The company, co-founded by Bipin Preet Singh and Upasana Taku, is also considering a pre-IPO placement to raise an additional Rs 140 crore, which would reduce the size of the fresh issue in the IPO accordingly
Read MoreThis investment follows a similar move by veteran actor Amitabh Bachchan, who acquired shares in Swiggy last month, looking to expand his portfolio beyond Zomato
Read MoreThe company has raised USD 205 million from marquee investors including Accel, Chiratae Ventures, IFC, BCapital, Schroders, BII, Tiger Global and others
Read MoreAther Energy, which specialises in electric scooters, is aiming to use the proceeds from the IPO to establish a new electric two-wheeler factory in Maharashtra
Read MoreA lot of new people are entering equity market and are looking at equity markets as a very good investment because it has given the highest returns over the last few years
Read MoreThe amounts involved in these deals are said to be substantial for individual investors, though specific figures have not yet been revealed
Read MoreFounders Gaurav Singh Kushwaha and Ganesh Krishnan own approximately 14 per cent of the business, according to media reports.
Read MoreCompany's EBITDA loss stood at Rs 205 crore, with an adjusted gross margin of Rs 377 crore
Read MoreIn a candid address, Mahindra described the initiative as a ‘management experiment’ — a deliberate attempt to explore how large business groups could embrace and drive the entrepreneurial spirit
Read MoreDuring its subscription phase, the IPO received a total subscription of more than twelve times
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