Microsoft is in talks with Oyo
The company is reportedly in advanced talks with the hotel chain unicorn to invest an undisclosed amount. Oyo’s valuation is expected to rise to $9 billion post the investment.
The unicorn’s founder, Ritesh Agarwal, recently disclosed that the firm is looking at a potential initial public offering (IPO).
Nykaa is preparing for an IPO
The initial public offering could value the beauty startup at over $4 billion. Falguni Nayar’s e-commerce company is looking to file its draft red herring prospectus (DRHP) soon.
The firm is looking to sell about 10% of the equity, raising approximately $400 million.
Ola expanded its ESOP pool
The ride-hailing unicorn has expanded its employee stock options (ESOP) pool to Rs 3,000 crore.
In the run-up to its initial public offering (IPO), the company will also allocate another Rs 400 crore worth of stock to its employees.
Byju’s is on an acquisition spree
The ed-tech unicorn acquired education platform Great Learning for $600 million and after-school learning app Toppr for $150 million this week.
Moglix completed ESOP buyback
The B2B commerce unicorn completed employee stock options (ESOP) buyback worth $3 million also expanded its ESOP pool to $10 million, which will include over 300 employees under the programme.
Nium became a unicorn
The company formerly known as Instarem has raised $200 million this week in a Series D round at a valuation of $1 billion-plus.
Nium is South Asia’s first global business-to-business (B2B) payments unicorn.
Droom became a unicorn
The automotive startup’s fresh round of funding took the company’s valuation to $1.2 billion.
The newly-minted unicorn plans to launch its initial public offering (IPO) next year.
ShareChat’s parent raised $145 million
The regional language social media unicorn will be valued at $2.88 billion post the funding round.
Amanat Khullar is the Content and Editorial Manager at ADIF.
Join the Alliance of Digital India to become a part of our journey to grow India’s startup ecosystem.