According to Kamath, it will get tough for companies that spent a lot on customer acquisition and on employee costs amid the tech hiring boom over the past year.
Over the years, BITS has been inching closer to the IITs or Indian Institutes of Technology, which continue to dominate the country’s startup and unicorn ecosystems. BITS has been gradually creating a brand for itself in the world of entrepreneurship, similar to that of the 23 IITs, which investors love.
India's biggest PSU IPO was Coal India, which listed in November 2010 with an issue price of Rs 245 a share. Currently it trades more than 42 percent lower than its issue price. The firm raised over Rs 15,000 crore via the IPO.
Aneesh Sheth, who founded Dr Sheth’s in 2016, will continue to lead the business and product innovation for the brand
Core team will work on a hybrid model
January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month, the company added.
Swiggy did not disclose the size of the deal and said that Dineout would continue to operate as an independent app.
The startup will use the funds to expand to new markets and cover more crops
A majority of India’s 100 unicorns, most of which were crowned unicorns only over the last two years, have founders with an IIT background.
Chief Minister Shivraj Singh Chouhan would be present at the function, besides senior officials and start-up entrepreneurs.
Compared to last year, the amount of new investment will be half or could be as small as a quarter, said the conglomerate's billionaire CEO Masayoshi Son
Meesho competes with Flipkart, which Bansal had founded in 2009. Navi has made a total of four new appontments on its board.
The IPO comprises a fresh issue of Rs 50 crore and an offer for sale of upto Rs 750 crore by its existing shareholders and promoters.
The Y-Combinator-backed startup plans to use the funds to build and expand its team, work on products and expand footprint
According to Reuters estimates, SoftBank’s Vision Fund investment unit posted a record loss of over 2.97 trillion yen for the Jan-Mar quarter
Start-up entrepreneurs should be prepared for situations in which an early exit may happen
The fundraise is part of the company's $85 million Series C round. Vivriti Capital had raised $55 million of the total amount in March this year from existing investors Lightrock India and Creation Investments.
Oyo incurred losses of Rs 3,943.84 crore in 2020-21 (FY21), translating to a loss of over Rs 76,077 every minute, the FHRAI said.
After making her debut as an investor in the social commerce space, Athiya Shetty daughter of Bollywood star Suniel Shetty is looking at expanding to more sectors.
While Chaudhry invested $4 million (around R.31 crore) in HONO, the startup has raised $1million more from other individual investors including Hemant Sultania, Amit Khanna of Amaya Ventures, and Harsh Gupta of Udayat Group. The series A funding totals $5 mn.
With this round, Tiger Global has made its first seed investment as the global venture fund is commonly known for taking part in later stage rounds.
Northwest Executive Edcuation offers long format comprehensive programs by global educational institutions including MIT, UC Berkeley, Yale, UCLA, University of Chicago, National University of Singapore, among others.
The IPO consists of a fresh issue of Rs 1004 crore while an offer for sale of upto 118.51 million by its existing shareholders and promoters. At the upper price band, the firm plans to raise around Rs 1502 crore.
Founded in 2021 January by Chirag Taneja, Vivek Bajpai and Ankush Talwar, GoKwik helps direct-to-consumer brands to personalise shopping experience for consumers.
IPO will open on 18 May for subscription and close on 20 May. The anchor book will open on 17 May.