Stock Market
Ixigo Sees Major Stake Shift: Elevation Capital Exits with Stellar Returns, Schroder Steps In
Sarfraz Khan
3 minutes read
Elevation Capital has made a profitable exit from Ixigo, selling shares worth ₹97.4 crore with a massive 25x return! Global investor Schroder International Selection Fund has simultaneously acquired a significant stake. This major transaction highlights strong investor confidence in the travel tech firm.
Pine Labs Gears Up for Rs 5,000-6,000 Crore IPO, Files DRHP by June-End
3 minutes read
Fintech giant Pine Labs is set to file its DRHP by June-end for a Rs 5,000-6,000 crore ($600-720M) IPO. Having recently re-domiciled to India, the move underscores the growing maturity of India's startup ecosystem and public markets. The IPO could value the company at $4-5 billion.