Company
Swiggy Launches $65M ESOP Liquidity Programme Ahead of IPO
Recently launches of Swiggy fifth ESOP liquidity programme worth $65M mark a significant impact in its jornery. This initiative, worth $65 million, aims to provide significant financial benefits to its employees. Empowering Employees with ESOP Liquidity Swiggy’s latest ESOP (Employee Stock Ownership Plan) liquidity programme is designed to allow employees across all levels and functions […]
Groww Investor Base Doubles and Reached to 11M in One Year
Groww has doubles its active investor base within a single year, reaching nearly 11 million users. This surge highlights Groww’s rising influence in the competitive Indian investment market. Significant Growth Compared to Last Year According to a report by Moneycontrol, Groww’s user base was around 5.65 million during the same period in the previous year. […]
OYO to Add SoftBank Sumer Juneja to Board: Strategic Move
The Oyo parent, Oravel Stays Ltd, is reported to add SoftBank Sumer Juneja to its board. Sumer Juneja, the managing partner and head of EMEA & India Investing at SoftBank Vision Fund, expected to join as a non-executive director. This appointment, however, is subject to shareholders’ approval at an extraordinary general meeting (EGM). The Potential […]
SoftBank Exit from Paytm: Insights and Impact on Fintech
SoftBank strategic exit from Paytm has drawn significant attention in the financial world. This move, marked by a substantial loss, raises questions about the investment strategies and future prospects of one of the largest tech investors globally. SoftBank’s Investment in Paytm SoftBank initial invested in One97 Communications, a Paytm parent company in 2017 around $1.5 […]
Paytm Stake: Mutual Funds Increase as FIIs Reduce Holdings
The financial landscape is witnessing a significant shift as mutual funds continue to increase their stake in Paytm, while foreign institutional investors (FIIs) reduce their holdings. This trend is shaping the ownership dynamics of the fintech giant, One97 Communications Limited, which operates under the brand name Paytm. Mutual Funds Show Growing Confidence in Paytm In […]
Zomato Dissolved Slovakian Subsidiary: Focusing on India Growth
In a strategic move, Zomato has dissolved its Slovakian subsidiary effective 12 July, 2024. This decision underscores Zomato focus to concentrate its operations mainly in market of India. The dissolution follows the company’s announcement last September about beginning the liquidation process of its Slovakian operations. This article delves into the implications of this move and […]