[Update] Wakefit IPO: Issue Subscribed 39% On Day 2, Retail Portion Fully Booked

India, Dec. 9 -- Update | December 9, 18:40 IST Wakefit's IPO was subscribed 39% at the end of the second day of bidding. The issue received bids for 1.4 Cr shares against 3.6 Cr shares on offer. Th... Read More

Meesho IPO: Cofounders Rake In INR 354 Cr, Y Combinator Mints 108X Return

India, Dec. 9 -- The cofounders and investors of Meesho, which is set to list on the exchanges tomorrow, got hefty returns from the ecommerce unicorn's IPO. Y Combinator, which offloaded 71.9 Lakh sh... Read More

Airpay Bags Cross Border Payment Aggregator Licence From RBI

India, Dec. 9 -- Fintech startup Airpay Payment Services has become the latest entity to secure the Reserve Bank of India's (RBI) cross-border payment aggregator (PA-CB). With the regulatory approval... Read More

Wakefit IPO Day 2: Issue Subscribed 27% So Far, Retail Portion Fully Booked

India, Dec. 9 -- D2C mattress and furniture company Wakefit's IPO was subscribed 27.4% till 12:38 IST on the second day of bidding. The issue received bids for 1 Cr shares out of the total 3.6 Cr shar... Read More

[Update] Swiggy Shareholders Approve Plan To Raise INR 10,000 Cr Via QIP

India, Dec. 8 -- Update | December 8, 23:15 IST Listed foodtech major Swiggy today said its shareholders approved a proposal to raise up to INR 10,000 Cr via qualified institutional placement (QIP). ... Read More

[Update] Ola Electric Shares Touch Fresh Low At INR 33.65

India, Dec. 8 -- Updated | December 8, 16:35 IST Shares of Ola Electric closed today's trading session at INR 34.14 apiece on the BSE, down 3.4% from the previous close. The stock touched an all-tim... Read More

[Update] Temasek Gets 6.5% Stake In PB Fintech Following Makesense Amalgamation

India, Dec. 8 -- Update | December 8, 15:58 IST Temasek's investment holding subsidiary MacRitchie Investments has been allotted 2.99 Cr shares or 6.47% stake in fintech major PB Fintech following it... Read More

Ola Electric Shares Touch A Fresh Low At INR 33.81

India, Dec. 8 -- Continuing its downward spiral, listed EV major Ola Electric's shares dropped 4.76% to touch a fresh all-time low at INR 33.81 during the intraday trading session on the BSE today. T... Read More

From Ultraviolette To Furlenco- Indian Startups Raised $133 Mn This Week

India, Dec. 6 -- Amid heightened startup IPO activity, private funding in the Indian startup ecosystem took a downturn this week. Between December 1 and 5, 18 startups raised $132.7 Mn, marking a 32% ... Read More

Z47 Exits EV Maker Ola Electric

India, Dec. 6 -- Z47 (erstwhile Matrix Partners) has completely exited listed EV company Ola Electric. The VC firm's name doesn't appear in the list of Ola Electric's shareholders at the end of Septem... Read More

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