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SOFTBANK MEESHO
Bleak job market for H-1B returnees; Delhivery investors' exitLaid off tech workers from the US face an unprecedented job slump back home. This and more in today’s ETtech Morning Dispatch.- Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins endTop global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shi...
- Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.
- Lenskart block deal; Meesho's kirana pushLenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.
- Macquarie initiates 'Underperform' rating on Meesho, sees 25% downside. Here's whyMacquarie has initiated coverage on Meesho with an ‘Underperform’ rating and a target price of Rs 125, implying nearly 25% downside. The br...
- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- 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...
- Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...
- Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
- Meesho Q4 revenue jumps 47%; operating losses widen on aggressive growth pushCEO Vidit Aatrey said that over 70% of the company’s code now is being written using artificial intelligence. More than three fourths of Me...
- SoftBank changes India gears; Meesho’s homecomingHappy Tuesday! SoftBank is looking to acquire IT-enabled services firms in India. This and more in today’s ETtech Morning Dispatch.
- SoftBank-backed Meesho said to plan IPO filing in coming weeksThe Bengaluru-based firm, backed by SoftBank Group Corp., is reportedly aiming to raise between $700 million and $800 million through the I...
- SoftBank back at deal counter with Icertis deal talksTech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round
- Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%For the first half of FY24 ended September 30, 2023, Meesho said its operating revenue increased 37% year-on-year to Rs 3,521 crore, with a...
- Meesho tightens returns process to save costs, triggers seller protestsMeesho undertook changes to its product returns policy following feedback from its third-party logistics partners, the sources added. Retur...
- Meesho's diversification plan pits it against Amazon, FlipkartSocial commerce platform Meesho wants to diversify its business model to target 100 million small businesses, a hitherto untapped yet lucra...
- Meesho raises $300 million from SoftBank Vision Fund as valuation races past $2 billionBy entering the space to digitise and service India’s SMBs, Meesho will go up against giants such as Reliance Industries, Amazon, Flipkart ...
- Facebook-backed Meesho nears $250 million funding from SoftBank Vision Fund, othersThe funding round may double Meesho's valuation to $2 billion — propelling the Facebook-backed startup into the coveted unicorn club.
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