Page 5 - Valuation

Independent valuations 70% more than bankrupt Reliance Capital bids

In November last year, the Reserve Bank of India had sent the company to debt resolution after it defaulted on its loans worth Rs 24,000 crore

Byju's likely to raise over $500 mn at $23-bn valuation: Report

Edtech major Byju's is likely to raise over USD 500 million (about Rs 3,900 crore) at a valuation of around USD 23 billion in about a week, sources privy to the development said. The company is planing to use the funding for acquisition in the US, they added. The company is in discussion with Abu Dhabi's Sovereign Wealth Funds (SWF) and Qatar Investment Authority (QIA) for raising in the range of USD 400-500 million and USD 250-350 million, respectively, according to the sources. "Byju's is in an advanced stage of discussion with some investors. The company is likely to raise over USD 500 million in about a week. The transaction is expected to be closed at a valuation of around USD 23 billion," one of the sources told PTI, who did not wish to be named. Byju's declined to comment on the development. According to the source, the funding is part of the company's plan to use the fund for inorganic expansion, especially in the US. The company has already acquired US-based reading plat

Centre proposes stricter valuation rules for overseas direct investments

New rules will be effective from Monday

AlphaSense looks to increase India presence, raises $225 mn in funding

The firm said its annual recurring revenue (ARR) now exceeds $100 million

Online math class platform Cuemath raises $57 mn, tops $407 mn valuation

The funding was led by Alpha Wave and the capital would help the firm to expand to over 100 countries by FY23

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation

The edtech major has raised about $4.5 billion since it was founded 10 years ago

Valuation hurdle may limit gains in Asian Paints despite stellar Q4

While demand stays strong, raw material movement/further price hikes could hit sales/margins

Valuations are temporary, values are forever: OYO CEO Ritesh Agarwal

Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, travel and hospitality technology platform OYO's Founder and Group CEO Ritesh Agarwal said on Monday. Commenting on India crossing the 100 unicorns mark, in a post on Twitter, he said it is "not just a milestone but a stepping stone that lays the path for the next 1,000 unicorns." Retweeting his video message posted by Startup India, Agarwal said, "I am bullish on Indian entrepreneurs taking the world by storm. Founders should remember that valuations are temporary, values are forever. Focus on doing good & stay grounded." In the video message, he said it seems like India is not walking anymore when only one or two unicorns were added a year. "We are now sprinting towards glory to make India the largest entrepreneurial ecosystem in the world," he said. He listed out the presence of entrepreneurs and markets in Tier II, III and IV towns in ...

Tangible profits make biz sustainable: Birla amid high valuation of cos

The Chairman of the USD 44-billion Aditya Birla Group also said that ultimately unit economics will have to matter.

What is behind Swiggy's $10.7 billion valuation?

After Zepto bagged $100 mn and Dunzo raised Reliance funding, now Swiggy has turned a decacorn. It is planning to go big on quick commerce. Find out how Swiggy doubled its valuation in six months

Arya.ag's valuation crosses $300 million after Series C round

Matteo Pusineri, director of Asia Impact SA said through the pandemic, the investment firm has seen Arya transform agri-commerce across India

Uber rival Bolt raises $711 million at valuation of over $8 billion

Bolt, a rival of Uber's ride-sharing and food delivery business, last raised funding in August at a valuation of more than 4 billion euros.

Sebi chairman backs better pricing disclosures in new-age IPO documents

Pricing is a 'critical issue' for upcoming companies and small investors must be protected when they back them, says Ajay Tyagi.

Cars24 raises $400 mn in funding, valuation up 83% at $3.3 bn in 3 months

The investment will be utilised for the company's expansion in West Asia, Australia, and Southeast Asia, and to strengthen its foothold in India

Top 500 Indian firms added $1.2 trn wealth so far in CY21: Hurun report

This comes on the back of record highs in the stock markets, caused by a fast-growing digital economy and greater optimism for the post-Covid growth trajectory of the Indian economy

Upstox turns unicorn with funding from Tiger Global at over $3 bn valuation

The funding round is said to be led by existing investor Tiger Global and is still ongoing

Street signs: Fuel-sensitive stocks, Paytm's Rs 18,300-crore IPO, and more

Many are hoping that the shares will do well going ahead due to the relatively attractive valuations

Fundraise of $200 mn triples Ola Electric valuation to $3 billion

In July 2019, Ola Electric raised $250 mn from SoftBank, when it was just a two-year-old firm. The investment made the fledgeling venture a unicorn

Growth revival, easing of curbs may help Hindustan Unilever stock shine

Higher demand for discretionary products and price hike to support margins