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Bengaluru-based ecommerce platform Meesho has transitioned to a public limited company, paving the way for a potential IPO while seeking to redomicile from the US to India. This move reflects a growing trend of Indian startups returning to domestic markets, capitalizing on India's booming IPO landscape. Meesho, which focuses on social commerce, has achieved significant growth, particularly among women entrepreneurs, processing around five million daily orders despite a lower gross merchandise value share.
Meesho has transitioned into a public entity as it prepares for its upcoming IPO. This significant move marks a pivotal moment for the company, positioning it for growth and increased visibility in the market. The shift reflects Meesho's strategic plans to expand its operations and reach.
Byju’s has sold its American assets, Epic and Tynker, at a significantly reduced price. This move reflects the ongoing challenges faced by the edtech giant in the competitive market. The sale raises questions about the future direction of Byju’s and its strategic priorities.
S&P Global identifies India and Vietnam as crucial markets to mitigate risks associated with US tariffs on personal computer and smartphone production. This strategic focus highlights the growing importance of these countries in the global tech supply chain.
Swiggy and Zomato's food delivery businesses face a potential 20% reduction in valuation if Rapido successfully implements its strategies, according to Elara Capital. This development highlights the competitive pressures within the food delivery market as new players emerge.
Huawei is working on innovative solutions to overcome its lag in chip technology, striving to bridge the generational gap. Meanwhile, Liquidity has launched its London headquarters, committing £1.5 billion to UK innovation through AI-driven credit processing and predictive analytics.
Starlink is set to introduce monthly plans in India priced at ₹3,000. In response to the expanding satellite communication sector, the Indian government has approved a ₹900 crore monitoring center. Additionally, competitors like Amazon-backed Project Kuiper and Globalstar are seeking permissions to enter the market.
GIC has led a $72 million funding round for the Indian fintech unicorn Cred. This investment highlights the growing interest in India's fintech sector and Cred's potential for expansion in the market.
Power and Instrumentation (Gujarat) reported a remarkable growth in standalone revenues for FY25, increasing by 73 percent. Additionally, net profit surged by 100 percent, highlighting the company's strong financial performance in the fiscal year.
Bengaluru-based fintech unicorn Cred has secured ₹617 crore (US$72 million) in a funding round led by Singapore’s GIC, which invested ₹354.4 crore (US$41 million). Despite a valuation drop from US$6.4 billion in 2022 to about US$3.5 billion, Cred reported a 66% revenue growth to ₹2,473 crore in FY24, reflecting a broader fintech recalibration. The company has expanded its offerings beyond credit card payments to include lending, e-commerce, and wealth management, targeting affluent consumers in India.
IND
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Meesho transitions to public company ahead of potential IPO in India
09:58 10.06.2025
Meesho transitions to public entity ahead of initial public offering
09:46 10.06.2025
Byju's sells American assets Epic and Tynker at a low price
09:35 10.06.2025
India and Vietnam emerge as key markets for tech production resilience
09:27 10.06.2025
Swiggy and Zomato face valuation risks amid Rapido's potential success
08:30 10.06.2025
Huawei Innovates in Chip Tech as Liquidity Invests in AI for UK
08:27 10.06.2025
Starlink to introduce monthly plans in India amid growing satcom investments
08:25 10.06.2025
GIC invests 72 million dollars in Indian fintech unicorn Cred
08:12 10.06.2025
Power and Instrumentation Gujarat reports significant revenue and profit growth in FY25
08:07 10.06.2025
cred secures 72 million funding led by gic amid valuation drop
07:51 10.06.2025
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