Hello, In the latest season of IPOs, FirstCry had a blockbuster debut. At the end of the first day of listing, parent Brainbees Solutions saw its market capitalisation jump to $4.1 billion, while its shares gained 44.
8%. The omnichannel retailer made a strong gain at the opening, with its stock price touching Rs 651 apiece and rose to a high of Rs 707.70 apiece before closing at Rs 673.
50 per share on NSE. Similarly, shares jumped nearly 9% on the first trading day. The SoftBank-backed firm’s stock opened at Rs 235 per share on the NSE, marking a 117.
6% premium over its issue price of Rs 108. Moving on to the unicorns, joins the club! The electric two-wheeler maker raised Rs 600 crore ($71 million) shortly after its rival, Ola Electric’s stock market debut, at a valuation of $1.3 billion (Rs 10,900 crore).
Forbes’ next-billion dollar startups! In other news, the Telecom Regulatory Authority of India has directed service providers to stop from unregistered callers and blacklist them as TRAI looks to tackle a surge in spam and phishing calls. Spammers—be aware, you will be backlisted! Lastly, meet the “zombie star” or —one of a handful of supernovas documented before the invention of telescopes that has puzzled astronomers for centuries. In today’s newsletter, we will talk about Here’s your trivia for today: Who was the first American astronaut to orbit the Earth? News Cosmetics and fashion marketplace Nykaa posted a 120% rise in quarterly profit after tax, helped by a strong performance of its beauty and international segment.
Separately, the Falguni Nayar-led company said it will purchase 5.29 lakh shares in Dot & Key and hold a 90% equity interest post the investment. It also said it was acquiring a majority stake in Earth Rhythm Private Limited through a combination of primary and secondary transactions.
Doubling profits: Image credit: Shutterstock Funding Alert Startup: Vayana Amount: $20.5M Round: Series D Startup: Fresh Bus Amount: $10.5M Round: Series A Startup: Beco Amount: $10M Round: Pre-Series B Startup Most people are no strangers to the terror of math as kids; Math phobia is such a well-known phenomenon that it is a buzzword on its own.
Pune-based edtech startup Khare Classes wants to buck this trend. It is achieving it through “one-to-one” personalised teaching with support from artificial intelligence (AI). Personalised learning: Women Entrepreneurs In 2021, Shailaja Mittal had her first look into the state of sexual healthcare in India.
She understood that sexual health still remained a taboo subject, and even if people overcame the “shame” associated with seeking help, they were not able to find the right doctor or treatment. This understanding led Mittal to start Qurex in 2023, a healthtech startup dedicated to sexual health solutions. Raising awareness: News & updates Answer: Astronaut John Glenn.
He circled the Earth three times in 1962. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail ..
