Capital under lockdown
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Good evening,
Delhi on Sunday recorded its highest single-day jump in Covid-19 cases, prompting the state government to call for a six-day lockdown. This comes as another huge blow to e-commerce companies, already smarting from similar restrictions in Mumbai.
Also in this letter:
Whatfix
Essentials only, Delhi tells e-tailers
E-commerce platforms were put in another fix on Monday after the Delhi government announced only the delivery of essential goods would be allowed until Monday, April 26. There was no mention of restrictions or lack thereof on the movement of non-essential goods.
‘Covid wave may delay privatisation, divestment’
April 19, 2021
Privatisation of insurance and banking companies requires some legislative action - HAKINMHAN×
Officials say LIC’s IPO could also take a hit given the complex valuation process
The surge in Covid-19 cases across the country is likely to impact the progress on strategic disinvestment and privatisation programme during this fiscal, which could further delay the sale of government’s stake in companies such as Bharat Petroleum Corporation and Shipping Corporation of India.
Privatisation of two nationalised banks and a government-owned general insurance company could also be impeded. Officials also indicated that the initial public offering (IPO) of LIC may see some delay.
Licious draws funding interest at post-money valuation of $800 million
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Synopsis
Private equity investors Multiples PE, Premji Invest and Goldman Sachs are looking to invest a combined $150-200 million in Licious at a post-money valuation of $800 million.
ETtech
Founded in 2015 by Vivek Gupta and Abhay Hanjura, Licious has entered the ready-to-eat market after establishing a presence in the fresh meat and seafood segments. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Private equity investors Multiples Alternate Asset Management, Premji Invest and Goldman Sachs are looking to together invest $150-200 million (Rs 1,125-1,500 crore) in meat and seafood brand Licious, people close to the development said.