The Arc @thearc_hq

Essential news, incisive analysis, and data-led insights about influential tech companies in India. Sign up - https://t.co/PYLzyncR3a thearcweb.com Bengaluru Joined January 2023

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Madhav Chanchani @madhavchanchani

a week ago

🚨 Two big takeaways from Swiggy’s Rs 2,400 crore Rapido stake sale to Prosus & WestBridge - Swiggy tops up its war chest: Cash reserves had slipped to Rs 5,500 crore in June, far below Eternal’s Rs 18,000 crore+ and Zepto’s Rs 7,000 crore (as of March). This deal gives it fresh…

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The Arc @thearc_hq

a week ago

🚨 Swiggy has sold its 12% stake in Rapido for Rs 2,400 crore The shares have been acquired by Rapido's existing investors - Prosus and WestBridge Capital thearcweb.com/article/rapido…

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The Arc @thearc_hq

a week ago

🚨 Fantasy sports platform Dream11 says that it is attracting 10 million daily active users after becoming a free-to-play platform. Adds that Swiggy, Astrotalk, and Tata Neu have come on board as advertisers. Dream11 had shut down its real-money gaming biz last month.

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The Arc @thearc_hq

2 weeks ago

🚨 Furniture retailer Pepperfry - valued at over $340 million - to be acquired by realty services co TCC Concept TCC is a small-cap company with a market cap of $220 mn. The deal size was not disclosed - thearcweb.com/article/smallc…

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Aditi Shrivastava @AditiS90

2 weeks ago

🚨BIG🚨 Founder of India’s largest offline grocery chain buys into the largest quick commerce company. DMart promoter Damani family has picked up 0.5% in Eternal — which owns Blinkit and Zomato. This makes them one of the top 20 shareholders in the firm.

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The Arc @thearc_hq

2 weeks ago

🚨 Urban Company made a record debut on Dalal Street on Wednesday 🏆 For early investors like Elevation Capital and Accel, this meant return multiples of over 30 times 💸 Founders and promoters - Abhiraj Bahl, Varun Khaitan and Raghav Chandra - have not sold any shares in the…

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Aditi Shrivastava @AditiS90

2 weeks ago

🚨Amazon’s main marketplace unit in India has cut its net loss by 89%!!! Losses narrowed to Rs 374.3 crore in FY25 while operating revenues increased by 19% to Rs 30,139 crore. Amazon’s advertising revenues grew by 24% to Rs 8,370 crore ($953 million). More details & how it…

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The Arc @thearc_hq

2 weeks ago

🚨 Amazon's flagship India unit has reported a massive 90% drop in net loss in FY25. The net loss stands at just Rs 374 crore now, from about Rs 3,500 crore last year. thearcweb.com/article/amazon…

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Madhav Chanchani @madhavchanchani

2 weeks ago

🚨 Groww's upcoming IPO will unlock significant wealth for founders and investors as it is targeting a $9 bn valuation for a November listing. Three early-stage investors — YC, Peak XV Partners, and Ribbit Capital — are sitting on an outcome of over $1 billion.

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Aditi Shrivastava @AditiS90

2 weeks ago

🚨For Peak XV Partners, Groww IPO could mark its biggest win in more than two decades of operating in the country. The firm holds nearly 20% of Groww, a stake that would be worth $1.8 billion at the proposed $7 bn valuation. Peak had led Groww’s Series A round in 2019, when…

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Madhav Chanchani @madhavchanchani

2 weeks ago

🚨 Groww's updated filings show that Sebi's curbs on F&O have had an impact, but not as significant as listed rivals. Operating revenues fell by 10% but net profit was up 12% during Q1FY26 on a YoY basis. Angel Broking saw revenues fall by 18% and profit by 61% during Q1.…

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The Arc @thearc_hq

2 weeks ago

🚨 Smartphone maker Nothing has raised $200 million in a round led by Tiger Global Management at $1.3 billion valuation. Zerodha's Nikhil Kamath also participated in the round.

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The Arc @thearc_hq

2 weeks ago

🚨 Info Edge has said that it has received a whistleblower complaint alleging violations at 99acres, its online real estate unit 🔎 Info Edge's board has "mandated a reputed specialist law firm to independently and comprehensively investigate the matter."

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Madhav Chanchani @madhavchanchani

3 weeks ago

🚨 Urban Company’s Rs 1,900 crore initial public offering (IPO) has emerged as the most successful listing by an Indian Unicorn to date, drawing bids of over 103 times the shares on offer. For context, Nykaa’s IPO was subscribed 82 times, while Zomato’s issue was bid 38 times.…

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Madhav Chanchani @madhavchanchani

3 weeks ago

🚨 Flipkart and its fashion unit Myntra's combined advertising business stood at $820 million in FY25. It continues to grow faster than the operating revenue growth for both companies. Flipkart Internet - Advertising biz went up 27% to $716 million vs 14% operating revenue…