🚨 Swiggy Vs Zomato: Decacorn Duel Heats Up
Swiggy raced ahead in food delivery from 2015 to 2020, but Zomato took the lead after.
Now, with Swiggy’s IPO on the horizon, both are prepping for a showdown in the public markets.
Our exclusive report -https://t.co/TxfaYulEGr
⚡️🛵 For Reliance Retail and JioMart, quick commerce has been a shoe that doesn’t quite fit.
The group attempted rapid delivery in Mumbai and Bengaluru with underwhelming results.
Reliance Retail has made little headway in quick commerce despite owning supermarket chains and stakes in delivery-focused startups like Dunzo and Grab.
In this In-Depth article, @AditiS90 digs into the operational and organisational hurdles complicating its ambitions.
https://t.co/uMjowPawyj
First, there was the Shark Tank drama, with Deepinder Goyal claiming he got booted because Swiggy is sponsoring the show 🦈
Now, Zomato has announced a new fundraising plan, just ahead of Swiggy’s IPO.
This rivalry is about to get even crazier 🍿
https://t.co/4eCyipl5cO
🚨 Peak XV's move to cut its fund size by 16% has caught the headlines.
But the bigger change was Peak XV reducing fees and profit share for seven of its funds 📉
This will mean hundreds of millions of dollars in additional payouts to its LPs 💰
https://t.co/4wyGNLoTbT
🚨 PhysicsWallah has raised $210 mn in funding led by Hornbill Capital along with Lightspeed Venture Partners
Valuation jumps 2.5x in 2 years - from $1.1 bn to $2.8 bn 📈
The new round includes $35 mn cash out for employees and founders 💰
https://t.co/7Fi5j9tKwn
🚨 BIG: Oyo is acquiring the US-based Motel 6 chain from Blackstone
Ritesh Agarwal-led startup is paying $525 million in cash to expand its presence in the US 🇮🇳➡️🇺🇸
More details👇
https://t.co/PmqHNxVk9a
📢 Super excited to announce that Soumya Gupta (@bytesofnews) has joined @thearchq 🚀
She’ll be crucial in deepening our coverage of India’s consumer economy and helping us expand our editorial team.
Thrilled to have her on board! 🙌
🚨Exclusive🚨Nandan Nilekani’s Fundamentum is set to lead a $70 million round in Epimoney
Epimoney is a lender for small and medium businesses.
More details on company performance & new investors: https://t.co/0fmLuYxO6r
🚨 World Bank's arm IFC wants to invest $20 mn in taxi fleet management co Everest 🚖
This is a part of a larger $50 mn raise being done by Everest. It's backers include Uber 💰
https://t.co/3VTGmduGnQ
🚨 Investors vie for stake in discount broker Dhan 💰
Tiger Global, Left Lane and PE firms are looking to back the three and half year old startup
Valuation in 2021: $105 mn
Valuation in 2024: $1.5 bn
What's fuelling this growth❓ https://t.co/TD3nTA9j1R
🚨 A host India Inc bigwigs are sitting on good returns in Ola Electric's IPO
Ratan Tata's VC bet is expected to score 10x
Pawan Munjal also holds a stake in Ola Electric. His co Hero MotoCorp is the biggest shareholder in Ather
Details 👇
https://t.co/OIIFR8ZeRO
🏥 💊 Behind Medikabazaar's Troubles
Understand how Medikabazaar scaled its equipment business through a partnership with a Chinese equipment manufacturer, where it went wrong, and how investors are looking to get it back on track.
Details👇
https://t.co/mrPEEd6kWi
🚨🚨China’s United Imaging, which produces CT and MRI machines, has been Medikabazaar's biggest partner in its medical equipment business.
This is also the largest business segment where Medikabazaar is suspected of overstating revenues.
https://t.co/nTxQGqAJUE
🚨Acquisition🚨 Acko has acquired OneCare, a startup involved in chronic care management, in an all-cash deal.
OneCare founders Rakesh Shivran and Sagar Bhat will join Acko’s leadership.
https://t.co/fp2zB81nMl
🚨BIG🚨 Qatar Investment Authority is going after promoter Byju Raveendran's personal assets valued up to $235 mn.
This is a rare instance, but also reflects the levels of depth of financial engineering undertaken by Raveendran.
https://t.co/8Wc19kqhuD
🛑 Reliance Retail has had a sluggish quarter hurt by fashion biz 🛑
“..Retail growth has taken a breather as RIL is streamlining operations, including some store closures, to improve profitability,” BNP Paribas said.
More analyst commentary: https://t.co/SYYjgQ77rm
🚨 Ola Electric IPO coming in the first week of August
Company likely to be valued at $4.25-4.5 billion
That is over a 20% discount from its valuation of $5.4 billion in a round led by Singapore's GIC in 2023
https://t.co/KAhJHh4hzq
🚨 Former Premji Invest partners Atul Gupta and Rajesh Ramiah, along with IFC's Pravan Malhotra have launched a new fund
Trident is looking to raise over $200 mn
Second growth stage fund to come out of Premji Invest after Creagis
https://t.co/i3IVtlaZQJ
💰 Trident will focus on deals of $15-20 mn in consumer, tech & financial services startups
A big gap in the $15-25 mn growth stage funding as hedge funds disappeared
2022 - 115 deals in this range
2023 - 44 deals
Data: DC Advisory
🚨 World Bank's IFC to invest $20 mn in Innovaccer
This is part of the software company's bigger series F funding round of about $200 million
https://t.co/awhfRp46Aq