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IPO ROADMAP FOR FLIPKART
Zepto overtakes Instamart in order count, trails Blinkit in scale and profitabilityFor the January-March quarter of FY26, Blinkit reported a net order value of Rs 14,386 crore, compared with Zepto’s calculated net order va...- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- B2B ecommerce company Udaan reports 37% decline in FY25 net loss to Rs 1,055 croreUdaan cut its net loss by 37% to Rs 1,055 crore in FY25, even as operating revenue fell 20% to Rs 4,561 crore, filings showed. The decline ...
- Fresh delivery: Swiggy raises Rs 10,000 cr via QIPIn a significant step towards enhancing its market position, food delivery giant Swiggy has raised Rs 10,000 crore through a savvy institut...
- Shadowfax preps IPO filing; O-1A over H-1BHappy Friday! Logistics firm Shadowfax is set for a confidential IPO filing in a month. This and more in today’s ETtech Morning Dispatch.
- Gensol’s default; Ola’s dismal Q4Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ET...
- Razorpay completes reverse flip from US to India with MCA approvalRazorpay had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the NCLT. Razor...
- Ola Electric’s Q4 losses double; Walmart on quick commOla Electric’s troubles compounded with net loss increasing two-fold in the March quarter. This and more in today’s ETtech Top 5.
- Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEOKathryn McLay says Walmart is excited about Flipkart’s growth but is not so focused on profitability in such a way that we would trade off ...
- Flipkart may trim rolls by up to 7% in yearly refocusSpotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.
- PhonePe will likely go for an India listing, says Walmart CEO Doug McMillonWalmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon sa...
- Udaan closes $200 million debt financing through convertible notesFor Udaan, which has said it intends to go public in the next 18-24 months, the move to pick up debt financing through convertible notes co...
- Udaan names cofounder Vaibhav Gupta as CEO, eyes IPO in 18-24 monthsAmod Malviya and Sujeet Kumar, the other two cofounders, will support the effective functioning of a "CEO-led organisation" and will contin...
- Minimalist raises $15 million from Sequoia India, Unilever VenturesSkincare startup Minimalist will use the funding for global expansion, besides enhancing infrastructure, R&D capabilities and content curat...
- Indian startups raised $7.8 billion in first four months of 2021Startup funding party continues amid second wave of Covid-19
- Stars aligned for India’s Internet cos to create value in next 10 years: BofA SecuritiesAccording to the brokerage, Reliance Industries will garner over 500 million users over the next 3-5 years, offer broadband services to 20-...
- From Angels to IPOs: Expanding the funding options for Indian startupsThe startup funding landscape has changed significantly over the past few years with source of funds diversifying from foreign funds to lat...
- Funding taps run dry; startups look at Nasdaq for listingThe time is ripe for startups to rework their business models where they are able to build sustainable and profitable companies.
- Flipkart hires former Twitter executive Tarun Jain to head the products divisionFlipkart, India’s largest ecommerce company, has hired former Twitter executive Tarun Jain to head the products division of its online adve...
- E-commerce companies' surging valuations: Realistic, or just one big bubble?There’s no one answer to that as yet but a recent arbitrage opportunity serves to illustrate the intriguing possibilities that arise in suc...
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