10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
EnterpriseTech

EaseMyTrip Allots 12.57 Cr Shares For Various Acquisitions


SUMMARY

The company’s board approved the allotment of fresh equity shares to acquired businesses Jeewani Hospitality, Rollins International, Pfledge Home Health Care Center, and Planet Education promoters Gagandeep Singh and Sanket Champaklal Shah

EaseMyTrip said that the allotted 12.57 Cr equity shares are worth INR 229.03 Cr, a premium of about 40% considering the closing price of the company’s shares of INR 13.09 yesterday on the BSE

The promoters and promoter group stake in the company will reduce to 48.62% from the erstwhile…



Source link

by INC42

SUMMARY Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for sale component (OFS) of the edtech SaaS company’s IPO Info Edge said its wholly owned subsidiary Startup Investments Holding Limited (SIHL) has approved the divestment via the OFS route Meritto is reportedly looking to raise between INR 500 Cr to INR 600 Cr ($60 Mn to $70 Mn) at a valuation of around INR 2,000 Cr ($234 Mn) Info Edge will offload about 3.8 Cr shares of Meritto (formerly NoPaperForms) via the offer-for… Source link

by INC42

SUMMARY The startup turned profitable in the first half of the ongoing financial year (H1 FY26), posting a consolidated net profit of INR 1 Cr as against a loss of INR 6.8 Cr in the same period last year ts operating revenue surged 25.1%YoY to INR 359.2 Cr during the period under review Capillary Technologies’ total expenses rose 18.3% to INR 322.7 Cr in H1 FY26 from INR 272.7 Cr in the year-ago period IPO-bound Capillary Technologies turned profitable in the first half of the ongoing financial year (H1 FY26), posting a… Source link

by INC42

Nasdaq-listed SaaS major Freshworks narrowed its consolidated net loss by 84.4% to $4.7 Mn in the third quarter of the calendar year 2025 (Q3 2025) from almost $30 Mn in the previous year on the back of a steady rise in customer adoption and strong top line growth. However, loss widened 2.8X from $1.7 Mn in Q2 2025. The company’s revenue jumped 15.3% to $215.1 Mn during the quarter under review from $186.6 Mn in Q3 2024. On a quarterly basis, it grew 5% from $204.7 Mn. Freshworks managed to trim its quarterly expenses by almost 3% to $189.6… Source link