Topic: Zepto, an instant grocery delivery startup, raises $200 million in funding at a valuation of $1.4 billion.
Key Points:
1. Zepto is the first Indian startup to achieve unicorn status this year.
2. StepStone Group leads Zepto's Series E funding, marking its first direct investment in India.
3. Zepto's success is attributed to its strong execution and discipline in managing its supply chain, despite the struggles faced by other delivery startups.
Instacart, the on-demand grocery delivery giant, has finally filed for its highly anticipated IPO, revealing impressive revenue growth and profitability in recent years.
Main topic: Zepto's $200 million fundraise and plans for an IPO in early 2025
Key points:
1. Zepto has become a unicorn startup after raising $200 million in a Series E round, valuing the company at $1.4 billion.
2. The fundraise will strengthen Zepto's balance sheet and position the company well for future profitability and an IPO.
3. Zepto's focus is on expanding its quick commerce services in India's largest cities, aiming to achieve $1 billion in annualized sales and profitability within the next few quarters.
Main topic: Grocery delivery company Instacart and marketing and data automation startup Klaviyo file IPO plans in 2023.
Key points:
1. Instacart has experienced fluctuations in valuation but reveals profitability with $1.48 billion in revenue in H1 2023.
2. Klaviyo is profitable, with a 51% increase in revenue in the most recent quarter.
3. Both companies are seen as potential indicators of a rebound in the startup IPO market.
Instacart's IPO filing reveals the company's profitability in 2022, driven by increased productivity through batching orders, although gig workers have reported doing more work for the same pay.
British semiconductor designer Arm Holdings is planning a multibillion-dollar initial public offering (IPO) on the Nasdaq Stock Exchange in the US, aiming to raise between $8 billion and $10 billion with a valuation of $60 billion to $70 billion, positioning itself as one of the biggest IPOs of 2023.
Instacart, an online grocery delivery service, is planning to go public in a slow IPO market, but an analyst from Gordon Haskett expresses concerns.
Instacart and Arm have both set lower valuations for their upcoming IPOs, reflecting investor caution as the market for IPOs remains challenging.
Instacart is preparing to go public at a significant discount to its 2021 valuation, as Wall Street gears up for a new IPO season.
Instacart, the leading grocery technology company in North America, is going public with an estimated valuation of $8.6 billion to $9.3 billion, aiming to revolutionize the grocery industry by bringing it online and making grocery shopping effortless.
Grocery delivery company Instacart raises IPO price target after successful debut of chip designer Arm Holdings.
Instacart has raised its target valuation to $10 billion, with plans to offer 22 million shares priced between $28 and $30 each on Nasdaq, while also securing a $175 million investment from PepsiCo.
Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.
U.S. stocks remained stable as investors anticipated the outcome of the Federal Reserve's September meeting, while the pan-European Stoxx 600 index fell due to various negative factors including the departure of Lonza's CEO and Societe Generale's cost-cutting plans; in other news, Instacart priced its IPO at $30 per share, valuing the company at around $10 billion, and strikes in the U.S. have caused the highest number of lost labor hours in decades.
Instacart prices its IPO at $30 a share, potentially opening higher than expected.
Online grocery delivery business Instacart saw a 43% jump in its Nasdaq trading debut, valuing the company at around $11bn, as it continues to expand beyond its core business of grocery delivery into advertising and technology services.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.
Wall Street's reaction to recent tech IPOs, including Instacart, Arm, and Klaviyo, has been underwhelming, with investors who bought at the IPO price making money only if they sold immediately, raising concerns about valuations.
Instacart's IPO marks a significant moment for the tech industry and its employees, attracting attention from other late-stage tech firms as a gauge for the openness of the IPO market.
September was a standout month for the IPO market, with companies like Arm Holdings, Instacart, and Klaviyo debuting on exchanges and raising $7.2 billion.
Instacart stock is facing challenges and falling below its IPO price due to concerns raised by Wall Street analysts about the company's future prospects.
German premium footwear maker Birkenstock priced its U.S. initial public offering (IPO) at $46 per share, raising about $1.48 billion and valuing the company at $9.3 billion, despite market volatility and concerns about the outlook for new stock market launches.
