Edelweiss and Hero Fincorp will also participate in the $250 million round, where shares of Zepto will potentially change hands and going from foreign investors to domestic ones.
0 replies7 likes
More like this
Recommendations from Medial
Piyu
.......ย โขย 19d
Zepto is playing it smart before the IPO!
Raising โน1,500 Cr ($175M) debt from Edelweiss Alternatives & others
โก๏ธ Buying back foreign shares to boost Indian ownership.
โก๏ธ$5B valuation
โก๏ธFounders upping stake from 18% to 20%
๐ฐ$4B GOV
IPO filing by
Do you guys think the Paytm fiasco will drive away foreign VCโs from investing in Indian fintech and how did Softbank sell its shares right before the mishap? Somethingโs fishy.
11 replies23 likes
Mahendra Lochhab
Content creatorย โขย 4m
Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August.
Hero motocorp is the biggest investor in Ather.
Nazara Technologies Ltd, a Mumbai-based mobile gaming and sports media company, has issued shares worth Rs 100 crore to Nithin Kamath and Nikhil Kamath, the founders of Zerodha.
The move is part of a broader investment in which Nazara allocated 28.
SICK! How will foreign investors or even domestic investors have any faith in the country if you keep banning our greatest success? This isnโt even crypto where it can be understood. The only happy person rn is JIO. Black decision for the ecosystem t
See More
3 replies13 likes
Jayant Mundhra
ย โขย
Dexter Capital Advisorsย โขย 11m
What next for Ather? A Hero subsidiary status? ๐ ๐
With the latest development, that has never been more likely.
Let's dive in!
..
Whenever Ather Energyโs in need of more money, Hero pounces in.
-> This was evident in the Sep rights issue where
Where are those people who used to say that FIIs (Foreign Institutional Investors) donโt affect the market? Even if they leave, what will happen? Look, they have sold shares worth โน94,000 crore so far, and this is the situation. Just imagine if they
See More
4 replies7 likes
Mohammed Zaid
Building-HatchUp.aiย โขย 6m
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another โน550 crore, reports said. Agarwal will buy over 12.9 crore shares at 42.60 apiece and the investment will value Oyo at 32,000 crore, reports added
Indian companies are reporting good earnings this time, but for the market to see a significant rally, Foreign Institutional Investors (FIIs) need to invest in India. Domestic Institutional Investors (DIIs) or retailers alone cannot achieve this. Ano
FIRST INDIAN ORIGIN AI FOUNDER ROCKING ๐ฅ๐ฅ
Japan-based investment giant SoftBank will reportedly invest $10 million to $20 million in Perplexity AI, an AI search engine startup founded by an IIT Madras graduate Aravind Srinivas.
According to a B
