Info Edge-backed ‘NoPaperForms’ to file for Rs 500 cr IPO
NoPaperForms, an online admissions company for schools and colleges, backed by Info Edge, plans to file for IPO to raise Rs 500 crore While the firm will use the capital to expand its business and fortify its technology.
“The move reflects the confidence in the future and the ability of attracting investors. The “Public Listing” will give more people access to invest in the company and support its mission of reducing unnecessary waste in admissions processes.
This is a big move for NoPaperForms in its quest to drive penetration in the education sector.
OYO fastrack it’s IPO plan due to debt repayment
In order to repay its loans OYO has decided to roll out plans for an Initial Public Offering (IPO) quickly. The company, which operates economy hotels, is moving forward with the IPO to raise capital and settle its debts.
OYO’s new plan comes amid its efforts to bolster its market position and regain investor confidence over its growth and financial health.
The decision is a sign of the urgency the company faces as it tries to tackle its debt situation while still growing its business.
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Blackstone exits Haldiram stake race
Blackstone has opted out of the race to acquire a stake in Haldiram’s, an Indian snack brand. The global investment firm had been in negotiations to buy a minority stake but has backed out.
Differences about the valuation and terms of a potential deal are said to have scuttled the talks. Haldiram’s, which is most famous for its snacks, had piqued the interest of multiple investors, but Blackstone’s exit clears the way for others.
The move underscores the difficulties of making deal in competitive markets, even for large players like Blackstone.
Q-com is burning Rs 5,000 crore per quarter
Major company Q-Com is bleeding badly — losing Rs 5,000 crore every quarter. Investors, employees scramble after this massive loss.
The company cannot control its cost and it’s probably getting worse. People are concerned about what will happen to its future if this continues.
The news has made people hungry for information about Q-Com’s moves to recover and if they’re even going to make it through such financially difficult times. Plenty are keeping a close eye on how the company aims to turn the tide.
M2P to acquire ‘Mad Street Den’ at 90% discount
Fintech firm M2P to buy AI startup Mad Street Den at 90% discount The deal comes on the back of several financial struggles, and a drop in valuation, for Mad Street Den. M2P considers this a great opportunity to enhance its tech proposal.
It underscores the challenges that startups face, and how large companies can seize opportunities in those challenges. The agreement is expected to be finalized shortly, representing a major change for both companies.
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