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The shares were sold at an average price of Rs 340.8 each share, taking the aggregate value to Rs 954.24 crore

Softbank offloads 3.8% stake in Delhivery

The shares were sold at an average price of Rs 340.8 each share, taking the aggregate value to Rs 954.24 crore

Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company Delhivery for Rs 954 crore through open market transactions.
Saudi Arabian Monetary Authority, City of New York Group Trust, Societe Generale, BNP Paribas Arbitrage, Morgan Stanley Mauritius, Baillie Gifford Emerging Markets Equities Fund were among the buyers of shares.
According to the block deal data available with the BSE, SVF Doorbell (Cayman) offloaded 2.80 crore shares in eight transactions, amounting to 3.8 per cent stake in the firm.
The shares were sold at an average price of Rs 340.8 each share, taking the aggregate value to Rs 954.24 crore.
Post the latest transaction, the equity shareholding of SVF Doorbell (Cayman) have reduced to 14.58 per cent from 18.42 per cent stake in the company.

Startups are making a beeline for Dalal Street this year, with most still running losses which are the ones worth betting on. editorji explores the big startups set to shake up the street.&nbsp;
First up, Zomato, this food delivery platform will be the&nbsp;first meaningful&nbsp;Internet listing in India. Backed by Sequoia and&nbsp;Infoedge&nbsp;this&nbsp;foodtech&nbsp;giant is looking to raise Rs 8,250 crore, or over $1.1 billion, through its initial public offering (IPO) makes this one of the largest by a consumer&nbsp;internet.&nbsp;The proposed offer will comprise Rs 7,500 crore worth of fresh issue and Rs 750 crore worth of share sale by Info Edge. The company, which was last valued at $5.4 billion in February 2021 is hoping brokerages bet big on it as the food delivery market which is now just a&nbsp;2 player&nbsp;market is slated to be $11 billion opportunity in 5 years as per CLSA. The numbers however are not encouraging. Zomato continues to bleed&nbsp;revenues,&nbsp; reporting&nbsp;Rs 683&nbsp;cr&nbsp;in a net loss against Rs1300&nbsp;cr in revenues for the nine months ending December 2020.&nbsp;&nbsp;Putting on a pretty face for Dalal Street is beauty retailer&nbsp;Nykaa, this&nbsp;9 year old&nbsp;e-commerce platform is looking to debut on the stock market with a $500-700 million IPO. Founded by former investment banker Falguni Nayar,&nbsp;Nykaa&nbsp;doubled&nbsp;it&rsquo;s&nbsp;valuation this year in&nbsp;it&rsquo;s&nbsp;last funding and is looking to double that to $4.5 billion valuation through&nbsp;it&rsquo;s&nbsp;listing.&nbsp;Nykaa&nbsp;is exciting brokerage as unlike many other startups is not burning&nbsp;cash ,&nbsp;infact&nbsp;it is already profitable.&nbsp; It is today the largest multi-brand beauty &amp; personal care (BPC) platform in India commanding nearly a third of the online BPC space. With over 15 million registered users and over 1.5 million orders a month&nbsp;Nykaa&nbsp;is also expanding into fashion facing off the competition with Myntra and&nbsp;Ajio.&nbsp;Nykaa&nbsp;ended FY20 with revenues at Rs1800&nbsp;cr&nbsp;and the company turned&nbsp;profitable in&nbsp;FY19.&nbsp;Backed by&nbsp;SoftBank, Tiger Global&nbsp;land Carlyle logistics startup&nbsp;Delhivery&nbsp;is planning to list as well within this financial year. The Gurugram-based company was founded in 2011 and is currently valued at $3 billion dollars. The company is looking to raise $500 million via the IPO as per Sahil Barua, co-founder and chief executive officer of&nbsp;Delhivery. The startup boasts of revenues of over Rs 3700&nbsp;cr making it the largest supply-chain company in the country by revenue.&nbsp;&nbsp;&nbsp;Last and the opposite of least, India&rsquo;s most valuable startup&nbsp;PayTm&nbsp;is reportedly getting into gear for a mega IPO, one that would be India&rsquo;s largest IPO to date. Reports indicate the online merchant payment gateway is looking at a whopping $30 billion valuation. The company in&nbsp;it&rsquo;s&nbsp;last round of funding was valued at $16 billion. In the unlisted market space,&nbsp;PayTm&nbsp;shares soared to as high as Rs 27,500/share ahead of the IPO. Market sources confirmed that&nbsp;PayTm&nbsp;has&nbsp;announced a 1:10&nbsp;bonus to get the ticket size of these shares lowered to attract retail investors at the time of the IPO. Alibaba and SoftBank-backed&nbsp;PayTm&nbsp;is aiming for a Diwali listing 5 years after it&rsquo;s big boost from&nbsp;demonetisation.&nbsp;

Startup IPO rush: Nykaa, Zomato, Paytm, Delhivery 

Startups are making a beeline for Dalal Street this year, with most still running losses which are the ones worth betting on. editorji explores the big startups set to shake up the street.&nbsp;
&nbsp;

PayTm&nbsp;announced a 1:10&nbsp;bonus to attract retail investors

Startups are making a beeline for Dalal Street this year, with most still running losses which are the ones worth betting on. editorji explores the big startups set to shake up the street.&nbsp;
Set to deliver a hot IPO: Zomato First up, Zomato, this food delivery platform will be the&nbsp;first meaningful&nbsp;Internet listing in India. Backed by Sequoia and&nbsp;Infoedge&nbsp;this&nbsp;foodtech&nbsp;giant is looking to raise Rs 8,250 crore, or over $1.1 billion, through its initial public offering (IPO) makes this one of the largest by a consumer&nbsp;internet.&nbsp;The proposed offer will comprise Rs 7,500 crore worth of fresh issue and Rs 750 crore worth of share sale by Info Edge. The company, which was last valued at $5.4 billion in February 2021 is hoping brokerages bet big on it as the food delivery market which is now just a&nbsp;2 player&nbsp;market is slated to be $11 billion opportunity in 5 years as per CLSA. The numbers however are not encouraging. Zomato continues to bleed&nbsp;revenues,&nbsp; reporting&nbsp;Rs 683&nbsp;cr&nbsp;in a net loss against Rs1300&nbsp;cr in revenues for the nine months ending December 2020.&nbsp; Adding the glam factor: Nykaa &nbsp; Putting on a pretty face for Dalal Street is beauty retailer&nbsp;Nykaa, this&nbsp;9 year old&nbsp;e-commerce platform is looking to debut on the stock market with a $500-700 million IPO. Founded by former investment banker Falguni Nayar,&nbsp;Nykaa&nbsp;doubled&nbsp;it&rsquo;s&nbsp;valuation this year in&nbsp;it&rsquo;s&nbsp;last funding and is looking to double that to $4.5 billion valuation through&nbsp;it&rsquo;s&nbsp;listing.&nbsp;Nykaa&nbsp;is exciting brokerage as unlike many other startups is not burning&nbsp;cash ,&nbsp;infact&nbsp;it is already profitable.&nbsp; It is today the largest multi-brand beauty &amp; personal care (BPC) platform in India commanding nearly a third of the online BPC space. With over 15 million registered users and over 1.5 million orders a month&nbsp;Nykaa&nbsp;is also expanding into fashion facing off the competition with Myntra and&nbsp;Ajio.&nbsp;Nykaa&nbsp;ended FY20 with revenues at Rs1800&nbsp;cr&nbsp;and the company turned&nbsp;profitable in&nbsp;FY19. In gear for an IPO:&nbsp;Delhivery Backed by&nbsp;SoftBank, Tiger Global&nbsp;land Carlyle logistics startup&nbsp;Delhivery&nbsp;is planning to list as well within this financial year. The Gurugram-based company was founded in 2011 and is currently valued at $3 billion dollars. The company is looking to raise $500 million via the IPO as per Sahil Barua, co-founder and chief executive officer of&nbsp;Delhivery. The startup boasts of revenues of over Rs 3700&nbsp;cr making it the largest supply-chain company in the country by revenue.&nbsp;&nbsp; The Diwali&nbsp;Dhamaka: PayTm&nbsp;IPO
Last and the opposite of least, India&rsquo;s most valuable startup&nbsp;PayTm&nbsp;is reportedly getting into gear for a mega IPO, one that would be India&rsquo;s largest IPO to date. Reports indicate the online merchant payment gateway is looking at a whopping $30 billion valuation. The company in&nbsp;it&rsquo;s&nbsp;last round of funding was valued at $16 billion. In the unlisted market space,&nbsp;PayTm&nbsp;shares soared to as high as Rs 27,500/share ahead of the IPO. Market sources confirmed that&nbsp;PayTm&nbsp;has&nbsp;announced a 1:10&nbsp;bonus to get the ticket size of these shares lowered to attract retail investors at the time of the IPO. Alibaba and SoftBank-backed&nbsp;PayTm&nbsp;is aiming for a Diwali listing 5 years after it&rsquo;s big boost from&nbsp;demonetisation.&nbsp;

Delhivery to create 15k jobs ahead of festive season

Delhivery&nbsp;aims to create 15,000 seasonal jobs as it is geared up to ship packages double than the last year during the upcoming festive season

Supply chain services provider Delhivery&nbsp;said it aims to create 15,000 seasonal jobs as it is geared up to ship around 70 million packages during the upcoming festive season, which is double than the last year.
The seasonal job openings span over last mile, first-mile pickups, hubs, service centres, including security personnel and drivers.
The company will invest over ₹300 crore on expansion in the coming 18-24 months, increasing its fleet size and setting up more mega trucking terminals.

delhivery

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