BUSINESS
Lahori, a beverage brand, nears Rs 450 crore fundraise from Motilal Oswal, others
While the company was valued at around Rs 700-750 crore in 2022, ongoing negotiations value the company at around Rs 2,500 crore, a source told Moneycontrol.
BUSINESS
Namdhari appoints Sprout Capital to look for buyers for retail arm
Simpli Namdhari's is being valued at Rs 220-250 crore in deal negotiations, sources have said. The company is only looking sell its retail unit and its other businesses such as the seeds vertical continue to scale and expand
BUSINESS
Solv to merge with Jumbotail as the B2B space consolidates
Through the deal, Jumbotail, largely seen as a vertical B2B company, will look to strengthen its horizontal play. A final deal announcement is expected in the coming weeks, sources told Moneycontrol.
BUSINESS
Zepto taps domestic mutual funds for $300 million share sale ahead of IPO
During the course of his meetings, CEO Palicha has told mutual fund houses that Zepto will breakeven on an earnings before interest, taxes, depreciation and amortisation (EBITDA) basis by Q4FY26, a source told Moneycontrol.
BUSINESS
Flipkart’s chief product and technology officer Jeyandran Venugopal quits
Flipkart is looking at internal candidates to fill in the role of CPTO and there are senior vice presidents (SVPs) in the running, people in the know told Moneycontrol.
BUSINESS
Capillary Technologies picks Nomura, IIFL Capital and JM Financial for IPO
Capillary is likely to issue fresh shares worth around Rs 200-300 crore and the remaining Rs 1,200-1,300 crore will be through share sales. The company is likely to list in the second half of the year
BUSINESS
Zetwerk mafia on fundraising spree: Scimplify, CBCatalyst, Sanlayan discuss new rounds
While Scimplify is likely to raise $30 million, Sanlayan is in talks to raise $20 million. CBCatayst is discussing a $1 million deal and Lightspeed is in advanced stages to back a former business head at Zetwerk in a $5 million deal, multiple sources told Moneycontrol.
BUSINESS
Davos 2025: At least 4 companies from Kedaara’s portfolio to go for IPO in next 18-24 months, says chief Manish Kejriwal
While Kejriwal did not take specific names, the IPOs are likely to include new-age companies like eyewear startup Lenskart, beauty e-commerce player Purplle, among others.
BUSINESS
PharmEasy co-founders Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia to leave troubled startup
The founder group cumulatively holds under 2 percent in API Holdings. Each of the five co-founders held between 0.20 percent to 0.30 percent stake in the company, data showed.
BUSINESS
Swish, a 10-min food delivery startup, settles for smaller fundraise even as market heats up
Large players toying with the idea of rapid food delivery and tasting initial success will give these well-funded companies an edge over the others which essentially means the smaller startups, that do not have deep pockets or large investor backing, will tend to lose out.
BUSINESS
Milky Mist kicks off IPO process: JM Financial, IIFL Capital Services and Axis Capital running mandate
Milky Mist is aiming to raise around Rs 2,000 crore (around $235 million) through its IPO, slated for later this year, sources told Moneycontrol.
BUSINESS
Fintech firm Scapia in talks to raise Rs 340 crore in fresh funding from Peak XV Partners, others
Scapia is commanding a valuation of around Rs 1,250-1,500 crore, slightly higher than Rs 800-850 crore previously, a source told Moneycontrol.
BUSINESS
Swiggy launching a new app is not a new strategy, says chief Sriharsha Majety on Instamart, Snacc launch
Along with Snacc and Instamart, more apps like Pyng, a Justdial-like offering, and a separate one for Rare, a membership programme by Swiggy, are also in the works, sources told Moneycontrol.
BUSINESS
Swiggy to launch Instamart as separate app, eyes multi-app strategy on quick commerce boom
To be sure, Instamart will continue to be present on the main Swiggy app.This approach mirrors strategies adopted by Chinese internet giants like Meituan and Alibaba, which combine a unified app with a suite of standalone apps tailored to specific use cases.
BUSINESS
Lenskart calls on bankers for $1 billion IPO pitch
While Lenskart was profitable in the past, it incurred a loss of Rs 10 crore on the back of Rs 5,427-crore revenue in FY24, filings showed
BUSINESS
Dunzo’s Kabeer Biswas to head Flipkart Minutes
Biswas heading Flipkart Minutes is to give the Walmart-owned company an edge over other quick commerce majors as he has cut his professional teeth in the sector for over a decade, even before rapid delivery emerged as a hot sector only a few months ago.
BUSINESS
Swiggy launches a new app SNACC to deliver food in 15 minutes as competition heats up
The company has so far housed all its offerings, food delivery, quick commerce, hyperlocal delivery, dining out, under one main app.
BUSINESS
Dunzo's Kabeer Biswas may join Flipkart Minutes to lead operations
If talks go through, Biswas heading Flipkart Minutes is likely to give the Walmart-owned company an edge over other quick commerce majors as he has cut his professional teeth in the sector for over a decade, even before rapid delivery emerged as a hot sector only a few months ago.
BUSINESS
Hindustan Unilever in talks to acquire skincare startup Minimalist for Rs 3,000 crore
HUL is discussing a deal with Minimalist around three years after the company raised Rs 110 crore ($15 million) from Unilever Ventures, the venture investing arm of Unilever.
BUSINESS
Former Omidyar Network executives set up Prana Ventures, a new VC firm
The firm will focus on early-stage investments in sectors such as Financial Inclusion, Education, Climate, Agriculture, Healthcare, MSMEs and other sectors that target the bottom 60% of India’s income pyramid.
BUSINESS
End of an era: Dunzo co-founder Kabeer Biswas to quit
Dunzo was in talks with BigBasket, Swiggy among others for a strategic investment earlier. While it pioneered the hyperlocal commerce space, excessive cash burn and a competitive market took a toll.
BUSINESS
Zepto streamlines structure ahead of IPO with new marketplace entity
The company registered Zepto Marketplace Private Limited on October 22, 2024, in a move that will align its business structure with that of publicly listed rivals such as Swiggy Instamart and Blinkit, sources told Moneycontrol.
BUSINESS
Zepto VP Jitendra Bagga quits in second high-level departure
Prior to joining Zepto in April this year, Bagga had spent three years at Raymond Limited and 24-and-a-half years at Reliance Retail. He is based in Mumbai, and relocating to Bengaluru was a challenge, which was likely a key reason behind his departure.
TECHNOLOGY
Quick bites, quicker deliveries: The 15-minute food-delivery revolution is here to stay
India's increasing GDP per capita, urbanisation and digitisation are the key drivers behind adoption of up to 15-minute food deliveries among consumers, according to analysts. However, investors are at odds with analysts about the perception that competition in the food delivery space is unlikely to heat up.
