At the upper end of the price band, the total issue will be worth Rs 1,336 crore, the company said, with issue proceeds being used for repaying of debts and payment of deferred consideration for one of its acquisitions, apart from investments in growth and acquisitions.
According to Gartner, India’s IT spending will grow 7% year-on-year to $101.8 billion in 2022. That compares with its forecasts of $81.89 billion spending in 2021, $79.26 billion in 2020 and $92.01 billion in 2019.
The physical Nykaa stores — targeting Indian consumers wanting to buy touch-and-feel products — are a critical part of the business, Falguni Nayar says. The company is India’s largest cosmetics etailer.
Evenflow aggregates third-party sellers on e-commerce platforms like Amazon and Flipkart. It acquires online marketplace sellers in the range of $200k - $1.5 million per brand.
Happay, founded by Anshul Rai, will continue to operate independently but work closely with Cred’s leadership to leverage its ecosystem, build distribution and expand its product offerings.
The fresh capital will be used by NxtWave for hiring, product development and fuelling its expansion plans to achieve its aim of growing revenue by five times over the next 12 months, according to a statement.
Cathie Wood’s ARK Investment Management acquired 1.1 million Twitter shares worth $48.9 million at Tuesday's closing price of $43.94, according to the firm's daily trade report.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
