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BLINKIT VALUATION
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
Zepto shares crash 30% in unlisted market despite Sebi nod for IPO. What's cooking?Zepto’s unlisted shares have dropped sharply despite Sebi approval for its IPO, signalling investor caution in a volatile market. The decli...
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
IT sector a contrarian opportunity at current valuations: Aditya ShahAditya Shah of Hercules Advisors identifies power, banking, chemicals, and real estate as promising sectors for long-term growth amidst glo...
Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
Quick commerce turns the corner; Karan Taurani picks Eternal, Trent, and Nykaa as top consumption betsIndia's consumption sector is changing. Companies are now focusing on profits, not just growth. Quick commerce players like Blinkit are lea...
Zepto gets Sebi nod for IPO; issue size pegged at Rs 8,000-9,000 crore: sourcesQuick commerce firm Zepto has secured Sebi's nod for its initial public offering, paving the way for an updated draft prospectus in the nex...
Sebi approves over $1 billion Zepto IPO; 5 other companies also get nodSebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick commerce startup aims to strengthe...
Bullish on quick commerce, says Walmart CEO John Furner at Flipkart townhallWalmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit, highlighting Flipkart's aggressiv...
Swiggy, Eternal shares tumble up to 30% in 2026 so far. Time to buy or better to wait?Swiggy and Eternal shares have plunged up to 30% this year, prompting questions about investment timing. While Eternal shows long-term gain...
Unfazed by 670X P/E, retail investors add Eternal on dips for 2nd quarter as stock trades 30% off peakRetail investors are showing confidence in Eternal, a food delivery and quick commerce firm. They are buying its shares on price dips, unde...
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloffMutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value...
Eternal shares rally over 4% after strong Q4 results. What CLSA, Goldman Sachs, 4 others are sayingEternal's shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit's quick comm...
Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
Infosys Q4 profit spikes; Flipkart mulls separate app for MinutesInfosys closed FY26 with strong numbers aided by a pickup in demand from its banking, energy and communication segments. This and more in...