Meesho’s 79X IPO subscription one of highest among new-age companies

Software

Meesho’s 79X IPO subscription one of highest among new-age companies

The bookbuilding process for ecommerce marketplace Meesho’s initial public offering (IPO) closed Friday with investors bidding for 79 times the shares on offer...

Software

Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stake

Uber selling its stake in Eternal, erstwhile Zomato, three years ago was a decision driven by the need to stick to core competencies,...

Software

Quick commerce companies slow dark stores buildout to control cash burn

After a year of rapid expansion of dark stores, quick commerce firms are pulling back on adding such warehouses to control their cash...

Software

“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal

Quick commerce platform Blinkit continued to weigh on parent company Eternal’s profitability in the January–March quarter, as it ramped up its dark store...

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