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SWIGGY INVESCO MARKDOWN
Zomato shares hit 52-week high of Rs 105.90; m-cap nears $ 11 billionThe stock's value has surged in the last eight months. Mutual funds have increased their investments in Zomato, making it one of the top bu...- Baron Capital marks up Swiggy, Pine Labs valuation; almost halves Byju’s valueIn its April-June quarterly report, Baron Capital cut the valuation of Byju’s to $11.7 billion as of June 30, down 44.6% from $21.2 billion...
- Zomato breaches $10 billion market cap mark on the back of maiden profitOn August 3, Zomato reported its first-ever consolidated quarterly net profit at Rs 2 crore, on the back of higher order frequency from sub...
- Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
- Food-delivery firms Zomato, Swiggy clock only 7% growth in biz during IPL: reportWith consumer internet firms chasing profitability, the spends on marketing for online food delivery platforms like Zomato and Swiggy were ...
- Global asset manager Janus Henderson cuts PharmEasy valuation further to $2.7 billionAs of March 31, 2023, funds managed by Janus Henderson valued their stake in the startup at $2.7 billion – less than half of the $5.6 billi...
- Fidelity Investments cuts Meesho's valuation by 10% to $4.4 billionNotably, Fidelity’s funds had valued Meesho at $4.98 billion as of December 2022. Prior to that, as of September 2022, the investor had asc...
- US fund cuts edtech Eruditus’ valuation by 9% to $2.9 billionThe markdown has translated to a valuation of about $2.9 billion as of March 31, 2023, a drop from $3.2 billion in August 2021, a price at ...
- Exclusive: Sebi may review compliance for VC, PE funds; Cred‘s rejigging its lending strategyCapital markets regulator Securities and Exchange Board of India (Sebi) has sought suggestions from venture capital and private equity fund...
- System of a down round: valuation markdowns hit Indian startups; to affect fundraising, IPO plansSome of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and...
- Swiggy CEO says food-delivery biz turned profitable in March, Zomato's Deepinder Goyal tweets ‘nicely done’“As of March 2023, Swiggy’s food delivery business has turned profitable (after factoring in all corporate costs; excluding employee stock ...
- In March, Swiggy’s food-delivery biz turned profitable, excluding Esop costs: CEO Sriharsha MajetyFood delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.
- Swiggy says food-delivery arm profitable sans Esop costs; Infy slashes variable pay to 60%Amid the dark clouds of sharp valuation markdowns for tech companies, Swiggy's CEO Sriharsha Majety announced that its food-delivery busine...
- Zomato goes live with UPI offering, Flipkart to follow; ZestMoney gets new leadershipGurgaon-based food-delivery company Zomato has gone live with a third-party Unified Payments Interface (UPI) application for some of its us...
- Exclusive: Pine Labs, PharmEasy face markdowns by Neuberger Berman as tech valuations tumbleThe chill in the consumer Internet investment ecosystem and the subsequent cooling down in startups’ growth in India are now being felt thr...
- Zomato slides 7% on fears ONDC may hit profitabilityAnalysts said the disruption by ONDC, where consumers are buying food and grocery at cheaper prices, has hurt investor sentiment in loss-ma...
- Scoop: Razorpay’s ‘reverse flip’ to India; Blinkit delivery disruptions continue in parts of Delhi-NCRFintech major Razorpay is planning to move its holding company from the US to India amidst tightening regulations in the sector. This and m...
- Invesco slashes Swiggy’s valuation by 33% to $5.5 billionThis is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down i...
- Invesco cuts Swiggy’s valuation by 33% to $5.5 billion; global tech M&A deals sputter in March quarterUS asset manager Invesco has once again slashed its portfolio firm Swiggy’s valuation. This time it’s a 33% cut to $5.5 billion from $8.2 b...
- BlackRock, Invesco mark down Byju’s, Swiggy holdings as tech valuations correctWhile BlackRock has slashed Byju’s valuation by nearly 50%, Invesco has cut Swiggy’s stake value by over 23%.
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