🚨 Flipkart to acquire majority stake in artificial intelligence (AI) and machine learning (ML) startup Minivet. Minivet focuses on generative videos for the product catalogues of e-commerce companies.

Ola Electric promoter Bhavish Aggarwal has sold a 2.18% stake in the company for over Rs 324 crore over the last three days. The company said these sales complete Aggarwal’s plan to repay a Rs 260 crore promoter loan. Ola Electric’s share price hit a record low of Rs 30.76,

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🚨💰 L Catteron, a fund backed by luxury major LVMH, has acquired an undisclosed stake in India's largest ethnic foods company, Haldiram's. The two companies also announced a strategic co-operation deal where Haldiram's will be able to "tap into L Catterton's global consumer

Ola Electric promoter Bhavish Aggarwal sold shares worth Rs 142 crore through bulk deals as part of a plan announced yesterday to repay a promoter loan of Rs 260 crore. The sale follows an earlier disposal of shares worth Rs 92 crore on Tuesday. The stock fell nearly 5% today,

🚨MoEngage, a customer engagement and marketing tech platform, has raised another $180 mn from investors like ChrysCapital, Dragon Funds and Schroders Capital This comes after it announced a $100 mn round from A91 Partners and Goldman Sachs last month, taking total funding to

Ola Electric says that the share sale by founder Bhavish Aggarwal is part of "limited monetisation" to repay the promoter loan of Rs 260 crore. Aggarwal sold shares worth over Rs 90 crore on Tuesday at Rs 34.99 per share as the stock inches towards a lifetime low. "This action

Shares of Blinkit owner Eternal and Swiggy fell more than 4% today. Together, the two companies lost over $2 billion in market capitalisation. The drop followed reports that Zepto is set to file for an IPO next week, targeting a raise of $500–800 million.

Flipkart’s reverse flip to India from Singapore is a complex process. The company was last valued at $37 billion, making it the largest company to undertake ghar wapsi. While US retail giant Walmart holds close to an 80% stake, Flipkart is also backed by investors such as

The NCLT directive sanctioning the consolidation of entities

🚨 NCLT's principal bench has approved the process of Flipkart, India's largest e-commerce platform. Under the move, Flipkart's Singapore-based entities will be merged into Flipkart Internet, based in Bangalore, which will now become the holding company.

🚨 Mattress brand Wakefit's shares open at a flat price of Rs 195, before falling by 9% and then recovering in early trade Backed by Peak XV Partners and Investcorp, Wakefit now has a market capitalisation of over Rs 6,300 crore

Swiggy’s QIP will take its cash reserves to about Rs 17,000 cr (including Rs 2,400 cr from the Rapido stake sale). That puts it almost at par with Blinkit owner Eternal’s Rs 18,314 cr. Zepto said it had Rs 8,150 cr in cash in October after its latest fundraise. All eyes are now

The move will help Swiggy become an Indian owned and controlled company as it looks to bring down foreign ownership below 50% Right now, it is 58.5% foriegn owned, down from over 80% at the time of listing last year Read more on its quick comm biz here https://t.co/htClAB2WuP

🚨 Domestic mutual funds dominate Swiggy's Rs 10,000 crore QIP About 80% of the QIP has been allotted to domestic investors like ICICI Prudential, SBI Mutual Funds and Aditya Birla MF. Foreign investors like Temasek, GIC and Nomura have also participated. Swiggy has issued

🚨 Shiprocket, a logistics platform focused on consumer brands, has made an updated filing for a Rs 2,423 crore IPO Primary raise: Rs 1,100 crore Offer for sale: Rs 1,242 crore Sellers include Lightrock, Tribe Capital and founders including Saahil Goel and Gautam Kapoor

Reliance Retail is doing 1 mn orders a day, with 90% delivered within 30 mins as part of its quick-commerce push, according to ET. For context: Blinkit did 2.4 mn orders per day in the July–Sep quarter Swiggy Instamart did 1.1 mn orders per day in the July–Sep quarter

Honasa's Rs 195 crore acquisition of Reginald Men looks like an amazing outcome.. - Reginald Men’s parent company, BTM Ventures, was founded just a little over three years ago. - It appears to have been completely bootstrapped. - Founder Trisha Reddy Talasani is only 24–25

Mamaearth's parent co, Honasa, has acquired Reginald Men at an enterprise value of Rs 195 crore. Reginald had revenues of Rs 74 crore over the last 12 months with EBITDA of Rs 18 crore. With this deal, Honasa enters the men's personal care category.

Meesho’s market cap has touched $9 bn, up from its $5.8 bn IPO valuation - a 55% pop. For Elevation Capital, its early bet could now return the $350 mn fund it invested in by 3x. Power law in action.

Meesho nearly shut down more than once in its early years. Early investor Mukul Arora says that nine out of ten startups facing similar circumstances would not have survived. Full interview: https://t.co/TSdRroKAOx