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VALUATION MARKDOWN
Vanguard marks Ola valuation down to $70 million, 99% lower from peakFunds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 m...
Funds are won or lost on operational rigour, not just deal-making: Artha Group COOAs venture capital matures beyond the era of easy money and momentum investing, operational discipline is becoming as important as deal-mak...
US Stock Market: Private credit funds of Blackstone, BlackRock mark down portfolios amid software sector stressMajor investment firms Blackstone and BlackRock saw their private credit portfolios shrink. Troubled loans, especially from software firms ...
UpGrad, Unacademy file application with CCI for mergerEdtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy ...
For investors with patience, experience, and anxiety appetite: 5 stocks from different sectors with upside potential of up to 21%For the last five years, the theme on the street has mostly been: Buy today, expect comfort tomorrow. But some of the better wealth-creatin...
UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
AUM dipped 6% but inflows stayed strong; Anand Rathi Wealth CEO bets on 29% profit growth in FY27Anand Rathi Wealth's CEO Rakesh Rawal urges investors to focus beyond a 6% AUM dip in Q4 FY26, attributing it solely to market corrections....
Rupee slide boosts IT; Gupshup’s valuation markdownThe rupee’s sharp slide could give IT firms a surprise Q4 bump. This and more in today’s ETtech Top 5.
Fidelity marks down conversational AI platform Gupshup's valuation by 80% to $278 millionGupshup was valued at $1.4 billion when Fidelity first invested in the company back in 2021 through a secondary transaction. The asset mana...
Fidelity halves Gupshup’s valuation to roughly $697 millionFidelity Blue Chip Growth Fund’s stake in the San Francisco-headquartered startup was valued at nearly $11.09 million as of April 30, 2023,...
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...
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...
Valuation markdowns hit Pine Labs, PharmEasy; Paytm’s boost to ONDC; and Netflix India under tax netContinuing with the trend of valuation markdowns at large tech companies, fintech firm Pine Labs and online pharmacy PharmEasy became the l...
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...
Two of Flipkart's mutual fund investors mark down value of their holdingsValic Co I marked down the value of the Flipkart shares it owns by 11.3% to $95.84 per unit for the quarter ended August from $108.04.
10 per cent markup by Valic gives Flipkart reason to cheerUS fund Valic has marked up the valuation of its Flipkart shares by 10 per cent to $108.04 each for the May-ended quarter, compared with $9...
Top startups have bucked the markdown trendThe repeated markdown of flipkart shares by its investors has put the valuation tag of $15.2 billion for India's largest retailer in questi...
Flipkart exchanges GMV for customer loyalty; markdowns of valuation by MFs irrelevant: CEO Binny BansalInstead of obsessing about GMV, the online marketplace is embracing ‘net promoter score’ (NPS) which Bansal is hawking as a proxy for custo...