South Korea’s WeMakePrice declared bankrupt by Seoul court

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

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

SUMMARY Shares of Lenskart made a muted debut on the bourses, listing 3% below the issue price at INR 390 apiece on the BSE The company’s shares touched a high of INR 413.80 (+2.98% from IPO price) and a low of INR 355.70 (-13.02% from IPO price) on the BSE On the NSE, the company’s shares ended at INR 404.55, up 2.42% from listing price of INR 395 and 0.63% from IPO price Update | November 10, 17:10 IST Shares of LensKart recovered during intraday today after making a muted debut on the bourses today. The company’s… Source link