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Mint
09-07-2025
- Business
- Mint
Zepto Fundraise: Quick commerce firm likely to raise up to $500 million at a $7 billion valuation — Report
Indian quick commerce giant Zepto is set to raise between $450-$500 million in fresh funding at a post-money valuation of $7 billion, reported the news portal CNBC TV-18, citing people aware of the development on Wednesday, 9 July 2025. As per the news report, the talks over the fresh funding are currently at an advanced stage, and the company is looking to raise this round at a 40% higher valuation than its 2024 levels. Zepto is competing against other quick commerce majors like Swiggy and Zomato's parent company, Eternal, in the Indian market. The company is also reportedly planning for its initial public offering (IPO). According to the report, existing investors like General Catalyst and Avenir Growth are leading the fresh fund round, while others are participating on a pro rata basis. According to Mint's earlier report on 22 November 2024, the quick commerce company Zepto raised $350 million at a valuation of $5 billion in a funding round led by Motilal Oswal's private wealth division. This November fund round was Zepto's third capital round in 2024, as the company raised money from high net worth individuals (HNIs), family offices, and Indian financial institutions. Mankind Pharma Family Office, RP Sanjiv Goenka Group, Cello Family Office, Haldiram Snacks Family Office, and actor Abhishek Bachchan and cricket icon Sachin Tendulkar were the top investors in the funding round. Three months before the November funding round, the company raised $340 million from a US-based venture capital firm, which fueled the company's valuation to $5 billion. Dragon Fund and Epiq Capital were the fresh investors in this round, while StepStone, Lightspeed, DST and Contrary increased their holdings in the company, according to the report. In June 2024, Zepto raised $665 million in a pre-IPO round at a valuation of $3.6 billion.
Mint
07-07-2025
- Business
- Mint
Dassault Aviation share price jumps after India's rebuttal on losing Rafale jets during Operation Sindoor
"Rafale jet manufacturer Dassault Aviation saw its share price gaining over less than a per cent to €298.40 during Monday's trading session. The Rafale jet manufacturer stock has been trading in red over a month, falling nearly 3 per cent. The stock snapped its losing streak after the reports revealed that Defence Secretary RK Singh on Monday dismissed claims that India's Rafale fighter jets were shot down by Pakistan during Operation Sindoor, calling them inaccurate. "You have used the term Rafales in the plural, I can assure you that is absolutely not correct. Pakistan suffered losses many times over India in both human and material terms and more than 100 terrorists," Singh was quoted as saying by CNBC TV-18. He also emphasized that the Indian armed forces have complete operational autonomy during conflicts. A controversy broke out after an Indian defence attaché in Indonesia claimed that the Indian Air Force lost fighter jets during the early stages of Operation Sindoor due to restrictions that prevented it from targeting Pakistani military installations, allowing strikes only on terrorist infrastructure. "We did lose some aircraft and that happened only because of the constraint given by the political leadership to not attack the military establishment or their air defence system," he had said. Dassault Aviation shares drew strong investor interest following the Indian armed forces' execution of Operation Sindoor on May 7, 2025. The stock initially gained around 66 per cent, however, now is currently trading in red, down over 4 per cent. According to Anshul Jain, Head of Research at Lakshmishree, said that Dassault Aviation share price has been trading in a tight closing range for the past 18 weeks, with a median around the €299 per share level. ' This prolonged consolidation has allowed the weekly chart to catch up with short-term moving averages, setting the stage for a potential breakout. A decisive move and close above 306 Euro per share will trigger fresh momentum and could lead the stock towards the 330 zone. Traders should watch for volume confirmation to ride this breakout confidently,' Jain said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
05-07-2025
- Business
- Time of India
Vivek Oberoi says he felt stuck in Bollywood, turned to business and raised over $1 billion in last year alone: ‘You have to marry Silicon Valley with a Marwari mindset'
Vivek Oberoi has revealed that a sense of stagnation in the film industry led him to pivot more aggressively towards business. Having spent over two decades in Bollywood, the actor said he grew increasingly disillusioned with the lack of meaningful collaboration in the entertainment world. That realisation pushed him to pursue entrepreneurship, which he now calls his 'primary source of sustenance.' Speaking to CNBC TV-18, Vivek shared, 'After a while in the industry, I realised I was going around in circles and ending up where I started. I didn't enjoy that. It wasn't empowering. I enjoyed being there and collaborating with certain people, but collaboration needs to be a circular give-back.' Suresh Oberoi sparked his early interest in business The foundation for his entrepreneurial spirit, Vivek said, was laid in childhood thanks to his father, veteran actor Suresh Oberoi. He recalled how his father would often bring home inventory, sometimes perfumes, other times electronics, and ask a young Vivek to sell them door-to-door. 'When I was nine or 10, he would suddenly show up with inventory. One year it was perfumes, another year it was electronics... I'd fill it up in my backpack and go door-to-door. At the end of the day, he'd ask me for my 'khata book' and let me keep only the profit. He'd take the cost from me,' Vivek shared. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Two of his companies are set to go public The actor claims to be actively involved in 12 companies, and two of them are gearing up for an IPO. In the last year alone, he says he's helped raise approximately $1 billion (Rs 8,500 crore) in capital. According to reports, Vivek Oberoi's net worth now stands at around Rs 1,200 crore. 'I'm not averse to obnoxious capital,' he remarked. 'That is a substantial sum. But where that capital pipeline deploys and how is that growth protected... Somewhere, you have to marry Silicon Valley with a Marwari mindset. That marriage has to happen.' Vivek Oberoi confesses he wanted to 'end things' at one point: 'Which is why I related to what happened with Sushant Singh Rajput..' Tapping into the 'desi tadka' mindset in business Reflecting on Bollywood's penchant for adding a local twist to global concepts, Vivek added with a laugh, 'Even when we copied international films, we added our desi tadka. So, why not in business?' The shift, he explained, came when he chose to stop 'banging his head' against closed doors in the film industry and opted instead to build his own. 'It was about either going down a spiral of pessimism, or stop banging my head against that door and open another one instead.'
Indian Express
05-07-2025
- Business
- Indian Express
Vivek Oberoi says he raised Rs 8,500 crore for his companies in just one year: ‘Marry Silicon Valley with Marwari mindset'
Actor Vivek Oberoi said that he grew disillusioned with the film industry, which prompted him to focus on his business ventures. The actor has worked actively in Bollywood for over two decades, but is now increasingly turning to the entrepreneurial side of his life as his primary source of sustenance. In the last year alone, he said that he has raised around $1 billion (Rs 8,500 crore) for the 12 companies that he is currently a part of; two of these companies, he said in a new interview, are ready to go public. He is said to be worth Rs 1,200 crore. Chatting with CNBC TV-18, Vivek said that he was inclined towards business from a very young age, thanks to his father, Suresh Oberoi. 'He was always an investor, he was buying and selling land, accumulating land. He made money always. Land was my first introduction. When I was nine or 10, he would suddenly show up with inventory. One year was perfumes, the other year it was electronics… I would fill it up in my backpack, and go door to door. At the end of the day, he would ask me for my 'khata book', and let me keep only the profit. He'd take the cost from me,' Vivek said. Also read – Vivek Oberoi reveals his money-lending business is valued at nearly Rs 3,400 crore, says he travels by economy when he's in start-up founder mode Vivek said that after spending some years in the film industry, he realised that he was just going around in circles and ending up in the same place that he started. 'I didn't enjoy that. It wasn't empowering. I enjoyed being there and collaborating with certain people, but collaboration needs to be a circular give-back. People need to pick people with talent, and give them advice, or a platform, or support. That's something that was missing in the ecosystem,' he said, adding, 'It was about either going down a spiral of pessimism, or stop banging my head against that door and open an another one instead.' This is when he decided to pivot to business. He said, 'I'm not averse to obnoxious capital. In the past year itself, across my companies, we would have raised over $1 billion. That is a substantial sum. That isn't the problem. But where that capital pipeline deploys and how is that growth protected… Somewhere, you have to marry Silicon Valley with a Marwari mindset. That marriage has to happen.' Vivek said that even when Bollywood producers and directors would 'copy' international films, they would infuse them with 'desi tadka'. 'So, why not in business?' he asked rhetorically. In an earlier chat with SCREEN, Vivek spoke about his decision to move away from films. 'It was only around 2009 when I decided I didn't want to be completely dependent on this and built my economic independence. I didn't want to be in a situation where a lobby could decide your future. Somebody could bully you into doing something because they controlled things,' he said.
Time of India
26-06-2025
- Business
- Time of India
PB Fintech co-founders likely sell 5.50 lakh shares worth Rs 960 crore in block deal
PB Fintech , the parent company of Policy Bazaar , witnessed a block deal on Thursday, where the company's co-founders, Yashish Dahiya and Alok Bansal , likely sold 5.50 lakh shares, or 1.1% of the company's equity. The deal is valued at approximately Rs 960 crore. According to CNBC TV-18, the transaction is believed to have taken place at a price of Rs 1,821.50 per share. However, the official details of the transaction have not been confirmed. Following the development, shares of PB Fintech slipped 1.1% to hit an intraday low of Rs 1,819.80 on the BSE. PB Fintech share price history Over the past one year, the stock of PB Fintech has surged 38.62%. On a year-to-date (YTD) basis, it has declined by 13.16%, while in the last six months, it is down 10.72%. However, in the past three months, the stock has gained 14.30%, and over the last one month, it has risen by 3.40%. On Wednesday, PB Fintech shares closed 1.4% lower at Rs 1,839.75 on the BSE. Also read: SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years PB Fintech Q4 results PB Fintech reported a sharp 185% year-on-year (YoY) jump in its consolidated net profit for the quarter ended March 2025 (Q4FY25). It rose to Rs 171 crore in Q4FY25 from Rs 60 crore in Q4FY24. Revenue from operations for the March quarter stood at Rs 1,508 crore, up 38% from Rs 1,090 crore in the same quarter of the previous financial year. On a full-year basis, PB Fintech's PAT surged 448% to Rs 353 crore in FY25 from Rs 64 crore in FY24, with profit margins expanding from 2% to 7%. The company's closing cash balance at the end of the quarter stood at Rs 5,406 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
