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SNAPDEAL EBITDA LOSS
Shadowfax set to go public amid changing logistics landscapeThe third-party logistics (3PL) player is eyeing a valuation of Rs 7,169 crore, down from its earlier target of Rs 8,500-9,000 crore. The i...- SoftBank-backed AceVector files updated IPO papers; targets to raise Rs 300 cr via fresh issueSoftBank-backed digital-commerce ecosystem AceVector Ltd has filed updated draft papers with markets regulator Sebi for an initial public o...
- Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a monthThe monthly cash burn for quick commerce players, including new entrants, has surged to Rs 1,300-1,500 crore, doubling in just a few months...
- Zepto’s cash burn and the high-stakes game of quick commerceFounded by two Stanford dropouts, quick commerce upstart Zepto has carved out its space alongside Zomato's Blinkit and Swiggy's Instamart. ...
- Snapdeal's FY23 consolidated loss narrows to Rs 282 croreThe company's loss-reduction measures also led to revenue decreasing to Rs 388 crore in FY23 from Rs 564 crore in FY22.
- Elon Musk’s Starlink to snag Satcom licence soon; Zepto bags another $31 millionStarlink, a subsidiary of Elon Musk’s SpaceX, may soon get a licence to operate in the satellite communications space, having apparently sa...
- Zomato extends profits in Q2; top startup voices at ET Soonicorns SummitGurugram-based food delivery company Zomato saw an improved bottomline for Q2 FY24, but even more remarkable was the positive contribution ...
- Mamaearth parent Honasa Consumer sees IPO going in the right directionHonasa Consumer’s Rs 1,700 crore IPO opened for public subscription on Tuesday. It is offering the shares at a price band of Rs 308-324 eac...
- 2022 Year in Review: the biggest stories in technology & startups this yearFrom controversies and regulatory diktats to high-profile exits and en masse layoffs, 2022 was a turbulent year for the tech industry.
- Fashion e-tailer Voonik asks staff to forgo 3 months’ salaryThe affected workforce is largely in product development and customer support, while the operations team won’t be a part of this move, at l...
- Top stocks in focus on Thursday, 27 July 2017Here is a list of top stocks that are likely to be in focus in today's session.
- Myntra brokers better deal with foreign brands for JabongMyntra is now trying to bring Jabong back to financial health after the Gurgaon-based company lost sheen over the years as costs rose and l...
- Flipkart-owned Myntra pips Snapdeal and Future Group, acquires Jabong for $70 millionThe transaction caps months of seesawing talks between Global Fashion Group and Kinnevik, the owners of Jabong, and multiple Indian suitors.
- Race to acquire fashion portal Jabong hots up; Alibaba, Future Group and Myntra top biddersEven Snapdeal is said to be in the fray, but may not be an aggressive bidder. The asking price is said to be $250-300 million but the deal ...
- Jabong's revenue up 14% at Rs 243.78 crore for Q1 of 2016Rival of Myntra, Voonik and Koovs, is now planning to shed several low-margin brands, including three-fourth of its private labels, in a bi...
- SITI Cable in talks to acquire DEN; deal pegged at Rs 2,000 crore"SITI wants to expand its footprints via inorganic route and is talks with DEN. This will give it a strong foothold in Delhi and Uttar Prad...
- Paytm's payments business has made operational profit: CEO Vijay Shekhar Sharma"The number of repeat users is relatively higher compared to horizontal e-commerce companies, where transaction rates are higher," Sharma s...
- Jabong's sale talks fail over valuation mismatchThe Alibaba-backed Paytm had entered into discussions for buying Jabong but the payments services firm has logged out of the race.
- Jabong H1 net revenue at Rs 410.7 croreJabong has reported net revenue of Rs 410.7 crore for the six months ended June 30, registering a modest 26.5% year-onyear growth.
- Entrepreneurship: Look at 10 venture-funded cos like Snapdeal, Flipkart & how their valuations have changedFueling this are top venture capital investors and hedge funds flush with capital driving up valuations in a market where financial metrics...
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