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1MG UNICORN
Jumbotail hits $1 billion valuation in new funding led by Standard Chartered's investment armJumbotail has also completed its acquisition of Solv India, a B2B commerce and financial services platform incubated by SC Ventures. The fr...- Tata Digital rolls out Esops for its senior execs to push performanceTata Digital has launched a new employee stock option plan (Esop) for the top deck under chief executive Naveen Tahilyani amid significant ...
- Tata funds pause is no 'debt-errent' at 1mg, BigBasketBigBasket and 1mg–two of the biggest digital assets of Tata group–are choosing debt over equity for expansion in a critical year for them. ...
- BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HCTata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’...
- Tata 1mg will be profitable in a few quarters, says founder Prashant TandonThe company reported a 160% jump in operating revenue to Rs 1,627 crore for the fiscal year ended 2023. However, its net loss more than dou...
- Ex-WhatsApp Pay India head in talks to join Tata DigitalMeanwhile, two senior executives hired by Mukesh Bansal exit firm in less than a year.
- Tata Digital revenue jumps three-fold to about Rs 16,000 crore after acquisitionsThe spike in revenue mainly came from the company’s acquisition of a majority stake in e-pharmacy startup 1mg, and Supermarket Grocery Supp...
- BigBasket looks to raise $200 million at up to $3.5 billion valuation“The company continues to grow 40% annually as projected earlier internally. This financial year ending March 2023, the company is expected...
- Zomato Instant in extended pilot mode, Bengaluru startups face rain havoc“There are a bunch of areas we are making progress. Some of the larger sticky points may take a little more time...specially when a matter ...
- 1mg is India’s 21st unicorn of 2022; TikTok hacked, over 2 billion user records stolenTata Digital, a wholly owned subsidiary of the Tata Group, acquired a majority stake (51-60%) in 1mg for a total deal size is in the range ...
- 1mg turns unicorn after latest funding led by Tata DigitalE-pharmacy is third unicorn for Tata Digital; Co may kick-off another round next year
- Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parentThe money will predominantly be used to refinance the debt the company had taken to fund its acquisition of diagnostics chain Thyrocare las...
- PharmEasy not in pink of health, shares drop 50% in unlisted marketThe Mumbai-based med-tech player received the green signal from capital market's watchdog Sebi to float its Rs 6,250 crore-primary stake sa...
- Why HNI investors are flocking to startupsToday, India is the 3rd largest startup ecosystem after the US and China, with more than 60K startups, which is bound to attract global cap...
- CarDekho Group appoints Mayank Gupta as chief financial officerJain said, "2021 has been a remarkable year for CarDekho, as the company has entered the Unicorn Club... Mayank's proven track record of le...
- ETtech Deals Digest: BrowserStack, Vianai raise funds this weekIndia’s startup ecosystem minted another unicorn this week as BrowserStack became India's highest-valued software-as-a-service (SaaS) firm ...
- PharmEasy valued at $1.8 billion as B Capital buys stake for $20 millionE-pharmacy conducts $3 million Esop buyback; Tiger Global also putting primary capital in Mumbai-based startup.
- Startup ecosystem sees a consolidation wave, 28 M&A deals done in eight months this yearTotal 28 M&A deals stitched in first eight months this year vis-à-vis 32 last year as companies hunt for talent and tech expertise.
- 5 Silicon Valley tech hires who quit Indian unicorns in a yearThis exodus also comes at a time when Indian tech companies are struggling with a funding slowdown leading them to cut costs.
- Watch: HealthKart looks to raise $30 million in Series CWatch how Prashant Tandon and Sameer Maheshwari started HealthKart and the startup's plans to raise Series C funding to propel growth.
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