Shadowfax Technologies has filed a confidential draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering. As per sources, the IPO size is expected to be in the range of Rs 2,000 – Rs 2,500 crore, comprising a mix of fresh issue and offer for sale (OFS) … Read more
“I think that consumption demand if it improves in a weaker demand environment plus, of course, with the competition from quick commerce that they have faced, they are maintaining very solid footfalls and very solid same store sales growth,” says Jignanshu Gor, Bernstein India.Let us start with DMart. The general view is that DMart has … Read more
India’s BigBasket is planning to go public in the next 18 to 24 months, its CEO said, as the Tata Group-backed grocery giant seeks to tap surging demand for quick online deliveries of everything from fruits to Apple iPhones. The company is on track to double its business year-on-year by March 2026 and expand to … Read more
Zomato has had a tough start to 2025, with its stock dropping nearly 30% from its 52-week high, reducing its one-year return to 60% following disappointing quarterly results. A standout performer in 2024, the company is now under scrutiny as investors reassess its valuation, growth strategy, and the sustainability of its earnings. For those who … Read more
Blinkit, Swiggy Instamart, Bigbasket, and Zepto had a field day on Akshaya Tritya, thanks to their offer to deliver gold and silver coins in just 10 minutes. To mark the auspicious occasion of Akshaya Tritya and offer gold and silver coins on the doorsteps of the customers, Bigbasket partnered with Tanishq and MMTC-PAMP. Similarly, Swiggy Instamart … Read more