Tuesday, March 21, 2023
Outlook India
Outlook Business


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

Prior to the layoffs, the Bengaluru-based start-up told its employees that it would skip increments and restrict the hiring process for calendar year 2023

Increase in shareholding by domestic investors shows more Indian believe in Paytm’s ability to deliver profitability without compromising on growth

GoMechanic joins the league of other Indian start-ups, including Byju's, BharatPe, Trell and Zilingo, that have been in the news for financial irregularities and shoddy corporate governance

As per data shared by Meesho, its sellers were able to save Rs 3,700 crore in commissions in 2022 under the company's zero-commission model

The base price for this block deal could be fixed at Rs 440 per share