e-Commerce
CarTrade Shares Divested by The Investors: Impact Explained
In recent financial movements, CarTrade Shares Divested by significant players like Temasek, JP Morgan, and Warburg Pincus. The price of such divested shares are about amounting to a total of INR 535 crore. This move, which saw key transactions from Highdell Investment—a Warburg Pincus entity—and Temasek’s MacRitchie Investments, has garnered attention across the financial sector. […]
Infibeam and EDII Partnership for Empowering Startups and MSME
In a strategic move for business growth, Infibeam and EDII Partnership for adoption of Artificial Intelligence (AI) solutions. This collaboration seeks to empower startups, MSMEs, and EDII beneficiaries with cutting-edge AI software tools. So that they can enhance their commercial ventures and overall business capabilities. The Essence of the Partnership Infibeam renowned for its comprehensive […]
Bluestone Secures $12 Mn Debt Funding in Pre-IPO Round
Recently Bluestone Secures $12 Mn and secured a significant financial boost. Bluestone is a leading company in high quality jewellery market in India. It was founded in the year 2011 by Gaurav Singh Kushwaha. With year to year growth company recently raised INR 100 Cr in debt funding from Neo Markets. Neo Markets is a […]
Swiggy Stellar 2023 Performance and IPO Readiness: Highlights
The Swiggy Stellar 2023 Performance is notable and shows a remarkable growth across various metrics. It underlining its robust operational strategies and market leadership in the competitive landscape. According to Prosus, a major investor in Swiggy, the company’s financial results for the year were exceptionally strong, setting the stage for its highly anticipated initial public […]
CarTrade Gets Tax Notice INR 15.79 Lakh: Impact & What To Do
Recently a one of the largest online auto marketplace in India named CarTrade Gets Tax Notice from the Income Tax Department. This news came to light through a filing made by CarTrade with the Bombay Stock Exchange (BSE) on June 21st, 2024. Demand Notice Details The exact nature of the tax discrepancy is unclear from […]
Ecom Express Nears Unicorn Status with INR 350-400 Cr Funding
Ecom Express nears unicorn status with the advanced discussions to raise a substantial amount of INR 350-400 Cr from its existing investors. The primary stakeholders involved in this funding round include Warburg Pincus, CDC Group, and Partners Group. These discussions are nearing their final stages, indicating a high probability of success for Ecom Express. This […]