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Travel ticket booking platform ixigo parent Le Travenues Technology has set a price band of Rs 88-93 per share for its initial public offering (IPO). The IPO, which aims to raise Rs 740 crore, is scheduled to launch on June 10 and close on June 12. The IPO comprises a fresh equity issue of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares. Under the OFS, shareholders like Elevation Capital, Peak XV Partners, Bajpai, Kumar, Micromax Informatics and Placid Holdings will offload part of their stakes. Read the full story here: 👇 https://lnkd.in/g_qEaPeU #traveling #booking #travel #startup #company #indianstartupnews

The initial public offering (IPO) of online travel aggregator (OTA) ixigo’s parent Le Travenues Technology will open next week on June 10 (Monday) and close on June 12 👇 As per the platform’s red herring prospectus (RHP), the anchor investor bidding will take place on Friday (June 7). The IPO will comprise a fresh issue of shares worth INR 120 Cr and an offer for sale (OFS) component of 6.67 Cr shares (6,66,77,674 to be precise). As part of the OFS, cofounders Rajnish Kumar and Aloke Bajpai will sell 1.19 Cr shares each. Investors SAIF Partners India and Peak XV Partners will offload 1.94 Cr and 1.3 Cr shares, respectively. 🔗 To read more in detail, click here: https://lnkd.in/gc2Sq6Ef #ipo #sharemarket #startups

Autotech (US$31.2mn), edutech (US$2.5mn), and enterprise applications were the top-funded verticals in Q1 2024. No new unicorns emerged in 2024, similar to Q1 2023. There was hardly any activity in terms of exits, with only two acquisitions and no IPOs. #Vietnam #e27News https://loom.ly/UCUK6Io

Wealthtech startup Centricity WealthTech has secured $20 million in a seed funding round led by Lightspeed India Partners, with additional participation from returning investors such as Burman Family Office and Shantanu Agarwal. The funding round also saw investments from Paramark VC, MS Dhoni Family Office, NB Ventures Family Office, Aakash Chaudhry, Ritesh Agarwal, Vishal Dhupar, MMG Group Family Office, and Action Tesa Family Office. This round values Centricity at $125 million. Founded by Manu Awasthy (CEO), Gaurav Tiwari, Manish Sharma, Pushpendra Singh, and Aditya Shankar, Centricity plans to use the newly raised capital to scale its platforms, Invictus and One Digital, through investments in technology, talent acquisition, private banking expansion, and strategic acquisitions. Centricity's vision includes becoming India’s largest financial distribution company by targeting ultra-high-net-worth individuals (UHNIs) and expanding its reach through a business-to-business-to-consumer (B2B2C) model, filling the gap in India's financial distribution network. #Centricity #WealthTech #FundingRound #LightspeedIndiaPartners #IndiaStartups #FinancialServices #startup77

Zoomcar, which listed on Nasdaq last month following the completion of a special purpose acquisition company (SPAC) merger, saw its India entity’s net loss surge over 3.2X in the financial year ended March 31, 2023. Zoomcar India posted a net loss of Rs 237 Cr in the financial year 2022-23 (FY23), a jump of 221% from Rs 74 Cr in the previous fiscal year. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #Zoomcar #NasdaqListing #SPACMerger #Financials #NetLoss #FY23 #BusinessNews #IndianStartups #EconomicUpdate #Investment #MarketTrends #StartupNews #StartupTrak

Bulgarian-founded Payhawk said it is looking to acquire a company or companies at the series A stage of their development, referring to early-stage startups that have already raised a significant round of funding https://lnkd.in/eEy-n6i6 #mergersandacquisitions #growthplatform #growth #sales #acquisitions

LE TRAVENUES TECHNOLOGY PRIVATE LIMITED, the parent company of ixigo looks to take off again after a failed IPO Plan in 2023. The travel tech #startup has filed a DRHP with the Securities and Exchange Board of India (SEBI) for an #ipo. Red Flags: 🚩 Founders Aloke Bajpai and Rajnish Kumar want to cash in ~₹350 Crores through the IPO. 🚩 The total OFS is estimated to be in the range of ₹930-1050 Crores whereas other than founders Elevation Capital, Peak XV Partners, Micromax Informatics Ltd, Placid Holdings, and Madison India Capital look to cash in. 🚩 Looking for a pre-IPO placement of ~₹24 Crores Green Ticks: ✅ Constantly growing operating revenue from good bounce-back in the #travel industry. ✅ From having a loss in FY-22, to running it profitably in FY-23 and even stronger profits for FY-24. ✅ The total Indian travel market as represented by modes of air, rail, road and hotel is estimated at around ₹3.8L Crores in FY-23 and expected to grow at a CAGR of around 9% to reach ₹5.8L Crores by FY-28. The Bottomline: The IPO exit will be critical for Peak XV Partners given their separation from Sequoia Capital for getting new commitments from LPs for future funds. For more information, refer to the slides in the document I am Faraz Wadhwania, I write about #startups, #vcfunding, #investments, #fundraising, #venturecapital, #privateequity, #familyoffice etc. Follow + Send Connection Request + 🔔

Want to build a Unicorn ⁉ Convince a few people that your company is the next big thing and make them invest $10,000 in your company for a 0.00001% stake. TA-DA Your company is now valued at $1 BILLION. This is also why today in the Indian ecosystem we see startups reach unicorn status faster, as compared to vintage times where a popular way to gain massive investments was IPOs. It is the ease of convincing a few PE/VC investors that your company has value versus the entire investor ecosystem, which includes retail investors, institutions and everyone else. Open to hearing your views on the same! PS: I wish it rained money irl, but AI makes the image possible at least. #startupfunding #PE #VC #IPO #unicornstatus

TheKredible’s IPO Report: Beyond the Listing Bell The surge of tech IPOs in India has proven to be a windfall for investors, with many companies experiencing significant growth in the public market and offering early investors impressive returns. Leading the pack was SaaS-based firm Tac Security, which saw an astonishing 422x subscription rate upon its listing earlier this year. The company's current share price is Rs 527.95, boasting a market cap of Rs 553 crore. Following closely were DroneAcharya Aerial Innovations Limited, a startup focused on drone technology, and the gaming company Nazara Technologies Limited, with subscription rates of 262x and 175.46x respectively. Other notable companies included EaseMyTrip.com, MapmyIndia, Awfis Space Solutions Limited, and ideaForge. The report titled ‘Beyond the Listing Bell: Tracking Key Metrics of Startup Tech Stocks’ delves into the performance of tech IPOs listed from 2021 onwards, offering insights into market dynamics and the returns on investment for early backers. #ipo #startup #techstocks #ofs #investors #publiclisting #stocks #nse #bse #fy24 #financials #nykaa #zomato #paytm #stockmarket

SoftBank-backed B2B SaaS startup Whatfix has secured $125 Mn ( around INR 1,045 Cr) as a part of its Series E funding round led by Warburg Pincus, along with participation from existing backer SoftBank 👇 The latest round, which is a mix of primary and secondary deal, catapulted the startup’s valuation close to $900 Mn (around INR 7,524.4 Cr), a 50% jump from the earlier $600 Mn. While Warburg Pincus infused $100 Mn into Whatfix, SoftBank invested $25 Mn via its Vision Fund 2. Whatfix plans to use the fresh proceeds to expand into new geographies, including Southeast Asia and the Middle East while also adding new products to its portfolio. Besides, the funds will enable Whatfix to enhance its integrated product suite through both organic growth and strategic acquisitions. Founded in 2013 by Khadim Batti and Vara Kumar Namburu, Whatfix earns revenue by selling subscriptions and professional services to other businesses. #news #unicorn #Whatfix #funding