Jewellery Retailer BlueStone Gears For Unicorn Tag Ahead Of IPO: Report
The reports say that 360 One and Centrum Wealth are in discussions to facilitate secondary deals worth Rs 300 to 350 crore in the company
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Swiggy Supply Chain Chief Karan Arora Exits, Joins Former Colleague’s Startup
- by BW Retail World Bureau
- April 5, 2024
In the latest high-profile exit from Swiggy, Karan Arora, Vice President and Head of Supply Chain Management (SCM) at the food delivery giant, has announced his resignation after a tenure of three and a half years. Arora’s departure adds to a series of top-level exits at Swiggy, with notable figures like Karthik Gurumurthy, the former […]
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Walmart Increases Flipkart Stake As Valuation Dips After PhonePe Demerger
- by BW Retail World Bureau
- March 18, 2024
E-commerce marketplace Flipkart, owned by US-based retail giant Walmart, has witnessed a substantial dip in valuation, plummeting by approximately USD 5 billion or around Rs 41,000 crore as of January 2024 compared to its value in January 2022. This decline is revealed through equity transactions executed by Walmart, Flipkart’s parent company. According to Walmart’s restructuring […]
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Country Delight Sacks Up $20 Mn Funding
- by BW Retail World Bureau
- January 6, 2024
Country Delight, a direct-to-consumer (D2C) fresh foods brand has raised around USD 20 million (around Rs 164 crore) in a funding round led by Singapore’s sovereign fund Temasek, which is one of its backers. In addition to Temasek-owned asset management business Seviora, which invested through its agriculture and food-focused investment vehicle, Seviora T3F Fund, another […]
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Invesco Revalues Swiggy Again, Raises Its Worth To $8.3 Bn
- by BW Retail World Bureau
- January 5, 2024
Invesco, the US-based asset management company, has once again revised the valuation of Indian food delivery giant Swiggy, raising it to USD 8.3 billion, according to recent regulatory filing. This marks the second consecutive adjustment to Swiggy’s valuation by Invesco. As of 21 October 2023, Invesco held 28,844 shares in Swiggy, with a total value […]
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Ola Electric Charges Up, Eyes Rs 5,500 Cr IPO In Indian EV Market Debut
- by BW Retail World Bureau
- December 23, 2023
Ola electric’s move marks a milestone as it aims to raise Rs 5,500 crore in a landmark IPO, drafts papers and presents key risk factors to potential investors to SEBI. This move sets the stage for the first-ever public listing by an Indian EV firm, disrupting the market and fueling the EV revolution. The proposed […]
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Burger Singh Raises Undisclosed Pre-Series B Funding, Valuation Soars To $52 Mn
- by BW Retail World Bureau
- December 15, 2023
Tipping Mr Pink, the parent company of the QSR brand, Burger Singh, has secured an undisclosed amount in a pre-Series B funding round, elevating its valuation to a robust USD 52 million. This funding round was led by Turner Morrison, with notable participation from Homage Ventures LLP – Office of Aditya Ghosh and a strong […]
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Ashok Leyland Seeks External Funding For Electric Vehicle Subsidiary Switch Mobility
- by BW Retail World Bureau
- November 20, 2023
The Hinduja Group’s flagship company, Ashok Leyland, has indicated that it is interested in obtaining outside funding for Switch Mobility, its electric car subsidiary. The managing director, Shenu Agarwal, stressed how crucial it is to choose the ideal strategic partner for this project. Agarwal emphasised that although the company welcomes outside investment, it would continue […]
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Oyo To Raise $250mn In A Pre IPO Round
- by BW Retail World Bureau
- October 14, 2023
According to media reports, Oyo, the hospitality unicorn, is seeking to secure USD 250 million in funding from investors amidst the delay of its initial public offering (IPO). A significant portion of this capital will be allocated to settling its USD 660 million term loan B. To make the funding round more appealing, Oyo plans […]
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ADIA To Invest Rs 4,966.80 Cr In Reliance Retail
- by BW Retail World Bureau
- October 7, 2023
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]