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Two and a half years after shelving its IPO plans, the e-commerce firm founded by Kunal Bahl and Rohit Bansal is making a fresh attempt to go public — this time via Sebi’s confidential filing route
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Bahl's early-stage investment fund Titan Capital has backed SaaS firms like CloudFiles, ClickPost, Invideo and Yellow.AI.
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The company says it has responded to the ministry's queries and has no Chinese investor now
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Snapdeal-backed Unicommerce will open its initial public offer's (IPO) anchor book on August 5 and will list on bourses on August 13th.
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SEBI has increased scrutiny of IPO-bound companies, resulting in several instances where it has asked companies to reclassify members of promoter groups as promoters or asked investors holding concentrated bets to classify themselves as promoters.
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So far, Titan Capital has only invested Snapdeal founders Kunal Bahl and Rohit Bansal's personal money through its existing Seed fund.
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The change in strategy has helped the firm boost its revenue and in H1 of FY24, it reported an annual recurring revenue of Rs 103.74 crore
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Kunal Bahl said irrespective of whether we are fluent in English or not, we should feel absolute confidence in speaking our mother tongue in business settings just like we do in social settings.
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Kunal Bahl, co-founder of Snapdeal, narrated his heartwarming experience with the Gujarat Police while he was on his way back from the Vibrant Gujarat Global Summit - 2024. His post, on X, has gone viral.
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Snapdeal, B2 Capital Partners and SB Investment Holdings are the entities that will participate in the offer for sale
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Kohli, formerly MD and CEO of Bharti Airtel, has been expanding his scope of work and was also appointed to the board of beer company, Bira91, recently
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The company saw an 86% jump in its free cash flows over the previous fiscal to Rs 14.57 crore in FY23. This helped Unicommerce absorb higher operating costs, which increased from Rs 54.4 crore in FY22 to Rs 84.1 crore in FY23
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Unacademy's Gaurav Munjal and Jupiter's Jitendra Gupta's investment activity fell significantly, keeping them off the list this year. Munjal's investments decreased from 18 to eight this year, while Gupta only made five deals compared to 18 in 2021.
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Sharing the hacks Rohit Bansal used during his early days as an entrepreneur, he said, "While travelling, we noticed that if my wife Parul wears her chooda and mehendi, people assumed that we are a newly-married couple and they upgrade us. So, she started...
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Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups. But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations.
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In the first two years of its existence, the CCPA issued 71 notices for misleading advertisements, 49 for unfair trade practices, and 94 violations of consumer rights.
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From Ola to Housing.com to Flipkart, several startups have found themselves hogging the limelight for controversies and spats involving founders.
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Soumyadip Chatterjee, director, brand marketing, Snapdeal: 80% of Snapdeal's transactions are coming from tier II cities and towns.
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COVID-19: A day before he tested positive, Snapdeal founder Kunal Bahl had tweeted on the spread of the Omicron variant of the virus in the third wave of the pandemic.
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Offers from over 20 companies are expected in the January-March quarter, apart from LIC’s IPO, estimated at Rs 70,000-Rs 1,00,000 crore
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The development comes after India subjected Chinese investments to extra scrutiny last year after their soldiers clashed on the border and New Delhi worried about investors from the neighbour doing opportunistic takeovers during the pandemic.
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Moneycontrol summarises key takeaways from Snapdeal's Draft Red Herring Prospectus
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The proceeds of the public issue will be used towards growth initiatives, expanding logistics capabilities and enhancing the company’s technology infrastructure
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Softbank, along with seven stakeholders, will participate in the OFS for partial exits but none of the two founders will dilute any stake
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The IPO will see Softbank, Snapdeal’s lead investor, reduce its shareholding from 34 percent to 24 percent.
