Licious target $2B IPO valuation
Licious, a popular online meat and seafood brand, is looking to achieve a $2 billion valuation in its planned IPO. The company is considering going public sometime soon, as it expects investors to get excited about its rapid expansion in the food delivery market. Triple quality checks ensure fresh and quality products at Licious, and having created lifelong customers through top notch service and inherent business idea, it has made its way onto the list. The company will use the IPO to grow even further and make its mark in an overcrowded market. This demonstrates a level of confidence in its business model and must have future growth potential. All eyes are on Licious as it gears up for this major milestone.
Cloud kitchen Curefoods raise Rs 37 crore
Cloud kitchen firm Curefoods raises Rs 37 crore in funding The money will allow the company to scale its activities and widen its footprint. It makes and delivers food from “centralized kitchens,” emphasising quality and convenience. This kind of investment indicates confidence in the company’s model and its ability to satiate the growing demand for food delivery services. The move reflects the burgeoning phenomenon of cloud kitchens in the food industry.
Read More: Startup News India: 18th Feb 2025
CarDekho post Rs 340 cr loss in FY24
Gurugram based online vehicle buying and selling platform, CarDekho registered a Rs 340 crore loss in FY 2024. Costs were rising and competition in the auto sector was particularly intense, challenging the company. Sharing about this, CarDekho stays hopeful for the future despite the loss. They will focus on enhancing their services and increasing their services of the customers. They hope the measures will enable them to rebound, and expand, over the years ahead.
Tesla start hiring in India
Tesla Is Hiring In India, Clearing The Path For Entry Into The Indian Market The company seeks sales, marketing and service talent. Tesla’s plans to launch its electric vehicles in India soon are reflected in this step. This could, as the third-party organization pointed out, be a major boost for the electric vehicle industry in the country as it could create new employment opportunities. Tesla’s move indicates its assurance in India’s expanding clean energy solution market. The market has been eagerly awaiting to see how this will define the future of electric mobility in the country.
Bira suffer ₹80 cr loss due to name change
Popular beer brand Bira 91 took a massive hit of ₹80 crore by changing its name. Therefore, it rebranded itself to “Bira” because it sounded simpler and more global. But this action baffled consumers and damaged sales. People did not respond well to the new name, and many did not even know that it was the same old brand they love. The loss highlights how perilous it can be to alter a beloved brand’s identity. Bira is currently scrambling to fix its image and regain customers. It’s a hard lesson in the importance of branding and customer trust.
Read More: Startup News India: 17th Feb 2025
Razorpay to invest $10-15 million in POP
India’s leading fintech company Razorpay announced that it is going to invest between $10-15 million in POP, which is a startup that helps businesses with payment solutions. The acquisition is expected to reinforce Razorpay’s offerings and fuel POP’s next phase of growth. Razorpay said this also reflects its belief in the ability of POP to bring innovations in the payments management space. This partnership between the two companies has especially been something big, considering the scale of payment solutions that can be delivered to businesses in India. This move reflects Razorpay’s commitment in nurturing innovation in the fintech ecosystem.
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