Unicommerce, backed by Snapdeal and SoftBank, will open its IPO anchor book on August 5, with listing expected on August 13.  The IPO subscription will be open from August 6 to August 8, with the o...

Welcome to News Discussion's Private Community

- Unicommerce, backed by Snapdeal and SoftBank, will open its IPO anchor book on August 5, with listing expected on August 13.
- The IPO subscription will be open from August 6 to August 8, with the offer for sale size reduced from 2.98 crore shares to 2.56 crore shares.
- Snapdeal plans to sell 94.38 lakh shares, while SoftBank aims to offload 1.61 crore shares in the IPO.
- Unicommerce reported a 15.5% revenue increase to Rs 104 crore in FY24, with net profit more than doubling to Rs 13 crore.
- The company, which provides SaaS-based e-commerce management solutions, saw a 37% increase in order items processed, reaching 77.2 crore in FY24. 

 Source: Moneycontrol

Unicommerce IPO Anchor Book to Open on August 5, Listing on August 13

Journalist

Unicommerce IPO Anchor Book to Open on August 5, Listing on August 13- Grapevine

I remember 2-3 years ago we started to integrate Uniware for our warehouse and order management use cases and we were pissed with the product and the allotted account manager was nonetheless the funniest employee unicommerce could have.

For every requirement he either denied us or asked that we have to bear the development costs.

To the current day, Opened groww app and randomly saw Unicommerce under IPO section. Was happy and shocked at the same time. Arrange meeting with higher authorities at Unicommerce to congratulate them on this.

Tell how was your experience with Unicommerce.

Unicommerce going for IPO! Is that the best in industry

Software Developer

- Unicommerce eSolutions Ltd made a strong debut on the NSE, listing shares at Rs 235 each, a 117.6% premium over the IPO price of Rs 108.
- The IPO, a book-built issue of Rs 276.6 crore, was open for subscription from August 6 to August 8 and was subscribed 168.35 times by the last day.
- Retail investor portion was subscribed 130.9 times, QIBs 138.75 times, and NIIs 252.46 times.
- The IPO is entirely an offer-for-sale of 2.6 crore shares, with a price band set between Rs 102 and Rs 108 per share.
- Established in February 2012, Unicommerce eSolutions operates a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics providers. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/unicommerce-esolutions-makes-stellar-market-debut-as-shares-list-at-118-premium-12794689.html)

Unicommerce eSolutions Makes Stellar Market Debut with 118% Premium Listing

Welcome to Indian Startups's Private Community

U think more profitable startups lik Unicommerce will ipo at low revenues?

Founder

- Jaipur-based D2C men’s grooming brand Menhood is set to go public with an NSE Emerge listing.
- The IPO will open on July 16 and close on July 19, with a price band of INR 71-75 per share.
- Menhood aims to raise INR 19.5 Cr at the upper end of the price band, offering 25,95,200 equity shares.
- Proceeds will be used to expand product offerings and enhance operational capabilities.
- Menhood will be the third new-age startup to list on NSE Emerge this year, following TAC Infosec and Trust Fintech. 

 Source: Inc42

Menhood's IPO Opens on July 16, Listing on NSE Emerge

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

- Blackbuck, a logistics unicorn, has filed a draft red herring prospectus for a fresh issue of Rs 550 crore and an offer for sale of 2.16 crore shares.
- Key investors selling shares in the IPO include Accel (52 lakh shares), Tiger Global (9 lakh shares), Flipkart (4 lakh shares), and IFC (17 lakh shares).
- Founders Rajesh Yabaji, Chanakya Hridaya, and Ramasubramanian Balasubramaniam will also sell a combined total of 44 lakh shares.
- Blackbuck's revenue rose 69% from Rs 176 crore in FY23 to Rs 297 crore in FY24, while net loss narrowed from Rs 290 crore to Rs 194 crore.
- The IPO proceeds will fund marketing, product development, its NBFC arm, and general corporate purposes.

Blackbuck Files IPO Prospectus for Rs 550 Crore Fresh Issue

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

Too much money too soon, where have we seen that?

Consultant

Hi, what are some average salary of CPO, Head of Product, SVP of Product at mid to late stage startups? I understand it will be a mix of cash + equity. What are those levels?

Salary of CPO, SVP product

Growth Manager

Do you guys agree with the list? Anymore candidates

Dead 11

Oyo was the only Indian startup who had defined a  India specific problem, had a solution and had money to scale. What went wrong? What a pity. 
  
 In comparison Airbnb made it big...

Software Engineer

Project Manager

Welcome to Office Gossip's Private Community

Is udaan raising new funds and if yes, what is the new valuation ?

Chief of Staff

- Delhivery has publicly disputed the accuracy of metrics in Ecom Express' IPO prospectus.
- The SoftBank-backed firm claims Ecom Express misrepresented Delhivery's business metrics.
- Delhivery alleges Ecom Express inflates shipment figures by counting returns as two shipments.
- The firm also contests Ecom Express' cost per shipment calculations and zipcode coverage claims.
- This dispute arises as Ecom Express aims to raise $310 million in its upcoming IPO. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/13/softbank-backed-delhivery-contests-metrics-in-rival-ecom-express-ipo-filing/)

Delhivery Challenges Ecom Express' IPO Metrics

Swiggy's shooting for a whopping valuation of $11.7 to $12.7 billion as it gears up for a massive $1.4 billion IPO in early November. Investment banks are already in, and bids from anchor investors are starting to roll in.

Swiggy's IPO: Fresh Issue Up To Rs 4,500 Crore - Looma News

Swiggy IPO: Up to 4500 crore Offer For Sale

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Key takeaways from Prosus 2024 Annual Report

Amidst global recession, specially for IT companies, Indegene is floating an initial public offering (IPO) in April 24! Thoughts on the subscription?

Program Manager

- Early investors in Swiggy, including Prosus, Accel, and Elevation Capital, are selling shares ahead of the company's IPO later this year.
- New investors, such as 360 One and high net-worth individuals, are buying these shares, showing confidence in Swiggy's growth potential.
- The company is signaling a potential IPO valuation of $10-13 billion, with current secondary transactions valuing it at $9.3 billion.
- Accel and Elevation Capital, early investors since 2015, are selling shares to realize gains accumulated over the years.
- Prosus, holding around 33% of Swiggy, needs to reduce its stake to 25% or below to avoid being tagged as a promoter during the IPO. 

 Source: Moneycontrol

Swiggy Shares on the Menu: Secondary Transactions Gain Steam Ahead of IPO

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Engineering Manager

Product Manager

- IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months.
- The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance.
- IndiQube posted a profit of INR 60 Cr in FY24 on an operating revenue of around INR 850 Cr.
- Founded in 2015, IndiQube offers managed office spaces and counts WestBridge Capital and Helion Ventures among its backers.
- The company competes with Awfis and Smartworks, with the latter also filing its DRHP recently. 

 Source: [Inc42](https://inc42.com/buzz/exclusive-coworking-space-provider-indiqube-in-talks-with-bankers-for-inr-1500-cr-ipo/)

IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom

𝟏. 𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐄𝐱𝐞𝐜 𝐒𝐚𝐲𝐬 𝐈𝐏𝐎𝐬 𝐅𝐨𝐫 𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭 𝐀𝐧𝐝 𝐏𝐡𝐨𝐧𝐞𝐏𝐞 𝐂𝐨𝐮𝐥𝐝 𝐓𝐚𝐤𝐞 𝐂𝐨𝐮𝐩𝐥𝐞 𝐎𝐟 𝐘𝐞𝐚𝐫𝐬

Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may prioritize the IPO of PhonePe over Flipkart, as PhonePe is a leading digital payments platform in India.

Flipkart and PhonePe are expected to become $100 billion businesses, helping Walmart double its foreign sales to $200 billion.

PhonePe’s operating revenue surged an impressive 77% to INR 2,913.7 Cr during the year under review from INR 1,646.2 Cr in FY22.

On the other hand, Flipkart saw its operating revenue near the INR 15,000 Cr mark in the year ended March 31, 2023. The marketplace arm’s operating revenue zoomed 42% to INR 14,845.8 Cr in FY23 from INR 10,477.4 Cr in FY22.

This dual IPO chess game could redefine how global giants navigate India's regulatory chessboard and value creation timelines.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙄𝙨 𝙒𝙖𝙡𝙢𝙖𝙧𝙩'𝙨 𝙋𝙝𝙤𝙣𝙚𝙋𝙚-𝙛𝙞𝙧𝙨𝙩 𝙄𝙋𝙊 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮 𝙖 𝙢𝙖𝙨𝙩𝙚𝙧𝙘𝙡𝙖𝙨𝙨 𝙞𝙣 𝙩𝙞𝙢𝙞𝙣𝙜 𝙤𝙧 𝙖 𝙩𝙖𝙘𝙞𝙩 𝙖𝙙𝙢𝙞𝙨𝙨𝙞𝙤𝙣 𝙤𝙛 𝙚-𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚'𝙨 𝙥𝙡𝙖𝙩𝙚𝙖𝙪𝙞𝙣𝙜 𝙢𝙪𝙡𝙩𝙞𝙥𝙡𝙚𝙨? 𝘼𝙨 𝙐𝙋𝙄 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙨𝙤𝙖𝙧 𝙥𝙖𝙨𝙩 $1 𝙩𝙧𝙞𝙡𝙡𝙞𝙤𝙣, 𝙋𝙝𝙤𝙣𝙚𝙋𝙚'𝙨 𝙥𝙪𝙗𝙡𝙞𝙘 𝙙𝙚𝙗𝙪𝙩 𝙘𝙤𝙪𝙡𝙙 𝙧𝙚𝙘𝙖𝙡𝙞𝙗𝙧𝙖𝙩𝙚 𝙛𝙞𝙣𝙩𝙚𝙘𝙝 𝙫𝙖𝙡𝙪𝙖𝙩𝙞𝙤𝙣𝙨 𝙜𝙡𝙤𝙗𝙖𝙡𝙡𝙮. 𝙔𝙚𝙩, 𝙬𝙞𝙩𝙝 𝙁𝙡𝙞𝙥𝙠𝙖𝙧𝙩'𝙨 𝙙𝙚𝙡𝙖𝙮𝙚𝙙 𝙄𝙋𝙊, 𝙖𝙧𝙚 𝙬𝙚 𝙨𝙚𝙚𝙞𝙣𝙜 𝙚𝙖𝙧𝙡𝙮 𝙨𝙞𝙜𝙣𝙨 𝙤𝙛 𝙖 '𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙗𝙚𝙛𝙤𝙧𝙚 𝙨𝙘𝙖𝙡𝙚' 𝙚𝙩𝙝𝙤𝙨 𝙞𝙣 𝙄𝙣𝙙𝙞𝙖𝙣 𝙚-𝙘𝙤𝙢𝙢𝙚𝙧𝙘𝙚, 𝙢𝙞𝙧𝙧𝙤𝙧𝙞𝙣𝙜 𝘼𝙢𝙖𝙯𝙤𝙣'𝙨 𝙚𝙫𝙤𝙡𝙪𝙩𝙞𝙤𝙣?

Source: Business Today - https://tinyurl.com/2v2xrfut

𝟐. 𝐍𝐨 "𝐌𝐩𝐡𝐚𝐬𝐢𝐬" 𝐟𝐨𝐫 𝐀𝐈 𝐢𝐧 𝐈𝐓 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬?

Mphasis, the 26-year-old mid-cap IT services firm, stands out as the only listed IT company in India that is majority-owned by a private equity firm, Blackstone. Unlike its peers that are loudly proclaiming their preparedness for generative AI, Mphasis is taking a more understated approach, focusing on "real business cases" rather than mass training programs.

Blackstone's influence is becoming increasingly visible at Mphasis. Since increasing its stake to 55% in 2021, the PE firm has been driving operational changes, including the introduction of an internal gig work platform called "Geek Cloud" and a profit-and-loss tracking system that holds each employee accountable for client accounts. 

This unconventional approach sets Mphasis apart from the industry norm. While peers disclose detailed workforce metrics, Mphasis keeps a low profile, avoiding the limelight. Analysts believe this freedom to operate out of the public eye is a strategic advantage, as Blackstone prepares the company for an eventual exit.

However, this Blackstone-Mphasis alliance is a double-edged sword. While Blackstone's backing provides operational and financial muscle, Mphasis saw revenues plateau last year, unlike its faster-growing competitors. The PE firm's focus on short-term goals ahead of an exit could also come at the expense of long-term growth.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙒𝙝𝙞𝙡𝙚 𝙄𝙏 𝙜𝙞𝙖𝙣𝙩𝙨 𝙩𝙧𝙪𝙢𝙥𝙚𝙩 𝘼𝙄 𝙥𝙡𝙖𝙣𝙨, 𝘽𝙡𝙖𝙘𝙠𝙨𝙩𝙤𝙣𝙚-𝙗𝙖𝙘𝙠𝙚𝙙 𝙈𝙥𝙝𝙖𝙨𝙞𝙨 𝙦𝙪𝙞𝙚𝙩𝙡𝙮 𝙛𝙤𝙘𝙪𝙨𝙚𝙨 𝙤𝙣 𝙘𝙡𝙞𝙚𝙣𝙩 𝙥𝙧𝙤𝙗𝙡𝙚𝙢𝙨, 𝙣𝙤𝙩 𝙗𝙪𝙯𝙯𝙬𝙤𝙧𝙙𝙨. 𝙄𝙨 𝙩𝙝𝙞𝙨 𝙡𝙤𝙬-𝙠𝙚𝙮, 𝙧𝙚𝙨𝙪𝙡𝙩𝙨-𝙛𝙞𝙧𝙨𝙩 𝙖𝙥𝙥𝙧𝙤𝙖𝙘𝙝 𝙩𝙝𝙚 𝙖𝙣𝙩𝙞𝙙𝙤𝙩𝙚 𝙩𝙤 𝘼𝙄 𝙝𝙮𝙥𝙚, 𝙤𝙧 𝙞𝙨 𝙈𝙥𝙝𝙖𝙨𝙞𝙨 𝙢𝙞𝙨𝙨𝙞𝙣𝙜 𝙩𝙝𝙚 𝙩𝙚𝙘𝙝 𝙧𝙚𝙫𝙤𝙡𝙪𝙩𝙞𝙤𝙣 𝙗𝙪𝙨 𝙩𝙤 𝙖𝙥𝙥𝙚𝙖𝙨𝙚 𝙞𝙩𝙨 𝙋𝙀 𝙢𝙖𝙨𝙩𝙚𝙧'𝙨 𝙨𝙝𝙤𝙧𝙩-𝙩𝙚𝙧𝙢 𝙚𝙭𝙞𝙩 𝙜𝙤𝙖𝙡𝙨?

Source: The Ken - https://tinyurl.com/muwetk6v

𝟑. 𝐋𝐨𝐭’𝐬 𝐢𝐬 𝐜𝐨𝐨𝐤𝐢𝐧𝐠 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚𝐧 𝐅&𝐁! 🍜

Cloud kitchen startup EatClub Brands (formerly Box8) is raising $25 million from existing investor Tiger Global, as it continues to scale its portfolio of 11 food brands and over 120 eateries. The company has developed a low-cost model with reasonable margins, reporting revenues of Rs 324 crore in FY23 and an EBITDA margin of 6-7%.

Packaged food brand MasterChow is raising $5 million from Tanglin Venture Partners, as it looks to grow its sauces and noodles business. The company has seen its revenues increase from Rs 3 crore in FY22 to Rs 8.2 crore in FY23.

Bubble tea chain Boba Bhai is negotiating a fresh funding round of Rs 30-50 crore, as it aims to capitalize on the growing popularity of bubble tea in Indian metros. The company claims to achieve 70% gross margins.

The broader food and beverage segment is seeing heightened investor interest, with deals like Khazanah Nasional Berhad's $50 million investment in Wow! Momo and Third Wave Coffee's $35 million Series C round. Early-stage activity is also robust, with startups like Pizza Wings, Burger Singh, and Ghost Kitchens raising funding this year.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙁&𝘽 𝙛𝙪𝙣𝙙𝙞𝙣𝙜 𝙛𝙧𝙚𝙣𝙯𝙮 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙥𝙥𝙚𝙩𝙞𝙩𝙚; 𝙞𝙩'𝙨 𝙖𝙧𝙗𝙞𝙩𝙧𝙖𝙜𝙚. 𝙀𝙖𝙩𝘾𝙡𝙪𝙗'𝙨 𝙡𝙚𝙖𝙣 𝙀𝘽𝙄𝙏𝘿𝘼 𝙖𝙣𝙙 𝘽𝙤𝙗𝙖 𝘽𝙝𝙖𝙞'𝙨 𝙧𝙞𝙘𝙝 𝙢𝙖𝙧𝙜𝙞𝙣𝙨 𝙨𝙞𝙜𝙣𝙖𝙡 𝙖 𝙨𝙝𝙞𝙛𝙩 𝙛𝙧𝙤𝙢 𝙫𝙖𝙣𝙞𝙩𝙮 𝙢𝙚𝙩𝙧𝙞𝙘𝙨 𝙩𝙤 𝙪𝙣𝙞𝙩 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘𝙨. 𝘽𝙪𝙩 𝙞𝙨 𝙩𝙝𝙞𝙨 𝙖 𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙛𝙚𝙖𝙨𝙩 𝙤𝙧 𝙖 𝙢𝙚𝙩𝙧𝙤𝙨-𝙤𝙣𝙡𝙮 𝙢𝙚𝙣𝙪? 𝘼𝙨 𝙎𝙩𝙖𝙧𝙗𝙪𝙘𝙠𝙨 𝙧𝙚𝙩𝙧𝙚𝙖𝙩𝙨 𝙖𝙣𝙙 𝙡𝙤𝙘𝙖𝙡 𝙗𝙧𝙖𝙣𝙙𝙨 𝙧𝙖𝙞𝙨𝙚 𝙢𝙞𝙡𝙡𝙞𝙤𝙣𝙨, 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙖𝙧𝙚 𝙗𝙚𝙩𝙩𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙪𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙𝙞𝙣𝙜 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙝𝙮𝙥𝙚𝙧-𝙡𝙤𝙘𝙖𝙡, 𝙄𝙣𝙨𝙩𝙖-𝙬𝙤𝙧𝙩𝙝𝙮 𝙩𝙖𝙨𝙩𝙚𝙨 𝙩𝙧𝙪𝙢𝙥𝙨 𝙜𝙡𝙤𝙗𝙖𝙡 𝙨𝙘𝙖𝙡𝙚. 𝙏𝙝𝙚 𝙧𝙚𝙖𝙡 𝙛𝙡𝙖𝙫𝙤𝙧 𝙝𝙚𝙧𝙚? 𝙋𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙤𝙫𝙚𝙧 𝙥𝙪𝙧𝙚 𝙛𝙤𝙤𝙩𝙥𝙧𝙞𝙣𝙩.

Source: The Arc - https://tinyurl.com/mtmyabfk

𝟒. 𝐁𝐨𝐀𝐭 𝐋𝐢𝐟𝐞𝐬𝐭𝐲𝐥𝐞 𝐢𝐬 𝐬𝐜𝐚𝐥𝐢𝐧𝐠 𝐝𝐨𝐰𝐧 𝐢𝐭𝐬 𝐰𝐞𝐚𝐫𝐚𝐛𝐥𝐞𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐭𝐨 𝐟𝐨𝐜𝐮𝐬 𝐦𝐨𝐫𝐞 𝐨𝐧 𝐚𝐮𝐝𝐢𝐨 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬, 𝐚𝐬 𝐢𝐭 𝐩𝐥𝐚𝐧𝐬 𝐭𝐨 𝐫𝐞𝐯𝐢𝐬𝐢𝐭 𝐢𝐭𝐬 𝐈𝐏𝐎 𝐩𝐥𝐚𝐧𝐬 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝟏𝟖 𝐦𝐨𝐧𝐭𝐡𝐬.

Boat is downsizing its wearables business following stiff competition from players such as Fire Boltt, Noise and Tata Group's Titan, a top executive said. Its smartwatch market share slid from 19% in 2022 to 14% last year, according to research firm IDC.

Launching premium "Nirvana by BoAt" brand, aiming to increase audio average selling price by 25%

To stay competitive, Mehta said the company would improve its smartwatch features. For instance, it has tied up with MapMyIndia for navigation and payment functionalities and with Dolby for audio enhancement. 

Turned EBITDA positive, with 75% of products now manufactured domestically.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘽𝙤𝘼𝙩'𝙨 𝙥𝙞𝙫𝙤𝙩 𝙛𝙧𝙤𝙢 𝙬𝙚𝙖𝙧𝙖𝙗𝙡𝙚𝙨 𝙩𝙤 𝙥𝙧𝙚𝙢𝙞𝙪𝙢 𝙖𝙪𝙙𝙞𝙤 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖 𝙥𝙧𝙤𝙙𝙪𝙘𝙩 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮; 𝙞𝙩'𝙨 𝙖 𝙗𝙚𝙡𝙡𝙬𝙚𝙩𝙝𝙚𝙧 𝙛𝙤𝙧 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙢𝙖𝙩𝙪𝙧𝙞𝙣𝙜 𝙩𝙚𝙘𝙝 𝙝𝙖𝙧𝙙𝙬𝙖𝙧𝙚 𝙨𝙘𝙚𝙣𝙚. 𝘼𝙨 𝙞𝙩 𝙘𝙝𝙖𝙨𝙚𝙨 𝙖 25% 𝘼𝙎𝙋 𝙝𝙞𝙠𝙚 𝙬𝙞𝙩𝙝 "𝙉𝙞𝙧𝙫𝙖𝙣𝙖" 𝙖𝙢𝙞𝙙 𝙨𝙢𝙖𝙧𝙩𝙬𝙖𝙩𝙘𝙝 𝙨𝙝𝙖𝙧𝙚 𝙚𝙧𝙤𝙨𝙞𝙤𝙣, 𝙩𝙝𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙡𝙤𝙤𝙢𝙨: 𝘾𝙖𝙣 𝙄𝙣𝙙𝙞𝙖𝙣 𝙗𝙧𝙖𝙣𝙙𝙨 𝙬𝙞𝙣 𝙤𝙣 𝙫𝙖𝙡𝙪𝙚 𝙖𝙣𝙙 𝙞𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣, 𝙣𝙤𝙩 𝙟𝙪𝙨𝙩 𝙥𝙧𝙞𝙘𝙚, 𝙤𝙧 𝙬𝙞𝙡𝙡 𝙜𝙡𝙤𝙗𝙖𝙡 𝙜𝙞𝙖𝙣𝙩𝙨 𝙡𝙞𝙠𝙚 𝘼𝙥𝙥𝙡𝙚 𝙚𝙫𝙚𝙣𝙩𝙪𝙖𝙡𝙡𝙮 𝙙𝙤𝙢𝙞𝙣𝙖𝙩𝙚 𝙤𝙪𝙧 𝙥𝙧𝙚𝙢𝙞𝙪𝙢 𝙨𝙚𝙜𝙢𝙚𝙣𝙩𝙨?

Source: Business Standard, The Arc - https://tinyurl.com/ms8y9rnj

𝟓. 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐓𝐞𝐧𝐜𝐞𝐧𝐭 𝐨𝐟𝐟𝐥𝐨𝐚𝐝𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐬𝐭𝐚𝐤𝐞 𝐢𝐧 𝐏𝐨𝐥𝐢𝐜𝐲𝐁𝐚𝐳𝐚𝐚𝐫

Chinese internet giant Tencent has offloaded 1.3% in PB Fintech, which owns insurance platform Policybazaar, for Rs 1,080 crore ($129 million) over the last two weeks. This was a bulk deal in the public market.

Tencent’s shareholding in PB Fintech will reduce from 6.2% to about 4.9%, which will be worth more than $340 million. Last year, Tencent sold a 2% stake for $68 million, and since then, PB Fintech’s share price has doubled.

Tencent was an active investor in Indian startups until 2020, when the Indian government put curbs on investments from Chinese companies following border clashes. PB Fintech founder Yashish Dahiya spoke out against China’s aggression in 2020, saying he would buy back Tencent shares if the opportunity arose.

Tencent’s share sale follows Tiger Global and SoftBank Vision Fund’s full exit from the Indian unicorn. SoftBank made $640 million on its $200-million investment, while Tiger netted $232 million on its $44-million bet.

🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙋𝙤𝙡𝙞𝙘𝙮𝘽𝙖𝙯𝙖𝙖𝙧'𝙨 2𝙭 𝙨𝙪𝙧𝙜𝙚 𝙖𝙢𝙞𝙙 𝙏𝙚𝙣𝙘𝙚𝙣𝙩'𝙨 𝙜𝙚𝙤𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡𝙡𝙮-𝙩𝙞𝙣𝙜𝙚𝙙 𝙚𝙭𝙞𝙩 𝙛𝙡𝙞𝙥𝙨 𝙩𝙝𝙚 𝙨𝙘𝙧𝙞𝙥𝙩: 𝙄𝙨 𝙄𝙣𝙙𝙞𝙖𝙣 𝙩𝙚𝙘𝙝 𝙣𝙤𝙬 𝙥𝙧𝙞𝙘𝙞𝙣𝙜 𝙞𝙣 𝙨𝙤𝙫𝙚𝙧𝙚𝙞𝙜𝙣𝙩𝙮 𝙧𝙞𝙨𝙠 𝙖𝙨 𝙖 𝙘𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙞𝙫𝙚 𝙚𝙙𝙜𝙚? 𝙊𝙧 𝙬𝙞𝙡𝙡 𝙨𝙝𝙪𝙣𝙣𝙞𝙣𝙜 𝙘𝙚𝙧𝙩𝙖𝙞𝙣 𝙛𝙤𝙧𝙚𝙞𝙜𝙣 𝙘𝙖𝙥𝙞𝙩𝙖𝙡𝙨 𝙡𝙚𝙖𝙫𝙚 𝙤𝙪𝙧 𝙨𝙩𝙖𝙧𝙩𝙪𝙥𝙨 𝙫𝙪𝙡𝙣𝙚𝙧𝙖𝙗𝙡𝙚 𝙩𝙤 𝙩𝙝𝙚 𝙣𝙚𝙭𝙩 𝙛𝙪𝙣𝙙𝙞𝙣𝙜 𝙬𝙞𝙣𝙩𝙚𝙧? 𝙒𝙞𝙩𝙝 𝙏𝙞𝙜𝙚𝙧 𝙖𝙣𝙙 𝙎𝙤𝙛𝙩𝘽𝙖𝙣𝙠 𝙖𝙡𝙨𝙤 𝙚𝙭𝙞𝙩𝙞𝙣𝙜 𝙥𝙧𝙤𝙛𝙞𝙩𝙖𝙗𝙡𝙮, 𝙞𝙨 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙩𝙚𝙘𝙝 𝙨𝙘𝙚𝙣𝙚 𝙣𝙤𝙬 𝙧𝙤𝙗𝙪𝙨𝙩 𝙚𝙣𝙤𝙪𝙜𝙝 𝙩𝙤 𝙩𝙝𝙧𝙞𝙫𝙚 𝙬𝙞𝙩𝙝𝙤𝙪𝙩 𝙥𝙖𝙩𝙞𝙚𝙣𝙩 𝙛𝙤𝙧𝙚𝙞𝙜𝙣 𝙘𝙖𝙥𝙞𝙩𝙖𝙡?

Source: The Arc - https://tinyurl.com/4cp2f7t8

Share your take on the 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩 below! ⬇️

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