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Shiprocket raises Rs 305 cr funding led by PayPal Ventures, Bertelsmann India Investments, others LinkedIn E-commerce aggregation platform Shiprocket on Thursday said it has raised $41.3 million (about Rs 305 crore) in Series D1 funding co-led by PayPal Ventures, the corporate VC arm of PayPal. The latest infusion of capital brings Shiprockets total funding to $94.3 million. The New Delhi-based company said that it aims to leverage these funds to fuel product development for both existing and n...

Chandini Monnappa 2 minute read A delivery worker of Zomato, an Indian food-delivery startup, waits to collect an order from a restaurant in New Delhi, India, May 21, 2020. REUTERS/Anushree Fadnavis/File Photo BENGALURU, July 8 (Reuters) - Indian food delivery company Zomatos initial public offering (IPO) is priced at 72 to 76 rupees per share, giving it a valuation of as much as $7.98 billion, the company said on Thursday, as it cashes in on a pandemic-led surge in online ordering. Zomato, bac...

We are not very sure about how profitable Zomatos business model is, but given that there is a frenzy for good names in the IPO market the pricing looks to be pretty decent, says Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services. Edited excerpts from an interview: How should one approach Indian Hotels at this point of time? As things get ironed out on the Covid front, will there be a massive surge in the stock? Indian Hotels management articulated in its investo...

Logistics aggregator platform Shiprocket raises Rs 305 cr ​ By IANS | ​ 6 Views Rupees.. Image Source: IANS News New Delhi, July 8 : E-commerce aggregation platform Shiprocket on Thursday said it has raised $41.3 million (about Rs 305 crore) in Series D1 funding co-led by PayPal Ventures, the corporate VC arm of PayPal. The latest infusion of capital brings Shiprockets total funding to $94.3 million. The New Delhi-based company said that it aims to leverage these funds to fuel product dev...

One97 Communication, parent of the digital payments firm Paytm, is likely to file a draft prospectus with the Securities and Exchange Board of India (Sebi) as early as next week for its much awaited initial public offering (IPO). According to a Reuters report, the draft prospectus may be filed by July 12 for the share float which will raise $2.3 billion. The IPO is likely to be a combination of offer for sale (OFS) and sale of fresh shares. Advertisement EGM on July 12 Incidentally, One97 Commu...

The case According to ICICI Securities, Avenue Supermarts has the highest average free-float market capitalization since the previous review of the Nifty50 in February, which makes it an ideal candidate for inclusion. The stock’s average free float market capitalization was at Rs. 44,237 crore as on Friday. However, there is a major hurdle in Avenue Supermarts inclusion. All stocks included in the Nifty50 must also be part of the derivatives segment, and the D-Mart stock is yet to be included...

Exclusive Zomato IPO details SUBSCRIBE Thank you for subscribing to Morning Dispatch Well soon meet in your inbox. / Morning Dispatch The Zomato IPO, which received approval from Sebi last week, is expected to open for subscription in less than two weeks, sources told us. Paytm, meanwhile, will probably file its draft IPO papers soon after its extraordinary general meeting on July 12. Read on for more exclusive details on the two long-awaited IPOs. Also in this letter: Swiggy, Zomato Udaan ba...

Zomato seeks to raise IPO valuation to $10 billion Global marquee investors like T Rowe Price, Fidelity Investments and Capital Group have expressed interest in investing in Zomato’s IPO Zomato is expected to launch its IPO later this month BusinessToday.In Updated Jul 06, 2021, 8:32 AM IST Zomato that will soon launch its IPO is seeking a valuation of $10 billion as the platform witnesses a surge in online food-ordering. The company was seeking an $8 billion valuation about three mont...

NEW DELHI: Info Edge, one of the key shareholders of Zomato, has slashed the offer for sale in the latter’s IPO by half, which would eventually reduce the total size of the IPO. The Sanjeev Bikhchandani-owned company on Sunday said its board has revised the offer for sale by the company to Rs 375 crore worth of Zomato shares. Earlier the plan was to sell shares worth Rs 750 crore . The reduction in size means Info Edge is confident of the company’s future and wants to hold more of the comp...

Shares of Info Edge (India) rose 5 per cent to Rs 5,626 on the BSE in intra-day trade on Monday after media reports said Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato. Info Edge held an 18.55 per cent stake in Zomato as of April 27, 201, according to Draft Red Herring Prospectus. The stock of Info Edge (India) has rallied 14 per cent in the past three trading days. Meanwhile, Info Edge has reconsidered ...