Heavy Interest From Anchor Investors Fail To Lift Price Of Paytm’s Unlisted Shares
The much awaited initial public offering (IPO) of One 97 Communications, the parent company of Paytm, opens on Monday (November 8) at the price band of INR 2,085 – INR 2,150. As the mega IPO aimed at raising a massive INR 18,300 Cr nears, investors have turned cautious and trading volumes have also turned thin in the grey market. The unlisted shares are currently trading at a price of INR 2,300-2,575 per share, compared to around INR 2,650 – INR 2,700 last week. The prices have declined since the announcement of the price band (INR 2,08…
India Recorded 113 Mn Mobile Shopping App Downloads In October 2021
According to an ecommerce trends report published by Sensor Tower , mobile shopping application installs in India reached over 80 Mn in July; the first time that has happened since October 2020. According to the company’s preliminary data, this number reached 113 Mn downloads in October 2021. Among the top 10 shopping apps in Thailand, Indonesia and Vietnam, average monthly active users (MAU) were up by 40 per cent in Q2 2021, compared to Q1 2019. The average MAU of shopping apps in India had declined in Q3 2020 due to the removal of Club …
India Recorded 113 Mn Mobile Shopping App Downloads In October 2021
According to an ecommerce trends report published by Sensor Tower , mobile shopping application installs in India reached over 80 Mn in July; the first time that has happened since October 2020. According to the company’s preliminary data, this number reached 113 Mn downloads in October 2021. Among the top 10 shopping apps in Thailand, Indonesia and Vietnam, average monthly active users (MAU) were up by 40 per cent in Q2 2021, compared to Q1 2019. The average MAU of shopping apps in India had declined in Q3 2020 due to the removal of Club …
![[Funding Galore] From Zepto To Fi — Over $171 Mn Raised By Indian Startups This Week](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_voEawWT-nwxL34jfwv1OLAYraUcjXAXRX5nCjmj8jJFGUvDJM1fss58IlNJAY2GZytnnLzjeh4MEAnEVHZoBJYEkMTGwJtHZiIywm0SmcT7dVy9Q5ZSonUp-dwYT74j9Wy_zJdNdbm5m4i=w640)
[Funding Galore] From Zepto To Fi — Over $171 Mn Raised By Indian Startups This Week
The month of November started with a significant dip in the investment received by the Indian startup ecosystem. Between November 1 and November 6, 2021 the startup community managed to raise $171 Mn across 14 deals. This is a 87.7% drop from the previous week, when the startup community picked up $1.4 Bn in total funding, and a 76% drop from the week prior when startups raised $724 Mn between October 18 and October 23 . The significant drop in the funding can be attributed to Diwali, one of the major Hindu festivals celebrated countrywi…
Investment Syndicate Seeders To Back 24 Early Stage Startups By FY22
In the past year, micro VC firms have become a suitable form of funding for small businesses and startups. Seeking initial capital investment in their early stages of growth, in 2020, early-stage startups raised $403 Mn at the seed stage — nearly double the $255 Mn in 2019. In 2021, the Indian startup ecosystem recorded about 532 deals ($808 Mn) in the seed stage. While on one hand, early stage-focussed micro VC funds are becoming more and more popular in the Indian startup ecosystem, syndicates are becoming increasingly common, too. One su…
Exclusive: B2B Ecommerce Giant Udaan Raises $10 Mn From InnoVen Capital
B2B ecommerce platform Udaan has raised INR 75 Cr ($10 Mn) from debt venture firm InnoVen Capital. In a resolution passed by the company on November 2, Udaan has allotted 750 non-convertible debentures to pick up INR 75 Cr from InnoVen Capital. The development comes almost a month after Inc42 exclusively reported about Udaan receiving shareholders’ nod to raise INR 2,000 Cr by allotting NCD within a period of one year. In the later half of September, the company had raised INR 50 Cr from another debt venture capital Blacksoil in multiple …
![[The Outline By Inc42 Plus] The Travel Roller Coaster Climbs Up](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tLQ1yXcjPaqomjSQB5ZMIdEQIw5DUgLAU7lHKTodUBRvEVyrdb7OONqVs-YXdSc4Cz1ZL-FL5AnIBaRlFHCSDHN8y0aq5f7-yy9T7SLONknRnjZICBJgc5K3OY0YKDtl7-4qPfWj4KxTwq9X0qKoKRn8db=w640)
[The Outline By Inc42 Plus] The Travel Roller Coaster Climbs Up
As I write this from my workation, dozens of families around me are revelling in their vacation, seemingly having put the trials of Covid behind them — and for many of them, it’s their first holiday in nearly two years. If this mini Diwali holiday is any indication, the good days are back for the Indian travel industry, amid a recovery phase in late 2021. Or at least, it’s the first signs of a big enough recovery for travel tech companies and startups in India, enough to look beyond the slowdown of the past two years. In the first half... Thi…
Org Chart: The People With Power At IPO-Bound Delhivery
Earlier this week, logistics unicorn Delhivery joined the growing list of Indian startups waiting to go public. The Gurugram-based unicorn filed its DRHP filing with plans to raise a total of INR 7,460 Cr. Its offer comprises of fresh issue of INR 5,000 Cr and an INR 2,460 Cr offer for sale (OFS) by existing shareholders, including share sale of up to INR 750 Cr by SoftBank . The INR 2,460 Cr OFS includes stake sale by other investors Carlyle Group, Nexus Venture Partners and Times Internet and Delhivery founders Kapil Bharati, Mohit Ta…
Ola Pilots 15 Mins Delivery Of Grocery In Bengaluru
Mobility unicorn Ola has kickstarted its pilot for quick delivery service in parts of Bengaluru. The startup has started delivering items within 15 minutes. At present, Ola is delivering grocery, personal care and pet care products. According to a PTI report , the unicorn cab aggregator is starting a pilot of its ‘Ola Store’ initially in a few major localities in the city and will expand the services to other cities in the coming months. The new service can be availed through the Ola app, but the company has rolled it out for selected cu…
Tata Sons Do Not Get Injunction Against Tata Coin: Delhi High Court
Tata Sons, the holding company of Tata group, was unsuccessful in its bid to get the Delhi High Court to file an injunction against the operation and sale of a cryptocurrency called the ‘Tata coin’ or ‘$Tata’. In this lawsuit filed by Tata Sons with the Delhi high court, the defendants are companies based in the United States and the United Kingdom with no Indian presence. Because of the fact that they were outside the sovereign borders of India, they were statutorily outside the reach of the Trade Marks Act, 199 and the Code of Civil Proc…
A Look At the Shareholding Pattern Of IPO-Bound Logistics Unicorn Delhivery
Gurugram-based Delhivery is planning to raise about INR 7,460 Cr through an initial public offering (IPO). The logistics unicorn’s existing investors, including the largest shareholder SoftBank would offload part of their shares in the offer for sale, which is expected to aggregate up to INR INR 2,460 Cr. As shareholders and founders look to offload their shares from the company, here is a look at the shareholding pattern of the logistics major. Masayoshi Son-led SoftBank holds 141,593,300 equity shares, including those accrued upon convers…
Exclusive: On Diwali Eve, US Giant Amazon Infused INR 1,000 Cr In Amazon Pay India
On the eve of Diwali, the US ecommerce giant Amazon infused INR 1,000 Cr ($134 Mn approx) in its Indian payment arm – Amazon Pay. As per the regulatory filings, the US ecommerce giant will be receiving 1,000,000,000 equity shares of Amazon Pay India for $134 Mn. It is worth noting that the latest infusion came almost a month later when Amazon Pay India received INR 450 Cr ahead of the Navratri and Dussehra. Back then Amazon Pay India had allotted a total of 49,955,036 equity shares to Amazon Corporates Holdings and Amazon.com.incs Limite…
Paytm May Consider Bitcoin Offerings, If Govt Legalises Cryptocurrencies
IPO-bound fintech decacorn Paytm might consider offerings featuring Bitcoin and other cryptocurrencies if the Indian government legalises them, Paytm’s chief financial officer Madhur Deo said. Last month, One97 Communications, which runs Paytm, received the Securities and Exchange Board of India’s (SEBI) nod for its initial public offering (IPO). The fintech giant is looking to raise INR 18,300 Cr via IPO, which will open for subscription on November 8th and close on November 10th. “Bitcoin is still in a regulatory grey area if not regulat…
Cricket NFT Platform Faze Raises $17.4 Mn; Partners With ICC To Launch Marketplace & Tokens
Mumbai-based Faze Technologies, which allows fans to collect, use, play and interact with cricket through NFTs, has raised a seed round of $17.4 Mn. Led by Tiger Global, the round also saw participation from Coatue Management, Sequoia Capital India, Dapper Labs, Samsung Next and Courtside Ventures. Founded by Anshum Bhambri, Sundar Raman (the founding COO of the Indian Premier League (IPL) and former CEO of Reliance Sports), and Kushagra Kohli, the startup plans to use the funds to build an NFT Marketplace, acquire a user base, hire talent a…
India’s Crypto Economy | Of Crypto Scams And Prolonged Probes
Dear reader, Amid a spurt of crypto ads, the crypto community across the country is growing exponentially. It is not wishful thinking. According to stockbroker analytics group BrokerChooser , more than 100 Mn people in India have actively or passively invested in crypto, the highest in the world. But every growth story has a dark side. So, it is not surprising that India has become a hotbed of crypto frauds . What’s even more worrying is that most of the probes into these alleged scams have reached nowhere even after years. Before we del…
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