Cult.fit IPO: A leaner business, but can the fitness startup justify its valuation?
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
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Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
The dispute centres on what a person aware of the development describes as a dramatic collapse in Lendingkart's lending operations under the current management.
Of the total funding, Gaurav Kumar, founder and CEO, Yubi, invested Rs 75 crore in his personal capacity.
Total expenses of the startup fell 18% to Rs 160 crore in the last financial year from Rs 195 crore in FY24.
The fresh capital will help the company for global expansion, product development across locomotion and manipulation and hiring.
DotPe’s ambitious foray into financial services has come to a halt barely a year after launch, following a rapid build-up of lending volumes…
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
The company has already secured $8.5 million (Rs 71.4 crore) with the rest to come in one or more tranches.