Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap.
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.”
Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch.
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications.
Table Space, an Indian managed workspace provider, is targeting a valuation of $2.5 billion or more for an IPO planned for next year, sources familiar with the matter told TechCrunch.
Physics Wallah, an Indian edtech startup, has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space.
Indian logistics firm Delhivery has publicly contested the accuracy of the metrics presented by competitor Ecom Express in its draft initial public offering prospectus, a rare confrontation in the lead-up to the latter’s market debut.
Indian electric scooter manufacturer Ather Energy plans to raise about $370 million by issuing fresh shares in an initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market.
BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattling startup in about a year and further intensifying concerns about its financial health and governance.
India’s top court has put on hold a tribunal ruling that halted Byju’s insolvency proceedings in a win for U.S. creditors that are seeking $1 billion from the edtech startup.
@2025 – All Right Reserved. Designed and Developed Startupnews