Amazon plans to invest $3 billion to expand its India quick-commerce business by 2030, according to The Economic Times, its largest commitment yet to a delivery category where it has trailed local rivals for years. The plan calls for $1 billion by the end of 2027 and another $2 billion by...
Accel Puts Another $550 Million Behind India, With AI in the Crosshairs
Accel''s India fund wrote an $800,000 seed check into Flipkart, an Amazon look-alike, at a $4 million post-money valuation — the company's first institutional money — and held its position through Walmart's 2018 acquisition of a roughly 77% stake for about $16 billion, a deal that valued Flipkart north of...
India to Have Record Number of IPOs in 2024 – [Cloned #76129]
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
Goldman Growth Fund Invests in India
Goldman Sachs Asset Management announced the final close of its $5.2 billion West Street Global Growth Partners fund. The bank plans to invest a quarter of this newly-raised $5.2 billion growth fund in India and developed markets in Asia-Pacific Bloomberg reports that In an interview this month, Stephanie Hui, co-head...
Hershey's Launches India Online Store
Pennsylvania based Hershey Corp has partnered with two delivery service companies in India to offer its product line via ecommerce. Swiggy will sell products to consumers in the New Delhi National Capital Region, Mumbai and Bangalore while a company called Denzo is serving Hyderabad ad Bangalore.