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E Commerce

Price Band Set At INR 492-517


SUMMARY

The $890 Mn new valuation is 8% lower than $970 Mn at which the startup was last pegged in 2024

As per its RHP, BlueStone has cut its fresh issue to INR 820 Cr and reduced the size of the OFS component to 1.4 Cr shares

BlueStone’s net loss soared 56% YoY to INR 221.8 Cr in FY25 while operating revenue zoomed 40% YoY to INR 1,770 Cr

New-age jewellery company Bluestone has set a price range of INR 492 to INR 517 for its upcoming IPO. With this, the company which was reported to have been eyeing the unicorn tag in…



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by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link