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  • 7 Key Takeaways From The CarTrade IPO Draft Red Herring Prospectus

    CarTrade is making a pure offer for sale (OFS) for 1,23,54,811 equity shares and is said to be looking to raise INR 2K Cr through...

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    CarTrade is making a pure offer for sale (OFS) for 1,23,54,811 equity shares and is said to be looking to raise INR 2K Cr through its IPO Among the shareholders offloading stake in the IPO are CarTrade investors Warburg Pincus (Highdell Investment), Temasek (MacRitchie Investments), JP Morgan (CMDB II) and March Capital For the nine...
  • IPO Bound CarTrade Cuts Down Customer Acquisition Cost By 80%

    In FY21, till December 31, 2020, the company had a profit before tax (PBT) margin of 14.52%, compared to 12.22% in FY20 The company also...

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    In FY21, till December 31, 2020, the company had a profit before tax (PBT) margin of 14.52%, compared to 12.22% in FY20 The company also cut its advertising spending by nearly two-thirds in FY2021 after the pandemic impacted its operations The company said 88.44% of the unique visitors to CarTrade-owned sites in the financial year...
  • How CarTrade Became India’s Only Profitable Automobile Marketplace

    On a consolidated level, CarTrade reported revenue of over INR 318 Cr, which resulted in a net profit of INR 31.2 Cr, outshining its rivals...

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    On a consolidated level, CarTrade reported revenue of over INR 318 Cr, which resulted in a net profit of INR 31.2 Cr, outshining its rivals in the market The company’s profit before tax margin has improved from 12.22% to March 2020 to 14.52% in December 2020, thanks to reduction in advertising expenses With the public...
  • WhatsApp’s Privacy Policy Comes Into Play; Indian Govt Flags Violation

    For now, WhatsApp will not be deleting the accounts of users that have not accepted the policy Indian govt has written to Facebook CEO Mark...

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    For now, WhatsApp will not be deleting the accounts of users that have not accepted the policy Indian govt has written to Facebook CEO Mark Zuckerberg and has been awaiting a reply Even CCI is probing WhatsApp’s latest privacy policy, which will share meta data with Facebook Instant messaging app WhatsApp informed the Delhi high...
  • FHRAI To Represent Member Hotels In OYO Insolvency Case

    Hotels associated with FHRAI are claiming non-payment of dues worth INR 72 Cr The total claims registered with IRP against OYO are to the tune...

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    Hotels associated with FHRAI are claiming non-payment of dues worth INR 72 Cr The total claims registered with IRP against OYO are to the tune of INR 200 Cr, FHRAI says Conclave Infratech had filed an insolvency plea against the OYO subsidiary last month The National Company Law Appellate Tribunal (NCLAT) has allowed the Federation...
  • How CarTrade’s IPO Will Change The Shareholding Structure In The Company

    CarTrade filed its Draft Red Herring prospectus with SEBI, last week, for its INR 2K Cr IPO Five of the largest stakeholders of CarTrade will...

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    CarTrade filed its Draft Red Herring prospectus with SEBI, last week, for its INR 2K Cr IPO Five of the largest stakeholders of CarTrade will be offloading their stake in the proposed IPO CEO Vinay Sanghi has been appointed as the MD of CarTrade for the next five years Mumbai-based online auto classifieds startup CarTrade...
  • Amazon India Launches Free Video Streaming Service miniTV For Android Users

    Amazon has launched a video streaming service within its shopping app in India The service will feature content creators like TVF, Ashish Chanchlani and Prajakta...

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    Amazon has launched a video streaming service within its shopping app in India The service will feature content creators like TVF, Ashish Chanchlani and Prajakta Koli The service is only available on Android devices for now Global ecommerce giant, Amazon has launched a free video streaming service miniTV within its shopping app in India. The...
  • IPO-Bound Unicorn Pine Labs Raises $285 Mn At a Valuation Of $3 Bn

    The new round reportedly values Pine Labs at $3 Bn, up from about $2 Bn in a December Existing investors of Pine Labs- Temasek, Lone...

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    The new round reportedly values Pine Labs at $3 Bn, up from about $2 Bn in a December Existing investors of Pine Labs- Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round The current round included secondary transactions from founder, employees and early shareholders, said the company Bengaluru based fintech...
  • Edtech Startup For Healthcare Practitioners Virohan Bags $3 Mn

    Virohan has raised $3 Mn in Series A funding round led by Rebright Partners The company will use the funding to expand to over 160...

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    Virohan has raised $3 Mn in Series A funding round led by Rebright Partners The company will use the funding to expand to over 160 new campuses pan India It aims to educate over one million students by the end of 2025 Gurugram-based Virohan, which is an edtech startup providing vocational training for paramedics and...
  • Lenskart Bags $95 Mn From Reliance Jio Investor KKR; TPG Growth, TR Capital Get Partial Exits

    KKR has confirmed a $95 Mn funding round in Lenskart through its Asian private equity fund Existing investors IFC Washington and Chiratae Ventures are also...

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    KKR has confirmed a $95 Mn funding round in Lenskart through its Asian private equity fund Existing investors IFC Washington and Chiratae Ventures are also expected to get partial exits according to a separate report Lenskart reported a profit of INR 17.7 Cr last year and followed it up with international expansion Global private equity...