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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.
Detractors had predicted its death but the company behind brands such as Faasos, Behrouz Biryani and Mandarin Oak has proved them wrong.
Editor's note: Bennett Coleman & Company Ltd is one smart cookie. In 2016, Faasos Food Services Pvt. Ltd issued three-year warrants to BCCL for Rs 16 crore. Early this year, the company exercised those warrants. (A warrant is a financial instrument that gives one the right to buy, or sell, a security at a certain price within a specific period.) And now, about six months later, BCCL is selling its stake in the company in a secondary transaction. It has appointed an investment banker which has started pitching to high-net-worth individuals, and family offices. Three industry executives and investors we spoke with said that BCCL is selling at a significant discount. Not surprisingly, suitors are lining up, hoping to buy into a company which was last valued at $800 million. If we were to put a number to it, BCCL’s investment in Faasos—renamed Rebel Foods Pvt. Ltd in 2018—of Rs 16 crore stands at about Rs 60 crore today, three years on. (Correction: An earlier version of this story misstated the current value of BCCL's investment.) BCCL is about to make a …
The online storytelling company is betting that content will be the most sought-after commodity as scores of platforms jump on the microdrama bandwagon. But success will hinge on whether it has a good enough story to draw the audience.
SEBI has lowered the bar for loss-making startups to list. In that context, a company like Zepto redefines the meaning of risk in public market investing.
The 15-year-old company has bought one brand after another in the hope of growing fast. That plan has fallen flat on its face, but there’s no stopping Wingreens.
