MEESHO VALUATION
Zee Entertainment to buy back shares worth up to Rs 600 crore
Zee Entertainment Enterprises has approved a buyback of 65.9 million shares at ₹91 each. This move aims to boost shareholder returns and restore investor confidence. The buyback represents approximately 6.86% of the company's equity share capital. The board chairman stated that the company's intrinsic value is not reflected in the current market valuation. The record date for determining eligible shareholders is set for November 25.
Online festive sales miss estimates; Munjal steps down as Unacademy CEO
Happpy Thursday! Online festive sales grew, but fell short of expectations amid weak smartphone demand.This and more in today’s ETtech Morning Dispatch.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
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Unacademy cofounder Gaurav Munjal pushes back against criticism of Indian VCs
Munjal cited companies such as Astrotalk, Airbound and Sarvam AI as examples of startups that have been able to raise capital and grow quickly. He also pointed to the success of companies such as Groww, Eternal and Meesho.
Zetwerk IPO subscribed 3 times, retail portion falls short
Industrial and consumer goods manufacturer Zetwerk counts wind turbine maker Siemens Gamesa, Acer India, NTPC Renewable Energy, and the Indian Air Force among its major clients
India first, orbit next: Skyroot eyes $300 million dual valuation plan
Skyroot is in talks with Indian family offices to raise $150 million at a valuation of $2.3-2.5 billion, while the company is seeking to mop up the same amount from global investors such as General Catalyst, General Atlantic and Silicon Valley venture fund Benchmark at a higher valuation of up to $3 billion, the people said.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Mesa School of Business raises Rs 110 crore at Rs 385 crore valuation
The round comprises Rs 85 crore in equity funding co-led by Dharana Capital and existing investor Elevation Capital, and Rs 25 crore in venture debt from InnoVen Capital and Alteria Capital. The round also saw a secondary transaction of around Rs 3 crore by cofounder Varun Limaye, cofounder Ankit Agarwal told ET.
ETSA 2026: Over a decade on, India's startup story is only getting started
The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets.
Prosus steps up India fintech bets with Kiwi, Oolka funding talks
Prosus has held exploratory talks to invest in Kiwi, which offers bank-issued RuPay credit cards and credit lines for Unified Payments Interface (UPI) payments and is looking to raise around $40 million, the people said. ET reported last week that Kiwi was in the market for fresh funding.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
Ecommerce's festive push; Vertex's AI bets
Happy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning Dispatch.
India’s IPO pipeline swells despite muted equity market
India's primary market is thriving with a significant increase in the number of IPOs and issue amounts. In contrast, the secondary market has experienced notable declines in equity indices. While foreign investor interest in listed stocks has dwindled, they remain active in the IPO space. Several leading companies have successfully gone public, contributing to the primary market's resilience.
Prosus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNow
BazaarNow, founded by former Zepto executives Priyanshu Jain, Arjun Harish and Tarithmay Mandal, sells groceries and daily essentials, focusing on local products and regional brands in Tier 2 and 3 cities. It raised Rs 72 crore from Peak XV Partners and others in June. Instamart also serves smaller markets through its 131-city network.
Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks
Motilal Oswal Financial Services sees improving risk-reward for Indian equities as valuations cool, earnings recover and domestic liquidity remains strong. The brokerage also highlights sectoral rotation and names 27 stocks across large-, mid- and small-cap segments as top ideas.
New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock market
For decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credit growth and other official numbers, and then used them to work out whether households were spending more or pulling back. Those indicators still matter. But the Indian consumer has changed faster than the dashboard used to track consumption and spending patterns. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equity benchmarks Sensex and Nifty ended higher on Friday, bouncing back to close at 73,896 and 23,140.50 respectively. Geojit’s Vinod Nair cited strong domestic liquidity holding Nifty above 23,000, while elevated crude prices and persistent foreign outflows continue to cap near-term market upside ahead of Monday's trade.
Meesho shares can fall 28%, warns Nomura after initiating coverage with Reduce call. Here is why
Shares of Meesho dropped up to 5% to Rs 221 after Nomura initiated coverage with a Reduce rating and a Rs 167 target price, citing a 28% downside risk. The brokerage highlighted valuation concerns, rising competition from quick commerce, and margin headwinds despite liking Meesho's asset-light model.
VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI future
Happy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETtech Morning Dispatch.
Meesho shares rally 12% after UBS hikes target price by 24%. What’s keeping analysts bullish?
UBS has raised its Meesho estimates across NMV, contribution profit and EBITDA, citing stronger seller and buyer growth and improving unit economics. The brokerage expects contribution margins to expand as logistics costs ease and advertising revenue grows. Meesho’s ability to sustain user additions, ordering frequency and NMV growth remains central to its outlook.
Indian diaspora founders account for $560 billion of overseas unicorn value: Report
The figure was calculated by dividing each company’s value equally among its founders and adding only the share of those who grew up in India. If one of four founders of a $10-billion company met that definition, $2.5 billion was counted. It does not represent actual shareholdings or personal wealth. The 205 companies had a total valuation of $1.09 trillion.
Value commerce startup CityMall in talks to raise Rs 400-500 crore led by Jungle Ventures: Sources
CityMall’s push into ecommerce in smaller towns and cities comes at a time when larger 10-minute delivery players such as Flipkart Minutes and Amazon Now are also expanding their presence in tier-II markets and beyond. CityMall is currently present in 18 markets across Uttar Pradesh, Bihar, Delhi-NCR, and Haryana.
Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocks
India’s new-age internet companies may be sitting on a profit engine that investors are still not fully pricing in: advertising.
CLSA sees 29% downside in Meesho despite a 19% YTD rally. Buy, sell or hold?
CLSA maintained an Underperform rating on Meesho with a Rs 150 target, citing stretched valuations and optimism around advertising monetisation, order frequency and logistics savings. The brokerage sees significant downside if these growth drivers fail to meet market expectations.
SoftBank sells Meesho shares worth Rs 1,650 crore, clocks 3x return on investment
SoftBank sold 80 million shares at Rs 206.30 apiece through two bulk deals on the National Stock Exchange (NSE) on Thursday, exchange data showed. The shares sold represent about 1.7% of Meesho.
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