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OfBusiness Cofounder Nitin Jain Quits

India, Dec. 17 -- Nitin Jain, cofounder and chief business officer (CBO) of IPO-bound OfBusiness, has stepped down from his position. In a LinkedIn post, Jain said he was "moving on" from OfBusiness ... Read More


Wakefit Makes Muted Public Market Debut, Shares List Flat

India, Dec. 15 -- Wakefit's shares made a muted debut on the bourse today, listing at INR 194.10 on the BSE against the issue price of INR 195. On the NSE, the shares of the D2C mattress and furnitur... Read More


Exclusive: IPO-Bound Atomberg In Talks To Raise INR 40 Cr In Secondary Capital

India, Dec. 15 -- Home appliances startup Atomberg, which is gearing up for its IPO, is in talks to raise INR 40 Cr (about $4.8 Mn) in secondary capital in a round led by Forj Capital, with participat... Read More


[Update] Wakefit Ends First Trading Session Over 2% Lower Than Issue Price

India, Dec. 15 -- Updated | December 15, 17:02 IST Shares of Wakefit ended their first trading session at INR 192.30 on the BSE, down 1.38% from the issue price of INR 195 and 0.93% from the listing ... Read More


Flipkart Gets In-Principle Nod From NCLT For Reverse Flip To India

India, Dec. 15 -- Ecommerce giant Flipkart has received in-principle approval from the National Company Law Tribunal (NCLT) to shift its domicile back to India from Singapore, ahead of the company's a... Read More


Swiggy Closes INR 10K Cr QIP By Issuing Shares At INR 375 Apiece

India, Dec. 13 -- Listed foodtech giant Swiggy has raised INR 10,000 Cr (around $1.2 Bn) through its qualified institutional placement (QIP) by issuing 26.7 Cr equity shares. In an exchange filing, t... Read More


Faad Capital Cofounder's BYT Capital Launches INR 180 Cr Maiden Deeptech Fund

India, Dec. 11 -- Bengaluru-based VC firm BYT Capital has launched its maiden deeptech fund with a corpus of INR 180 Cr (about $20 Mn). The Category II AIF aims to back 18-20 startups with an average... Read More


[Update] Wakefit IPO Closes With 2.5X Oversubscription

India, Dec. 10 -- Update | December 10, 20:00 IST D2C mattress and furniture startup Wakefit's IPO closed with an oversubscription of 2.5X. The public issue received bids for 9.16 Cr shares against 3... Read More


IIT Bombay Startup Incubator Rolls Out INR 250 Cr Deeptech Fund

India, Dec. 10 -- IIT Bombay's startup incubator Society for Innovation and Entrepreneurship (SINE) has unveiled India's first incubator-linked VC fund, Y-Point Venture Capital Fund, with a target cor... Read More


Wakefit IPO: Issue Oversubscribed 1.94X Till Now

India, Dec. 10 -- D2C mattress and furniture company Wakefit's IPO picked up pace during the third day of bidding, with the issue oversubscribing 1.94X at 14:39 IST. The issue received bidding for 7.0... Read More