This decline can be attributed to a confluence of geopolitical and economic factors. Despite the downturn in Fintech funding, the Indian economy has demonstrated robust performance, with a gross domestic product (GDP) growth rate of 8.2 per cent for the fiscal year 2024
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Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, JM Financial and Avendus Capital are acting as the Book Running Lead Managers for the issue, as per media reports
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The IPO includes a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by existing shareholders
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The company has now amassed over USD 1 billion in equity and debt, with its latest valuation at USD 5.5 billion
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In December 2023, Hero MotoCorp invested Rs 140 crore to raise its stake in Ather Energy to 39.7 per cent
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As part of the share sale, the co-founders, Rajnish Kumar and Aloke Bajpai, are selling 1.19 crore shares each. Other investors such as SAIF Partners India, Peak XV Partners, Micromax Informatics, Placid Holdings and Madison plan to exit partially
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This marks a 24 per cent rise from Baron's previous valuation of USD 12.2 billion as of March 31
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Swiggy is taking advantage of a new filing route introduced by Sebi in 2022, which allows preliminary details to be kept confidential
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