WLDD Eyes ScoopWhoop Acquisition Amid GGG Crisis

• Swiggy's board has approved a significant investment of INR 1,000 Cr in its subsidiary, Scootsy.
• The investment will be made through a rights issue in one or more tranches.
• The goal is to provide working capital and other capital e...

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuati...

• Groww Creditserv, Groww's NBFC, expanded its loan book to Rs 965 crore ($115 million) by June 2024, up from Rs 731 crore ($87 million) in March 2024.
• Personal loans make up 98% of the loan book, with the remaining 2% being consumer l...

• Early investors in Swiggy, including Prosus, Accel, and Elevation Capital, are selling shares ahead of the company's IPO later this year.
• New investors, such as 360 One and high net-worth individuals, are buying these shares, showing...