[ad_1] MUMBAI: In a boost for Swiggy, American investor Baron Capital has marked up the food delivery company’s valuation to about $12.1 billion as of Dec-end, US regulatory filings showed. This is 13% higher than the startup’s peak valuation of $10.7 billion at which it had last raised $700 million from Invesco-led investors in Jan…
[ad_1] MUMBAI: Swiggy and Flipkart are laying off employees, adding to the woes of the startup sector which has been grappling with a funding winter. Swiggy is letting go of about 350-400 employees or around 7% of its workforce as it attempts to check costs and move towards profitability, sources said. Flipkart is also letting…
[ad_1] MUMBAI: SoftBank has offloaded an additional 2% stake in Paytm, reducing its shareholding in the Noida-based fintech firm to 5.06%, the company said in a recent stock exchange filing. SoftBank – which has invested over $1 billion into Paytm – was one of its largest shareholders, and held about 18% stake in the firm…
[ad_1] NEW DELHI: Brainbees Solutions, the parent company of omni-channel retailer FirstCry has filed draft initial public offering (IPO) papers with market regulator Securities and Exchange Board of India (SEBI) on Thursday. The IPO comprises an issue of fresh shares worth Rs 1,816 crore and an offer for sale (OFS) of 5.4 crore shares by…