Mamaearth's IPO Frenzy📊, Disney's Blockbuster Deal📺
Angel One's Strategic Move, AJIO's Startup Boost, Reliance's Luxury Mall Unveiling, Funding Deals and more.
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Mamaearth parent’s IPO subscribed 7.61 times🎉
The initial public offering (IPO) of Honasa Consumer, the parent company of personal care brand Mamaearth, received significant demand and was oversubscribed 7.61 times. Qualified institutional buyers (QIBs) played a major role, bidding for 11.5 times the shares reserved for their category. The retail portion was subscribed 1.35 times, indicating strong investor interest in the company. 📈
Angel One Acquires DStreet Finance to Tap Gen Z📱
Angel One, an NSE-listed stockbroking platform, is acquiring Bengaluru-based fintech startup DStreet Finance. This acquisition is aimed at focusing on content generation and education for the younger generation of Gen Z traders and investors.🤝
AJIO Launches AJIOGRAM to Assist India's Fashion Startups👗
AJIO has introduced AJIOGRAM, a content-driven interactive e-commerce platform focused on direct-to-consumer (D2C) initiatives. This platform aims to assist Indian fashion startups by offering a curated space for customers to explore the latest trends, discover purpose-driven brands, delve into trending fashion sub-cultures, and shop for exclusive merchandise. 🛍️
Disney to Acquire Comcast's Hulu Stake for $8.6 Billion🎥
The Walt Disney Company has revealed its plans to purchase Comcast's $8.6 billion stake in Hulu, finalizing its takeover of the streaming service. This move values Hulu at $27.5 billion overall. The deal is set to be concluded by December 1, consolidating Disney's position in the streaming market. 📺
Reliance Inaugurates Jio World Plaza, India's Largest Luxury Mall in Mumbai💷
Reliance Group has unveiled Jio World Plaza, India's largest luxury mall, in Mumbai. Covering an expansive 750,000 square feet across four levels, the mall currently hosts 24 luxury brand outlets, with 42 more planned to be introduced between November and April. This move signifies a significant step in redefining luxury retail experiences in the heart of Mumbai. 🛍️
Sustainable packaging startup Fibmold has raised $10 million in a new round led by Omnivore and Accel.
Spice tech company Growcoms has secured $3.5 million in a new funding round co-led by JSW Ventures and Arali Ventures along with participation of existing investor InfoEdge Ventures.
Chennai-based affordable housing finance firm Aham Housing Finance has raised Rs 30 crore in a new round from Negen Capital.
Frozen foods tech platform FroGo has raised $1.15 million in a seed round which was spearheaded by Inflection Point Ventures. The round also witnessed participation of Ritesh Agarwal, Ankit Nagori, Desai Ventures, FAAD network and other investors.
Tweet of the day🐥
“It ain't about how hard you hit, it's about how hard you can get hit and keep moving forward.”
- Rocky Balboa
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