Shein is filing for an IPO at $64B valuation

There's obviously the climate cost of everything, but to be more valuable than H&M ($22B), Gap ($16.7B), and UNIQLO ($15.7B) at just ~10 years of existence is crazy

- NEWME, a fashion brand for Gen Z women, has secured $18 million in a funding round led by Accel, with participation from Fireside Ventures and AUM Ventures. - The capital will be used to enhance the company's omnichannel presence and improve its supply-chain technology, according to CEO Sumit Jasoria. - NEWME plans to open 40-50 stores in 20 key cities, including Guwahati, Shillong, and Imphal, over the next 12-18 months. - The funding comes as more companies focus on the Gen Z market, with competitors like Lyskraft and major players like Flipkart and Myntra also targeting this demographic. - Accel's Anand Daniel highlighted the potential of D2C brands in India's retail sector, which is projected to reach $2.2 trillion by 2030. Source: Moneycontrol - tinyurl.com/29nkuujy

- Fractal Analytics plans to file its draft red herring prospectus (DRHP) for an IPO with the Securities and Exchange Board of India by the end of next month or early September. - The company, founded by four IIM Ahmedabad graduates, aims for a $3 billion valuation on the Indian bourses. - The IPO size is expected to be between $500-600 million, primarily consisting of secondary share sales by existing investors. - Fractal Analytics counts TPG Capital and Apax Partners among its key private equity investors. - The exact quantum of secondary stake sales is yet to be finalized, leaving the final IPO size uncertain. Source: Moneycontrol

- Vishal Mega Mart, backed by Kedaara Capital and Partners Group, is considering a confidential pre-filing with Sebi for its IPO. - If successful, it will be the fourth firm to use this route after Tata Play, Oyo, and Swiggy. - The IPO could raise between $750 million to $1 billion, with draft papers expected to be submitted within 7-10 days. - The pre-filing route allows firms to keep sensitive business details confidential until a final decision on listing is made. - Vishal Mega Mart operates 589 franchised stores across 350 cities, targeting lower middle-class customers in the organized value retail market.

Who is getting how much 💸

- Mukesh Ambani, Asia's richest man, is intensifying his efforts to dominate India's affordable fashion market by partnering with Chinese e-commerce giant Shein. - Tata Group's Trent Ltd. has seen a significant surge in sales and profits, driven by its fast-fashion brand Zudio, which appeals to young consumers with trendy, low-cost clothing. - Reliance Industries Ltd. has invested over $2 billion in its retail unit and raised an additional $6 billion from global investors, aiming for a blockbuster IPO. - Shein's reentry into the Indian market, facilitated by Reliance, could be a game-changer as Ambani seeks to capture the fast-fashion crown. - The competition between Ambani and Noel Tata is set to intensify, promising more choices for young Indian consumers in the under-$12 fashion segment. Source: [Business Standard](https://www.business-standard.com/companies/news/ambani-takes-shein-s-help-to-battle-tata-in-race-to-sell-affordable-fashion-124082000066_1.html)

Do you guys agree with the list? Anymore candidates

Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot

Yep, this is the exact headline that should have been put out for Meesho's raise. VCs will literally do anything to help a startup IPO and then throw the retail investors under the bus.