The domestic market was trading lower today. Sensex fell 212 points to 74,825 and Nifty lost 60 pts to 22,694. Here s a look at hot stocks buzzing in action today.
Oyo eyes $12-15B IPO valuation; Unacademy gets a breather Oyo is aiming for a valuation of $12-15 billion for its upcoming IPO, in which some investors will sell parts of their holdings. These won’t include Oyo’s founder Ritesh Agarwal, however, who is likely to hold on to his entire stake, sources told us.Also in this
Sanjeev Bikhchandani discusses the Startup Mahakumbh event in India, aiming for it to become a marquee event. He highlights the success of listed and profitable start-ups. He emphasizes the importance of a solid business model with a compelling value proposition. He mentions the challenges in the start-up ecosystem and the need for a balanced policy approach.
Avanse is the second largest domestic private sector NBFC in the education loan segment with assets under management (AUM) of Rs 8,646 crore in FY23. The firm s total disbursement in FY23 stood at Rs 6,143 crore, a 2.1x increase over the previous financial year. The company has disbursed loans to over 3.5 lakh students and provided working capital to 1200 institutions.