2024 Ahoy! Tread cautiously towards startup IPOs
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
Emerging from a period of stagnation spanning the past 12-16 months, nearly 40 new-age companies are preparing to go public or become IPO-ready by FY25.
Softbank looks to raise around $150 million by selling around 4% stake in Delhivery via block deal route.
Carlyle was looking to exit Delhivery by offloading its entire 2.53% stake in the logistics firm at a base price of ₹385.5 apiece.
Fifty-one India-domiciled businesses racked up a cumulative loss of $6.5 billion in FY22, raising questions on rich valuations
The development comes after another major global investor Tiger Global sold 1.2 crore shares in a Gurugram-based company at ₹335 apiece in Feb.
SoftBank, through SVF Doorbell (Cayman), is looking to sell its stake worth ₹600 crore in Delhivery via a block deal.
Net loss of the logistics services provider widened to ₹196 crore in the third quarter.
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Consumer discretionary spending remained muted due to continuing high levels of inflation, says Delhivery in Q2 update.
The Sensex and Nifty are poised to rise on Tuesday, tracking gains in Asian stocks and firm trends on SGX Nifty futures.