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Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

TMT

11 June, 2024

Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom

In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 ......

Temasek, Fidelity bet $200 mn on Lenskart in secondary deal

Consumer

03 June, 2024

Temasek, Fidelity bet $200 mn on Lenskart in secondary deal

Singapore state investment firm Temasek and American asset manager Fidelity Management and Research Company have invested $200 million (about Rs ......

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Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm

General

03 June, 2024

Grapevine: Ola Electric to cut jobs; Softbank may offload more stake in Paytm

Ola Electric is set to lay off 400-500 employees in the coming weeks as founder Bhavish Aggarwal intensifies efforts to ......

Oyo makes U-turn on IPO plans again, Ixigo gets SEBI nod to list

TMT

22 May, 2024

Oyo makes U-turn on IPO plans again, Ixigo gets SEBI nod to list

Softbank-backed Oyo, operated by Oravel Stays Ltd, has withdrawn its preliminary IPO documents again, causing delay in its plans to ......

SoftBank posts profit for second straight quarter but remains in red for full year

Finance

13 May, 2024

SoftBank posts profit for second straight quarter but remains in red for full year

Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year, it said on ......

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Grapevine: Blackstone, Temasek, Bain eye Haldiram; SoftBank may double down on Icertis

General

08 May, 2024

Grapevine: Blackstone, Temasek, Bain eye Haldiram; SoftBank may double down on Icertis

Private equity giants Blackstone, Temasek Holdings, and Bain Capital are weighing the acquisition of a controlling stake in Haldiram Snacks Food Pvt Ltd (HSFPL), a media ......

Softbank, TPG-backed FirstCry refiles IPO papers

Consumer

06 May, 2024

Softbank, TPG-backed FirstCry refiles IPO papers

Brainbees Solutions Ltd, the parent company of baby products retailer FirstCry, has refiled its draft red herring prospectus (DRHP) with ......

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Grapevine: CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts

General

30 April, 2024

Grapevine: CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts

CX Partners, a mid-market private equity firm, has started the process to divest its majority stake in Veeda Clinical Research, an ......

SoftBank, TPG-backed FirstCry set to withdraw IPO papers after SEBI scrutiny

TMT

25 April, 2024

SoftBank, TPG-backed FirstCry set to withdraw IPO papers after SEBI scrutiny

Indian retailer FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next ......

SoftBank, Prosus-backed Swiggy gets shareholder nod for $1.25 bn IPO

TMT

25 April, 2024

SoftBank, Prosus-backed Swiggy gets shareholder nod for $1.25 bn IPO

Indian food and grocery delivery startup Swiggy has received approval from its shareholders for a $1.25 billion initial public offering, ......

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