Zepto Now An Indian Parent Entity, Reverse Flips To India
Kiranakart Technologies, the Indian entity operating Zepto secured the approval from the NCLT to become its holding company
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Maker of Wai Wai Noodles, Plans IPO To Fuel Expansion In India
- by BW Retail World Bureau
- April 15, 2024
Binod Chaudhary, the Nepalese billionaire behind the renowned Wai Wai brand of instant noodles, is eyeing a significant move in the Indian market. His conglomerate, Chaudhary Group’s (CG) food unit in India, CG Foods India, is gearing up for a potential listing by 2026, marking a milestone in the company’s expansion strategy. Based in Gurgaon, […]
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Serena Williams, Good Glamm Group Teams Up For US Beauty Brand Launch
- by BW Retail World Bureau
- April 6, 2024
The Good Glamm Group has made its debut in the US market through a collaborative effort with tennis icon Serena Williams to introduce a novel brand—Wyn Beauty by Serena Williams. This venture is in conjunction with the renowned US-based beauty retailer Ulta Beauty. Initially, Wyn Beauty will concentrate solely on the US market for the […]
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Bigbasket Targets 2025 IPO After Turning Profitable
- by BW Retail World Bureau
- March 6, 2024
Big Basket, an online supermarket owned by the Tata Group, plans to go public in 2025 after becoming profitable, the news agency PTI reported citing a top official. The Bengaluru-based firm, which is part of Tata Digital, will become profitable in the next 6-8 months after the newly announced ‘BB Now’ vertical begins to generate revenue, […]
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Gopal Snacks To Launch IPO On 6 March
- by BW Retail World Bureau
- March 1, 2024
Gopal Snacks has revealed that it will launch its initial public offering (IPO), which got regulatory permission earlier this year, on 6 March. The edition will be available for public subscription until 11 March. The price range for the public offer, which is essentially an offer for sale (OFS) of up to Rs 650 crore, will be revealed on […]
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Swiggy Changes Company’s Registered Name Ahead IPO
- by BW Retail World Bureau
- February 26, 2024
Food and grocery delivery platform Swiggy has officially changed its registered name from Bundl Technologies to Swiggy Pvt Ltd, following a special resolution approved by the company’s shareholders. “The change in the name of the company will help establish greater proximity and identification of the company’s corporate name with the company’s core brand, ‘Swiggy’,” the […]
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Will Zomato Continue To Ride Bullish Wave
- by Krishankant Chourasia
- February 22, 2024
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
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Apeejay Surrendra Park IPO Open For Subscription, Aims To Raise Rs 920 Cr
- by BW Retail World Bureau
- February 6, 2024
The first mainboard initial public offering (IPO) of the month, Apeejay Surrendra Park opened for the public subscription on 5 February in an attempt to raise Rs 920 crore with the combination of fresh issuance and offer-for-sale (OFS) component. The issue raised Rs 409 crore in the anchor round on 2 February, whereas the retail […]
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Alibaba May Sale Consumer Assets Including Freshippo, RT-Mart
- by BW Retail World Bureau
- February 5, 2024
Alibaba Group is reportedly exploring the sale of various consumer sector assets, including its grocery business Freshippo and retailer RT-Mart, as part of a strategy shift towards its core ecommerce business, Reuters reported. The move aligns with the company’s focus on divesting non-core, unprofitable units, it said. Talks with potential investors, both strategic and financial, […]
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Swiggy Revenue Soars 45%, Yet Net Loss Widens 15% In FY23
- by BW Retail World Bureau
- February 1, 2024
Swiggy, a food and grocery delivery company, reported a 45 per cent increase in operational revenue to Rs 8,265 crore in the fiscal year ending March 2023, while its net loss increased by 15 per cent to Rs 4,179 crore. The Prosus-backed business, which is presently preparing for an initial public offering (IPO), invested extensively during the […]