Ather Energy filed for an IPO, aiming to raise Rs 3,100 crore through fresh equity and an offer for sale. Backed by Hero MotoCorp, GIC, and others, Ather plans to use the funds for factory expansion, R&D, and debt repayment. The company posted Rs 339 crore revenue in Q1 FY25.

US Investor Baron Capital has valued Swiggy at $14.74 billion as of June 2024, a slight dip from $15.1 billion in March due to rupee depreciation. As Swiggy gears up for its $1.25 billion IPO, the company faces financial challenges, including a $1,600 crore loss in FY24’s first three quarters.

Logistics firm Ecom Express has filed its draft red herring prospectus with SEBI for an IPO, seeking to raise Rs 2,600 crore. The offering includes a fresh issue of Rs 1,284.5 crore and an OFS of Rs 1,315.5 crore. The company plans to utilize the funds to expand its operations.

Logistics firm Ecom Express has gained board approval for an IPO worth Rs 2,600 crore, comprising a Rs 1,284 crore fresh issue and a Rs 1,316 crore offer for sale. Major investors like Warburg Pincus are expected to participate. The company previously delayed an IPO in 2022.

Gurugram-based agri-drone company AITMC Ventures filed a draft red herring prospectus with SEBI for an IPO. The offering includes 2.07 Cr equity shares with no OFS. Proceed will fund subsidiaries, new initiatives, and working capital. Founded in 2016, AITMC specializes in drone training and aims to open 100 drone Coes.

E-commerce SaaS platform Unicommerce will launch its IPO on August 6, following approval from SEBI. The company aims to raise funds through an offer for sale (OFS) of up to 2,98,40,486 equity shares, with major shareholders AceVector Limited and SB Investment Holdings participating. Founders Kunal Bahl and Rohit Bansal are not selling shares.