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THE valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to US$5bil (RM22bil), after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars.
MUMBAI (Reuters) -The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion, after marquee investors such as SoftBank and Fidelity pumped in hundreds of millions of dollars.
MUMBAI: A boom in technology initial public offerings (IPOs) in India risks grinding to a halt after several of the country’s highest-profile startups tanked soon after listing.
Last year 44 Indian unicorns – privately held startups valued at more than US$1bil (RM4.17bil) – were minted as investors piled money into a country long overlooked despite its vast potential.
MUMBAI: Indian cosmetics-to-fashion retailer Nykaa plans to more than triple its brick-and-mortar stores to 300, says founder and chief executive Falguni Nayar, (pic) significantly building its offline presence in the country.
Startups face pressure after payment platform plunges
MUMBAI (Reuters) - Paytm's dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indian history, six analysts and bankers said on Friday.
BENGALURU (Reuters) - Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what is expected to be India's largest stock market listing.
BENGALURU: Indian logistics firm Delhivery is seeking a valuation of more than US$5.5bil, a source familiar with the matter told Reuters, as the SoftBank-backed company filed for an initial public offering of up to 74.6 billion rupees (US$997.33mil).