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E-commerce platform Snapdeal on Tuesday 21 December 2021 filed a preliminary document with market regulator securities and exchange board of India (SEBI) for initial offering through which it plans to raise ₹1,250 Crores in Mumbai. The public issue comprises fresh insurance of equity shares worth ₹1,250 Crores and an offer for sale of 3.97 Crores according to draft DRHP. 

E-commerce platform Snapdeal was started by Rohit Bansal and Kunal Bahl in 2007 as a coupons booklet. In 2010 they transform it into online deals and then further transformed into an online e-commerce market in 2012. Soft bank of Japan is the major shareholder and backer of the company who holds 35.41 shares and company founders Rohit Bansal and Kunal Bahl hold on 20.28 percent of shares in the company. 

Snapdeal is the largest revenue generator e-commerce platform in the year 2020 with 200 million installations of the app from google, it has become the fourth largest online lifestyle market in India. Snapdeal is the e-commerce lifestyle market that sells products like shop, home décor, men and women fashion, gym products and many other household items. 

According to the draft, DRPH  e-commerce ventures states that it plans to increase the market size of value lifestyle from $88 million in 2021 to $148 billion in 2026 which is 15 percent according to CAGR. The company also projected that it is expected to grow market influence from 140 million users to 345 million users by 2026. E-commerce ventures are worth 7.4 billion in 2021 which they are planning to increase to worth $39.4 billion in 2026. 

Public issues comprise fresh insurance of equity shares worth ₹1,250 crores and an offer for sale of 3.07 crore equity shares according to DPHR. 

Snapdeal founders Kunal Bahl and Rohit Bansal decided not to sell any of their IPO holdings. 

They are selling OFS starfish, ipes wonderful glass, sequoia, Kenneth Stuart glass, myriad opportunities master fund Ontario teacher pension plan board, Lauren amoral, and milestones trusteeship services. 

When the company faces a struggle during its rivalries with amazon and Flipkart, company stakeholders soft bank and black rock force founders to merge with a deal of amazon. But founders Kunal Bahl and Rohit Bansal do not want to proceed with the deal so they opt for a different path for them. They started Snapdeal strategy 2.0 to become financially sustainable.

They decided to shift their focus to Bharat. The nonurban, non-fluent English speakers, the nontechnical population of India. While amazon focuses on big city buyers selling big tickets, games like high price smartphones, high price electronics. Snapdeal mostly sells items like mats, tummies, household items. 90% of items are below the rate of 1000 rupees and it covers 80% of the urban population. It receives 82% of these orders from outside the urban areas. 

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CCI revokes its clearance to amazon 2019 deal with future coupons a unit of future retail Ltd on 17 November and imposed 200 crores fine on giant U.S E-commerce company for concealing the facts and reporting false claims. Amazon and future groups are in a tough battle in court after future coupons limited agreed to sell its assets to Mukesh Ambani reliance group on an amount of 24,500 crores. CCI has suspended amazon's deal with future coupons after reviewing the complaint filed by future groups that amazon has concealed information about its deal with future groups while seeking regulatory approval. Parties involved in the deal were amazon .com NV investment holding LLC ( Amazon ), The direct subsidiary of amazon, and future coupons.

In 57 page Indian anti-trust regulator said that amazon had suppressed ''The actual purpose and particular of the 2019 deal and sought to establish false representation and suppression of material facts''. CCI said it's necessary to examine the deal afresh and said its approval shall remain on hold.

Amazon is also charged by complain- future coupons private limited and confederation of all India Traders( CAIT) of not disclosing the intent to indirectly control parent firm. Amazon has an acquisition of 49 percent stake in FPCL. Amazon had suppressed the actual scope of combination and had made a false and incorrect statement about to with concerning the commercial agreement which is intertwined into the scope and purpose of combination CCI order said. The independent directors examined the pre-contracted negotiation records of amazon investment in FCPL and found the representation made by amazon in the CCI application ' completely contradicts the internal correspondence.

Amazon company argued that the statuary body does not have the power to revoke the deal of which clearance has already been issued. He added the revoked approval is drastic power and it is not available to the statuary body.

CAIT rebut the argument on December 15 saying ' The company should not participate in any of the CCI preceding ' If it believed that agency does not have the power to revoke the deal.

Amazon has also alleged future coupons have violated the norms of a contract signed between them by sharing the assets with the reliance company. Amazon which has a 3% stake in future retail through its 49% shareholding in future coupons, objected to the deal saying that it had barred future groups from getting into any retail agreement with 11 companies including reliance. Future says that all claims by amazon are wrong.

Future coupons have also complained that amazon misleads CCI. Earlier the company was planning to invest in an Indian retail company but after the implementation of government laws of press note 2 which tightened the norms for foreign E-commerce entities separating in India. Has changed its plan and invested in a foreign retail company. Amazon company never intended to invest in future coupons PVT ltd because of its unique business model and strong growth potential.

Traders' bodies also release an exact from the email sent by amazon high official Rakesh Bakshi to Amazon CEO Jeff Bezos. The e-mail does not talk about future business.

Antitrust bodies have also imposed a fine of 200 crore rupees on amazon company for concealing facts reports claimed. In an exercise of the power conferred under subsection (2) OF section 45 of an act. The commission hereby strictly amazon to give notice in form 11within the period of 60 days from the receipt of this order till disposal of such notice.

CCI orders come two weeks after the supreme court had given two weeks to amazon to file its response in a case. The CCI was giving its order in march application filed by FCPL, where the future groups had alleged that the U.S e-commerce giant is concealing facts and flaunting India foreign direct investment and foreign exchange laws while seeking the watchdog approval in 2019 for amazon investment into FCPL.

The supreme court of India in august upheld the emergency award given to amazon by the Singapore arbitration center (SIAC) which considered the future and reliance deal invalid. The case is still pending before India supreme court.

The CAIT had requested the union minister Piyush Goyal to immediately suspend the amazon portal in India, CAIT, secretary-general Praveen Khandelwal said in a statement (ANI).

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Parag Aggarwal, An Indian- American executive becomes the new CEO of the biggest Social media platform, Twitter on 29 November 2021.

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He succeeds Jack Dorsey who was an earlier CEO of the company. Jack Dorsey himself likes Parag Aggarwal and believes in the potential of Aggarwal to lead the company to another height. Jack Dorsey appointed Parag Aggarwal the new CEO of the company after announcing his resignation from the post of CEO. Parag Aggarwal was associated with Twitter for the last 10 years and worked on many projects with Jack Dorsey.

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Packaged foods company Britannia Industries Ltd on Friday said it has commenced work on its greenfield manufacturing facility in Barabanki, Uttar Pradesh. The plant to be set up across 30 acre, at an investment of Rs340 crore, will have an annual production capacity of 1.25 lakh tonne.

The company will make more of its flagship brands including Marie Gold, 5050, Good Day, Milk Bikis, Tiger Glucose and Rusk. This is Britannia’s first greenfield manufacturing facility in Uttar Pradesh.

"Uttar Pradesh is a large consumption market for us and this facility will help us meet the growing demand for bakery products in Uttar Pradesh, and will also create fairly large-scale employment opportunities," Varun Berry, managing director, Britannia Industries, said in a statement.

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Social commerce platform Meesho has raised $570 million (around Rs 4,200 crore) from a battery of investors led by Fidelity Management & Research Company and B Capital Group at a valuation of $4.9 billion. Existing investors Prosus Ventures, SoftBank Vision Fund 2 and Facebook also participated in the round which saw Meesho’s valuation pole-vault to more than double in a little under five months. The company managed to find new backers in Footpath Ventures, Trifecta Capital and Good Capital. In April this year, Meesho raised $300 million led by Softbank Vision Fund 2 at a valuation of $2.1 billion.

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Every second founder of Indian startups that turned a unicorn this year is an alumnus of one of four oldest Indian Institutes of Technology.

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Twenty-six startups entered the unicorn club this year till end-August with a valuation of $1 billion or more.

As many as 30 of the 58 founders of these are engineering graduates from the IITs of Delhi, Bombay, Kharagpur or Kanpur, according to a study conducted by EMA Partners. Including these 58, there are 153 unicorn founders in India and 65 of them are from these four IITs, according to the findings, shared exclusively with ET. India has 62 unicorns, including Swiggy, Byju's, Ola and Paytm. All IITs together have produced 78 of their founders.

Companies that turned unicorn this year with founders being graduate engineers from IITs include also BrowserStack, Bharatpe, Meesho, ShareChat and OfBusiness.

“The hard work, excellent alumni support and the thriving ecosystem have enabled the students to grow and convince investors to support them and convert their startups to unicorn companies,” said Chaudhuri of IIT Bombay.

The median age of unicorn founders during the time of the inception of the startup is 30 years — the youngest was aged 19 years and the oldest at 55 years. Most of the unicorns have one or two founders each, according to the EMA study.

Just 3% of the 153 founders are women. They include Divya Gokulnath (Byju’s), Falguni Nayar (Nykaa), Ruchi Kalra (OfBusiness), Saritha Katikaneni (Zenoti) and Gazal Kalra (Rivigo), according to the study.

Twenty-one of the unicorn founders have passed out from Indian Institutes of Management (IIMs) and 85 are postgraduates.

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Subedar Neeraj Chopra created history by winning country's first gold medal in javelin throw at Olympics

Neeraj Chopra threw the javelin 87.58m to win the gold in men's javelin throw Olympic final. Today so Many Records Were Shattered By Subedar Neeraj Chopra.

He became the first Athlete in India to win the Gold Medal in Olympic Games.

Neeraj Chopra Became the 2nd Indian after Abhinav Bindra to win the gold medal individually in Olympic Games. Abhinav Bindra was the first Indian to win the Gold Medal in Olympics individually in Beijing 2008. India has waited for around 28 years to win a medal in Olympic games in track and field individually. Finally the wait has come to an end and India Has won the medal(gold)in Track and field in Olympics in track and field And all this happened due to Subedar Neeraj Chopra. whole country was enjoying that moment and there were tears of joy everywhere.

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Indian cities are home to hundreds of millions of low-skilled workers who hail from villages in search of work. Many of them have lost their jobs amid the coronavirus pandemic that has slowed several economic activities in the world’s second-largest internet market.

Read Full Article - http://bit.ly/3cQjKlR

There are many people in many countries who do not have any degree, do not even have money but want to do job for feed his family. This is especially in India.

Apna, an App that Helps blue-collar workers and grey collar workers to Find Jobs Under These Hard Time.

It raised $70 million dollars from Insight partners and tiger global at evaluation of $570 million.

#job #work #money #education #growth #employment #opportunities

[marketing-minds-knowledge]

Indian cities are home to hundreds of millions of low-skilled workers who hail from villages in search of work. Many of them have lost their jobs amid the coronavirus pandemic that has slowed several economic activities in the world’s second-largest internet market.

Read Full Article - http://bit.ly/3cQjKlR

There are many people in many countries who do not have any degree, do not even have money but want to do job for feed his family. This is especially in India.

Apna, an App that Helps blue-collar workers and grey collar workers to Find Jobs Under These Hard Time.

It raised $70 million dollars from Insight partners and tiger global at evaluation of $570 million.

#job #work #money #education #growth #employment #opportunities

[marketing-minds-knowledge]

As Nifty futures turns 21, here's what Zerodha CEO Nithin Kamath has to say

Read Full Article - https://bit.ly/3pQmRzt

As Nifty futures turns 21, Zerodha CEO NithinKamath expressed its importance in his life saying "I must have said Nifty more than any other word and looked at Nifty charts more than any other picture."

The index, which was launched in the year 2000, have truly evolved as one of the biggest and most-widely traded instruments worldwide in the span of 21 years.

I am guessing it must be the same for all of us in the markets as well, he said and added, so on behalf of everyone Happy Birthday Nifty.

#zerodha #nifty #niftyfuture #nifty50 #ceo

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Does India should go for cryptocurrency amid of pandemic or other time?

Cryptocurrency is digital money. That means, there is no physical transactions or bills, everything is on digitally and nothing on a physical mode. IT use that technology to let users can make secure payments without through a bank. They run on a blockchain technology. It is a digital record of transactions. One of the famous examples of Blockchain is Bitcoin. Blockchain is used for recording transactions made with Cryptocurrencies, such as Bitcoin, Litecoin, Dogecoin and have many other application. Each transaction added to a blockchain is validated by millions computer on the Internet.

Why?

India have the stock market like BSE(Bombay Stock Exchange), NSE(National Stock Exchange) and many Indians invest in Nifty-Fifty, Sensex and other stocks. Indians invest in Indian stocks then why not in crypto? Indias can invest in crypto and you too.

See, cryptocurrency is a worldwide currency and people invest in it worldwide. It is that money you can earn by any other countries. So, that way the asset of other countries you can bring to India. 

When?

There is a line of great investor “Get greedy when the market is down, and move slowly when the market is up”. You can invest that way or you can invest by tip of your senior investor or big business mans.

For example, Elon Musk one of the richest man in world tweeted a tweet “Invest in Dogecoin(It is a cryptocurrency like bitcoin)”. Before that tweet dogecoin rate is 4.23 INR per coin but after couple of weeks that tweet dogecoin starts increasing and within a month it reaches to 36.6934 INR means it increases almost 900%. Can u believe it?

That’s the magic of Elon Musk or dogecoin or miracle with investors of dogecoin.

Ways of investing

Their ways of investing in India is online apps like Coinswitch, WazirX, Nexo or Others available in PlaysStore.

*This is not a promoted post.

Cryptocurrencies

There are many cryptocurrencies other than Bitcoin. Bitcoin is one of the famous crypto because of consistent increasing rate but not only.

Bitcoin, Ethereum, Dogecoin, Metal, Ripple, Status, tera, Uniswap or many others Crypto where you can invest in crypto by your INR.

If you have any crypto related query put down in comment box. I’ll solve it.

Thanks for reading