The Public Listing Conundrum 
Meanwhile, Flipkart is reportedly looking to raise $2-3 billion at a valuation of more than $40 billion. The report added that the new funding could help Flipkart add storage resources, expand its product range, and challenge competition.
Myntra reported an operating revenue of Rs 3,501 crore in the year ended 2022, resulting in a loss of Rs 597 crore—a 39.2% year-on-year increase. On a unit level, the company spent Rs 1.2 to earn a rupee of operating revenue during the same period.
#Swiggy #zomato National Restaurant Association of India told Yourstory that at least 400 brands (of varying scale) and over 900 dining outlets across 13 cities in India have sent delisting notices to Swiggy in the last two weeks.
Unacademy reported a net loss of Rs 2,848 crore for the year ended March 2022, up from Rs 1,537 crore the previous year, as per an internal document seen by Moneycontrol . While its total income rose to Rs 845 crore, expenses ballooned to Rs 3,703 crore.
Consumer electronics brand boAt has reportedly withdrawn its filings for an IPO, owing to a market that CEO Vivek Gambhir described as “choppy”. Instead, the company plans to raise $60 million through a funding round led by existing investor Warburg Pincus & Malabar Investments.
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