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News on Medial
CarDekho Eyes $500 Mn IPO Next Year
Inc42
·
10m ago
Medial
CarDekho is in discussions to hire merchant bankers for its upcoming IPO. The startup is aiming to submit its Draft Red Herring Prospectus (DRHP) in March 2025. Peak XV, Google Capital, and Hillhouse Capital will sell a portion of their stakes as part of the Offer for Sale (OFS). The funds raised from the IPO will be used for CarDekho's expansion into new geographical regions and categories, as well as for potential acquisitions.
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Related News
Peak XV, Google, Hillhouse eye part exits as CarDekho plans IPO
Livemint
·
10m ago
Medial
CarDekho, an Indian automobile marketplace, is in talks with merchant bankers for an initial public offering (IPO) next year. Early investors, including Google Capital and Hillhouse Capital, are expected to sell part of their stakes during the IPO. The company plans to raise around $500 million, with the proceeds being used to fund expansion and future acquisitions. CarDekho's IPO is expected to be filed in March. It is already profitable at the group level and has reported consolidated revenue of INR 2,331 crore in 2022-23. CarDekho has diversified its offerings by investing in fintech and insurance businesses.
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Amit Jain-led CarDekho in talks for a ₹4,000-crore IPO: Report
Inshorts
·
9m ago
Medial
CarDekho is planning to raise ₹3,000 crore-₹4,000 crore through an initial public offering (IPO) next year and is in talks with investment banks for the same, Moneycontrol reported. The IPO will comprise a fresh issue of shares as well as an offer-for-sale, the report added. CarDekho was co-founded by brothers Amit Jain and Anurag Jain in 2008.
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CarDekho Group’s Rupyy eyes bigger pie of used car financing market
Livemint
·
1y ago
Medial
Rupyy, the digital lending platform of CarDekho Group, plans to expand into the used commercial vehicles financing segment in the next financial year. The company aims to address the significant market need in this sector and introduce digital solutions to streamline the loan process. Rupyy currently provides loans for car financing and operates in the used passenger vehicles, new cars, and electric vehicles categories. The company's parent, CarDekho, recorded a revenue of ₹2,331 crore in FY23 and aims to increase Rupyy's market share in the used cars segment from 14-15% to 20% in the coming year.
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Peak XV-Backed Zetwerk Eyes $1 Bn IPO
Inc42
·
9m ago
Medial
Zetwerk, a startup, is planning to raise $1 billion through an initial public offering (IPO) after engaging in talks with JP Morgan. The company is currently in discussions with investment bankers to prepare for its public listing in Mumbai next year. Zetwerk had previously announced plans to invest INR 500 crore to expand its manufacturing capacity for the renewables sector.
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Tiger Global-Backed Logistics Unicorn BlackBuck Eyes $300 Mn IPO In FY25
Inc42
·
1y ago
Medial
Indian logistics startup BlackBuck, backed by Flipkart, is reportedly preparing for an initial public offering (IPO) in the next fiscal year, with plans to raise up to $300 million. The company has already appointed merchant bankers and lawyers for the IPO and is currently working on its draft red herring prospectus. BlackBuck aims to file the DRHP with its full FY24 financial numbers and launch the IPO in the second half of FY25. The proceeds from the IPO will be used to expand its services business and grow its core freight business.
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SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November
Inc42
·
10m ago
Medial
Fractal, a company offering AI and advanced analytics solutions to Fortune 100 companies, plans to raise $500 million through its IPO at a minimum valuation of $3.5 billion. The IPO is expected to take place in Q1 2025 and will likely involve a combination of fresh equity shares and offer for sale.
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Zepto eyes $250 mn from HNIs, wealth firms at flat valuation
Livemint
·
9m ago
Medial
Quick commerce startup Zepto is reportedly seeking to raise about $250 million from high-net-worth individuals and wealth management firms at a valuation of $5 billion. The Mumbai-based company, which plans to go public next year, aims to balance its captable ahead of its IPO. Zepto recently raised $340 million in a funding round led by General Catalyst, and in a pre-IPO round, it secured $665 million. The company is expanding its network of dark stores and its Zepto Café service to compete with food delivery platforms like Swiggy and Zomato in the quick-commerce sector.
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Ratan Tata-Backed BlueStone Eyes Unicorn Tag In Pre-IPO Round
Inc42
·
1y ago
Medial
BlueStone, a Bengaluru-based startup, has received multiple bids from investors in its pre-IPO round, with some valuing the company at over $1 billion. The company is targeting profitability by March next year and plans to raise INR 2,000 crore through its IPO, which is expected to be launched later this year.
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How are Aye Finance’s PE-VC backers faring as it eyes over $500 mn valuation in IPO?
VCCircle
·
8m ago
Medial
Aye Finance's private equity, venture capital, and impact investors are preparing to cash in on their investments through the company's upcoming IPO. However, Elevation Capital, the earliest backer of Aye Finance, has decided to hold onto their shares for the time being. Aye Finance provides loans to micro, small, and medium enterprises. The company is aiming for a valuation of over $500 million in its IPO.
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Axis PE, other backers get a mark-up as Gopal Snacks eyes over $670 mn tag
VCCircle
·
1y ago
Medial
Private equity investors who purchased a small stake in Gopal Snacks Ltd in a pre-IPO secondary transaction last October are set to benefit as the food company prepares to launch its IPO. Gopal Snacks, known for its fried snacks and potato wafers, plans to go public next week. The investors, including Axis PE, are expected to make a significant profit as the company is valued at over $670 million.
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