IPOs & Markets

Indian food delivery giant Swiggy upsizes IPO target to $600m: report

The initial plan was to raise around $450m.

Analysis

India Deal Review: Growth-stage deals boost startup funding in Aug

The Series B or post-Series B rounds accounted for about 72% of the total deal value.

Analysis

Editor’s take: The week that was—Aug 26-31

This week we released the full agenda for Day 1 of the Asia PE-VC Summit 2024.

Venture Capital

India’s Zepto raises $340m in fresh round led by General Catalyst

The new round values the three-year-old company at $5 billion.

Venture Capital

Velocity floats $48m festive season fund for India’s D2C, e-commerce brands

The cash flow-based financing platform earmarked Rs 250 crore for D2C brands last year.

Venture Capital

India Digest: 35North Ventures raises $12m for VC fund; Zepto to close $340m funding

35North Ventures is fundraising for its India Discovery Fund II.

Interviews

Zepto, BharatPe-backer Trifecta seeks to raise $239m for fourth venture debt fund

Including a greenshoe option of Rs 500 crore, the fund is its biggest so far.

Earnings and Results

Zomato exceeds profit expectations in Q1 despite steamy competition

Quick commerce segment Blinkit's GOV grew 130% YoY.

Analysis

India: E-commerce accounts for bulk of big-ticket funding deals in H1 2024

E-commerce startup funding remained concentrated at the late stage in H1 2024.

Deals

Amazon in deal talks with Swiggy for quick commerce biz: Report

Swiggy, which competes with Dunzo, Zepto, and Blinkit, plans to launch a $1.25-billion initial public offering.