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Tiger Global exits Zomato, divests 1.44% stake for ₹1,124 crore

Tiger Global is adding another handsome exit to its list of Indian startup exits. The firm wrapped up its latest exit in India this year by selling its remaining stake in Zomato for ₹1,123.85 crore through open market transactions. This exit marks the culmination of Tiger Global’s investment journey with Zomato, one of the largest … [Read more…]

Mamaearth parent Honasa’s ₹1,701 crore IPO to launch on October 31

Honasa Consumer Ltd., the parent company of D2C upstart Mamaearth, has officially announced its initial public offering (IPO). The startup is expecting to raise a substantial ₹1,701 crore on the upper-price band of the IPO. It is expecting a rather steep ₹10,424 crore IPO valuation. The IPO is priced in the range of ₹308 to … [Read more…]