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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
ICICI Prudential, SBI MF and Aditya Birla Sun Life MF account for 37% of the delivery giant’s fundraise.
India’s top mutual funds lapped up Swiggy’s qualified institutional placement fundraise of Rs 10,000 crore, the second largest QIP by a non-banking company ever in India.
According to the company’s disclosures to stock exchanges, domestic mutual funds emerged as the single largest investor group in the QIP. ICICI Prudential Mutual Fund was allotted about 16% of the issue through 12 of its schemes, while SBI Mutual Fund picked up roughly 15% via eight schemes. Aditya Birla Sun Life Mutual Fund received close to 6% through 10 schemes. In all, 21 mutual fund houses participated, including all of the country’s top-10 …
The space tech startup’s next bet is to build a business where it can sell more than just hyperspectral imaging. The sky is the limit but the money is finite.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
