begin on Oct 4
More than 78% of the surveyed Amazon sellers expect to reach out to new customers, 71% mentioned an increase in their sales and 71% mentioned a recovery in their business as their top expectations from the festive season.
BUSINESS
Exclusive: Shailaz Nag-led DotPe acquires POS startup Rista
Founded in 2015 by Srini Vasan, Rista already has over 1,200 merchants and offers them billing and inventory management solutions.
BUSINESS
E-com companies like Amazon, Flipkart to clock $4.8 billion GMV this festive sale: Redseer
Offline retail and mobility is recovering almost upto pre-COVID-19 levels.
BUSINESS
Softbank-backed OYO may file DRHP next week: Sources
In July Moneycontrol first reported that OYO was aspiring for an IPO by the end of 2021.
BUSINESS
Paid just Rs 52 crore in legal fees in FY 2020, says Amazon
Conventionally legal fees could include litigation charges, consultation fee paid to law firms which have a retainer relationship with companies, and land procurements.
BUSINESS
Wow! Momo raises $15 million from Tree Line Investment
Launched in August 2008, the QSR chain currently has 350 outlets of Wow! Momo and over 50 outlets of Wow! China. The company is planning to set up over 150 stores and 50 cloud kitchens next year.
