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Amit Kumar

Stealth • 2m

Zomato Block Deal: Antfin Singapore To Offload Shares Worth $408 Mn. Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report by CNBC-TV18, Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19). Citing the documents accessed by it, the publication said that the floor price for the block deal has been fixed at INR 251.68 per share, which translates to a 4% discount from Zomato’s closing price of INR 262.3 on Monday. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in ZomatoZomato Datalabs_in-article-icon at the end of the June quarter of 2024.

0 replies4 likes

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Harsh Dwivedi
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Medial • 24d

Top News of the Week: 1. Key Startup Funding Highlights Of The Week - Buoyed by Whatfix’s mega funding round, enterprisetech emerged as the investor favourite sector of the week. Besides, the sector witnessed the highest nine deals materialise via

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Harsh Dwivedi
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Medial • 4m

Top News of Today (7th June 2024)- 1. Consumer lending startup Fibe raises Rs. 720 Cr ($90 Mn). 2. Byju's term-loan lenders kick off bankruptcy proceedings against its US assets 3. NPCI Inks Pact With Peru To Build UPI-Like Payments System 4. Testsi

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Anonymous

Stealth • 1m

Here are the key points about the new-age tech stock market: *Gainers:* 1. TAC Infosec: +34.42% to an all-time high of INR 773.90 2. Unicommerce: significant gains as a recently listed SaaS startup 3. Awfis: gains as a coworking startup 4. TBO Tek:

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Harsh Dwivedi
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Medial • 4m

Top News of the Week: 1. Funding: - Indian startups cumulatively raised $217.84 Mn via 31 deals, a 273% increase from last week's $58.36 Mn raised across 16 deals - With top fundraising like TechnoSport and Libas bagging $25 Mn and $18 Mn respecti

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Akshat kumar Jain

Stealth • 5m

Wow Momo has doubled its revenue every year Founded in 2008, Wow! Momo has become a national phenomenon with over 500 outlets across 25 Indian cities. Let's dive deeper into their impressive FY23 financials Revenue Soars: Total revenue, including

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Harsh Dwivedi
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Medial • 5m

Summing Up the Week for you! 1. Fundings: - Indian startup ecosystem was a low-key affair this week as compared to the previous six-day period. Between May 6 and 11, startups cumulatively raised $220.2 Mn across 21 deals, a 30% decline from last w

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Shreyas Ramdasi

Stealth • 3m

NEWS Now, Zomato’s New Feature Will Allow Customers To Remove Past Orders From Now, Zomato Dissolves Its Slovakian Subsidiary SUMMARY 1.Zomato has rolled out a new feature that will now allow customers to remove th

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Mahendra Lochhab

Stealth • 15d

The auto parts industry in India is expected to grow to $200 billion by 2026. In FY 2022-23, the industry's turnover was INR 6.14 Lakh Cr, which was a 9.8% increase.

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Harsh Dwivedi
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Medial • 6m

Top News Of the Day: 1. Fintech lending startup, Aye Finance, has raised a debt funding of INR 137 crore (around $16.6 million) from Germany-based Invest in Visions 2. Elevate Foods, a startup focused on supporting Indian farm-gate processors in ac

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Harsh Dwivedi
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Top News of the Day: 1. Ethereal Machines Snags $13 Mn To Help Automate Machineries 2. Trampoline has raised $5 mn in a seed funding round co-led by Matrix Partners India and WaterBridge Ventures. 3. Zepto looking to raise $650 mn funding at a val

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