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E Commerce

Fidelity Increases LensKart Valuation By 21% To $6.1 Bn


SUMMARY

Fidelity gave a 22% bump to $6.1 Bn from $5 Bn in its monthly portfolio holdings update for the period ended April 30

The AMC investment firm joined the Piyush Bansal-led unicorn’s captable last year when it raised $200 Mn from Temasek and Fidelity Management & Research Company

The D2C eyewear startup attained its unicorn status back in 2019 when it raised $231 Mn from SoftBank

A fund managed by US-based financial services major Fidelity Investments has reportedly marked up the valuation of IPO-bound omnichannel…



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by Tech In Asia

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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