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SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million After having delayed its public listing last year due to choppy market conditions, omnichannel retailer FirstCry is finally looking to file its draft #IPO papers in the next few days, people in the know said. Read more at: https://lnkd.in/dWpPzPhb By Digbijay Mishra and Samidha Sharma

We’ve probably all developed a healthy dose of speculation related to the resurgence of the IPO market. However, 2024 emerges as a potential game-changer as notable names gear up for their potential debuts this year. Here are some of the big names we could see go public this year. SHEIN, the fast-fashion giant, confidentially filed in November, eyeing a valuation boost from $66 billion to $90 billion. Panera Bread, after four years in private hands, is gearing up for a public return. Reddit, Inc., a familiar name for IPO watchers, has rekindled talks, pondering a $15 billion valuation. UL Solutions, a safety testing company, delayed its IPO plans to 2024, aiming for a $5 billion valuation amid growing demand for testing, inspection, and certification services. SKIMS, Kim Kardashian's underwear label, valued at $4 billion, is contemplating strategic options, while FinTech firm Chime, valued at $25 billion, might finally make its IPO move after postponing plans in 2023. Fanatics, the sportswear giant, valued at $31 billion, is gradually moving towards an IPO, and Klarna, the retail bank and payments service, in the black with a $6.7 billion valuation, could create more IPO buzz in 2024. Finally, Stripe, despite a valuation dip from $95 billion to $50 billion, remains a notable player, and Discord, valued at $15 billion, hints at potential public aspirations. As the IPO landscape heats up, I’m looking forward to seeing what the year has in store for these companies. https://lnkd.in/dA87QSZU   #ipo #newyear #business #capitalmarkets #valuations

"How many companies that are both founded and IPO'd since 2008's financial crisis, are net profitable?" My guess was 19. The answer was 1. How was that possible? I was asked this question by a colleague, back in May, 2022. At 24 and just having gone through our exit, I was naive enough to assume the World of e-commerce was built to conquer the next decade, and the economics of which large venture backed brands were built on was concrete. 3 years later, almost all of my assumptions were wrong. Any idea what that 1 company was? #d2c #ecommerce

Online e-commerce platform FirstCry’s parent, Brainbees Solutions Ltd., is set to launch its initial public offering (IPO) on 6 August. Click on the link below to know more... FirstCry.com (BrainBees Solutions Ltd.) I Supam Maheshwari #firstcry #ipo #brainbeessolutions #ecommerce #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing

Heyday's CEO, Sebastian Rymarz, has officially announced the merger with Branded to establish Essor, a significant development in the e-commerce sector. The newly formed entity is set to enhance brand presence and is projected to yield $400 million in annual revenue. Discussions with Apollo Global Management and BlackRock are underway to secure financing for future acquisitions. Despite the merger, Heyday is preparing for a considerable workforce reduction. This strategic consolidation mirrors the evolving landscape of Amazon aggregator firms in response to shifting e-commerce demands. #EcommerceTrends #IndustryConsolidation

🚀 Snapdeal’s Unicommerce Files for IPO. 📈 Snapdeal-backed Unicommerce submits DRHP for its IPO with SEBI. 💼 IPO consists of only an Offer for Sale (OFS), with no fresh share issuance. 💰 Investors, including SoftBank, plan to sell up to 2.98 Cr shares in the IPO. 📉 Financials: Unicommerce reports a profit of INR 6.3 Cr in H1 FY24. 🌐 Unicommerce provides SaaS solutions for post-purchase ecommerce operations. 📊 Joining the IPO wave, Unicommerce follows Ola Electric, Awfis, FirstCry, and MobiKwik. #UnicommerceIPO #Snapdeal #SaaSStartup #IndianEquitiesMarket #StartUpNews #BusinessNews #MicroShots #NewsUpdates

🚀 SoftBank Becomes Promoter in Unicommerce's IPO Filing 🚀 Exciting news in the tech and e-commerce world! Unicommerce, a leading e-commerce focused supply chain SaaS platform, has filed for an Initial Public Offering (IPO), and SoftBank has emerged as a key player by securing the promoter tag. Key Highlights: 🔹 Prominent Backing: SoftBank, known for its strategic investments in the technology sector, has been recognized as a promoter in Unicommerce's IPO filing. This marks a significant milestone for both entities, highlighting SoftBank's continued confidence in the e-commerce and technology sectors. 🔹 Unicommerce's Growth: Founded in 2012, Unicommerce has rapidly grown to become a pivotal player in the e-commerce logistics and supply chain management space. The platform serves over 15,000 customers across various industries, providing seamless inventory management, order fulfillment, and warehouse management solutions. 🔹 Strategic Importance: SoftBank's involvement as a promoter underscores the strategic importance of Unicommerce in the broader e-commerce ecosystem. This move aligns with SoftBank's vision of fostering innovation and supporting high-growth tech companies. 🔹 Market Potential: The IPO is expected to fuel Unicommerce's expansion plans, enabling it to enhance its technological capabilities, scale operations, and explore new market opportunities. With SoftBank's backing, Unicommerce is well-positioned to capitalize on the burgeoning e-commerce market. 🔹 Investment Impact: For investors, SoftBank's promoter status in Unicommerce's IPO is a positive signal. It reflects strong institutional support and adds credibility to Unicommerce's business model and growth trajectory. As Unicommerce embarks on this new chapter, the collaboration with SoftBank promises to drive innovation, improve operational efficiencies, and deliver enhanced value to customers and stakeholders alike. 🌟 Stay tuned for more updates on this exciting journey! 🌟 #IPO #SoftBank #Unicommerce #Ecommerce #SupplyChain #TechInnovation #InvestmentNews #BusinessGrowth

FirstCry to withdraw IPO papers, may refile with latest financials Brainbees Solutions, the parent company of kids-focused omnichannel retailer FirstCry, is reportedly going to withdraw its $500 million IPO within four months of filing a draft red herring prospectus with the regulator: Security Exchange Board of India (SEBI). According to a Reuters report, the firm has planned to pull back IPO papers as SEBI raised questions over key metrics it disclosed to investors. As per SEBI’s new rule introduced in 2022, an IPO-bound company must share all key business metrics that it has shared with prospective investors in the last three years. The report further said that FirstCry may refile IPO papers soon with the latest financials (three quarters of FY24: March 2023 to December 2023).

Unicommerce Set for August 6 IPO Launch, Filing RHP to Join SoftBank Group Corp.-Backed Ranks Unicommerce, a prominent SaaS platform specializing in e-commerce solutions, has officially filed its red herring prospectus (RHP) as it prepares for its initial public offering (IPO) scheduled for August 6. This strategic move places Unicommerce alongside other SoftBank-backed companies, such as Ola Electric and FirstCry.com (BrainBees Solutions Ltd.), marking its debut IPO in the first week of August. Initially submitting its draft red herring prospectus (DRHP) in January, Unicommerce recently received approval from the Securities and Exchange Board of India (SEBI). The company plans to raise funds through an offer for sale (OFS) of up to 29,840,486 equity shares, with no new shares being issued in the IPO. The OFS will involve Snapdeal | AceVector Group Limited (formerly Snapdeal Limited) and SB Investment Holdings (UK) Limited. Snapdeal | AceVector Group aims to sell up to 9,438,272 equity shares, while SB Investment plans to offload up to 16,170,240 equity shares, each with a face value of Re 1. A notable aspect of this IPO is that Snapdeal | AceVector Group's co-founders, Kunal Bahl and Rohit Bansal, have chosen not to sell any of their shares in the OFS, a significant departure from the common practice in the internet sector where founders typically divest shares during IPOs. Currently, Snapdeal | AceVector Group Limited holds a 34.91% stake in Unicommerce, making it the largest shareholder, followed by SoftBank Group Corp. and B2 Capital Partners with stakes of 29.09% and 9.91%, respectively. Other key shareholders include Madhuri Madhusudan Kela (1.65%), Dilip Vellodi (3.44%), and Anchorage Capital Group, L.L.C. Capital (7.73%). Unicommerce has shown strong financial performance. For the fiscal year ending March 2024, the company reported an operating revenue of Rs 103.5 crore, an increase from Rs 90 crore in FY23. Additionally, the company's profits more than doubled, reaching Rs 13 crore in FY24 compared to Rs 6.4 crore in FY23. #TheLegalOasis #TLO #Unicommerce #Softbank #IPO #Acevector #OlaElectric #Firstcry #Startupnews #Startupculture #Startupfinancing #StartupIPO

Remember when waiting 30 minutes for groceries felt like a win? Well, Zepto thinks that’s ancient history. Now, they’re at your door in 10 minutes—and just raised another $340 million to prove it.Since its inception in 2020, Zepto has been shaking things up in India’s grocery delivery market. From its pivot from KiranaKart to its 10-minute delivery promise, Zepto is challenging established giants like Blinkit, bigbasket.com, and Instamart—and making waves in the process. What’s the Latest? Zepto has raised $340M in a fresh funding round, bringing its valuation to $5 billion—a clear sign that investors believe in its disruptive model. The new funds will accelerate its expansion, doubling its dark stores to 700+ by 2025, and ramping up its tech-driven operations. But how did they get here? 1. The Pivot: Originally KiranaKart, Zepto rebranded and focused on ultra-fast 10-minute deliveries, turning speed into their core differentiator. 2. Dark Stores: By using smaller, strategically located dark stores, they’re able to keep products closer to customers—ensuring rapid deliveries. 3. Tech-Savvy Ops: Zepto’s advanced algorithms streamline everything from inventory management to delivery routes, ensuring efficiency. Challenges: 1. Competing with deep-pocketed rivals like Blinkit and BigBasket. 2. Managing the costs of ultra-fast deliveries while scaling profitably. 3. Handling complex logistics without faltering on their 10-minute promise. But Zepto continues to innovate, winning 13% of the market in its first year alone and generating ₹2000 crores in revenue by 2023—a 1362% growth! What’s next for Zepto? As they expand further and continue to innovate, can they surpass India’s offline retail giant DMart in the next 18-24 months, as their CEO Aadit boldly predicts? Find out more about their journey, strategies, and future plans in our latest video on YouTube at Frontrunner: