Sunday, October 01, 2023
Outlook India
Outlook Business


The roadshow has been launched as the firm is planning to launch an IPO with a $52 billion valuation

SVF India Holdings had sold 4.5 per cent in November 2022 and another 2.07 per cent in the first half of 2023

The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to $4.4 billion

Reliance Industries-owned Ajio is setting up a new marketplace for low-priced fashion items, Ajio Street, which will work on a zero-commission model, in a bid to expand its customer base to non-metro cities in India

The company has achieved this feat within eight years of its inception and claims that half of the total sellers registered to belong to tier 2 and smaller towns.

Son also attended Oyo Founder Ritesh Agarwal's wedding festivities in the capital

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The move comes as Swiggy seeks to dispose of nonviable business verticals and focus on profitability ahead of a planned public listing

Prior to this, SoftBank offloaded shares worth $75 million in the initial public offer (IPO) of Delhivery, in March 2022

It owned a total of 6.26 per cent shareholding in the company. In January, the Chinese multinational sold a 3.1 per cent stake