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BIGBASKET FUNDING
Customers will feast as Zepto to pour fuel into quick commerce fireZepto’s proposed Rs 9,500 cr ($1 billion) IPO could significantly intensify competition in India’s already crowded quick commerce market. T...- Zepto IPO: Founders Aadit Palicha, Kaivalya Vohra skip OFS as Nexus Ventures leads share saleZepto’s founders, Aadit Palicha and Kaivalya Vohra, will retain their stakes and not participate in the Rs 9,500 crore IPO’s offer-for-sale...
- Ex-Mirae Asset India head Ashish Dave launches Rs 700-1,000-crore fundAshish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will ...
- Wealth firm Nexedge Capital looking to close a $25 million funding round to be led by MiraeNexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm M...
- Zepto files updated papers for Rs 9,500 crore IPO; aims July listingQuick commerce firm Zepto has filed its updated draft prospectus for a significant $1 billion IPO with Indian regulators. The offering incl...
- Zepto planning to file papers for $1 billion IPO in June: ReportZepto is preparing for a potential $1 billion IPO, with a public filing expected in June and launch targeted for July. The quick-commerce f...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- South Korea’s Krafton, Naver, Mirae Asset launch Rs 6,000-crore India-dedicated fundKrafton, Naver Corporation, and Mirae Asset have launched a Rs 6,000-crore fund for high-growth Indian startups. The Unicorn Growth Fund wi...
- Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
- Jio preps May IPO; Wipro slips after resultsJio Platforms is edging towards a long-awaited IPO as markets wobble amid Iran tensions. This and more in today's ETtech Top 5.
- TR Capital to deploy $1 billion in India secondaries; appoints Umang Agarwal as MDTR Capital will deploy $1 billion in India over the next five years, across consumer, financial services, and healthcare, while selectively...
- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- BigBasket raises Rs 200 crore via debtThe company plans to use the funds to set up and maintain dark stores and for other general corporate purposes, according to the company’s ...
- 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...
- BigBasket in talks for $400m roundThe ongoing talks also include at least $100-150 million in secondary sale of shares by early investors, said people close to the matter, w...
- BigBasket gets Rs 100 crore in venture debt from Trifecta CapitalGrocery etailer raised the amount in venture debt to fund working capital needs, expansion.
- South Korea’s Mirae leads $150m round in BigBasketThe round has valued BigBasket at close to $1.2 billion, marking its entry into the unicorn club of private companies valued over $1 billio...
- Abraaj, others put $150 million in the BigBasketOnline grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish.
- BigBasket now to deliver goods on electric vehiclesOnline grocery retailer BigBasket has signed on a range of electric vehicles to increase efficiencies and cut down on operating costs.
- Online grocer BigBasket eyes $1 billion value, raises $50 millionThe fund-raising process currently underway - to propel forays into 50 tier-II cities - is expected to value BigBasket at $1 billion, sourc...
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