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Flipkart Unfreezes The Hiring Block

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Flipkart Unfreezes Hiring Block,Startup Stories,2018 Latest Business News,Flipkart Business News 2018,Flipkart CEO Binny Bansal enters rich Bengaluru boulevard with Rs 32 crore home buy,This startup wants to be Flipkart of logistics,Flipkart Latest News

After a gap of almost two years in the hiring process, the e-commerce giant, Flipkart finally decided to increase the number of employees on its roster. According to HR consultants, the company is planning on hiring people in the fields of data science and analytics, among other areas.

The e-commerce giant now has 700 open positions. A majority of these positions are available for functions in the technology department, data sciense, UI & UX designers, product solution engineers, tech program managers, software developers, IT infrastructure, service delivery and IT applications.

According to HR analysts, Flipkart hired at least 20 graduates from the Indian School of Business (ISB) at a recently held hiring event. “Flipkart is aggressively hiring in tech functions. Over 80% of all current open positions at Flipkart is for technology functions,” confirmed a spokesperson for Flipkart, adding that the “aggressive tech hiring is part of the company’s ‘AI for India’ programme, which leverages Flipkart’s strengths in tech and data to build scalable AI-powered solutions for the country.” For this, the retailer has kept about 50 data sciences positions open.

After incurring a large loss in sales between the years 2016 and 2017, Flipkart had to trim most of its staff. By the end of 2017, Flipkart saw its corporate force being reduced to a mere 8,000 from a solid 15,000 member army of sorts. In fact, the company had to differ the IIM campus recruitment drives due to their severe cost trimming crunch. This new hiring round comes after Flipkart received $ 14 billion in funding last year.

This has ensured that Flipkart does not have to worry about capital in the near future. The company was also able to offer a part exit to some of its early investors, with Tiger Global and Accel Partners earning over $ 400 million and over $ 110 million respectively. Flipkart’s current and former employees also benefitted from the company’s over $ 100 million the repurchase programme. With a fresh round of funding and a new crop of talent, it certainly looks like Flipkart is on its way to break all technology boundaries.

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Bengaluru’s Cult.fit Set to Make Waves in the Market with Upcoming ₹2,500 Crore IPO

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Cult.fit, the Bengaluru-based fitness and wellness platform backed by Zomato, has finalized five top investment banks—Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial—to manage its highly anticipated Initial Public Offering (IPO). The company aims to raise ₹2,500 crore through this offering, which is expected to value Cult.fit at nearly $2 billion.

Company Growth and Business Model

Founded in 2016 by Mukesh Bansal and Ankit Nagori, Cult.fit has grown into a diversified health and wellness ecosystem. The company operates over 500 gyms across India and has expanded into multiple segments:

  • Cultsport: Direct-to-consumer fitness apparel and equipment (30% revenue contribution).
  • Eat.fit: Healthy meal delivery service (24.5% of revenue).
  • Mind.fit: Yoga and mental wellness services.
  • Care.fit: Healthcare clinics and diagnostics.

In FY24, Cult.fit reported an operating revenue of ₹927 crore, a 33.6% jump from ₹694 crore in FY23. Despite this growth, the company recorded a loss of ₹535 crore.

IPO Details

The IPO marks a significant milestone for Cult.fit, which was last valued at $1.56 billion during Zomato’s $100 million investment in 2021. With strong backing from investors like Accel Partners, Tata Digital, Temasek, Kalaari Capital, and Chiratae Ventures, the upcoming IPO is set to further strengthen its position in the Indian fitness industry.

Strategic Importance

Cult.fit’s move to go public reflects its ambition to scale operations and attract institutional investors globally. Its diversified business model positions the company as a leader in India’s growing fitness market. Analysts are closely watching this IPO as one of the most anticipated offerings of 2025.

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Indian Healthtech Startup Dozee Raises $8 Million to Revolutionize Healthcare with Innovative Technology

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Indian Healthtech Startup Dozee Raises $8 Million to Revolutionize Healthcare with Innovative Technology

Dozee, an Indian healthtech startup focused on remote patient monitoring, has raised $8 million in its latest funding round to boost its global expansion. This significant investment will help the company enhance its presence in both domestic and international markets.

 

Funding Overview

The funding attracted a mix of existing and new investors, including Prime Venture Partners, 3one4 Capital, and the State Bank of India. The capital will primarily be used to expand Dozee’s reach to hospitals worldwide and strengthen its research and development efforts. CEO Mudit Dandwate highlighted the funding’s role in improving critical care facilities globally while promoting Indian-made products.

Innovative Solutions

 

Dozee is recognized for its Contactless Vital Signs Measurement System, which allows healthcare providers to monitor patients’ vital signs without direct contact. This technology has been implemented in over 380 hospitals across India, significantly reducing the workload on nursing staff and saving valuable time.

The company’s AI-powered Early Warning System (EWS) can predict patient deterioration up to 16 hours in advance, enabling timely medical interventions that could save lives.

 

Global Expansion Plans

Dozee aims to tap into over 2,000 hospitals across more than 100 districts in India within the next two years as part of its expansion strategy. The company is also looking to enter new international markets while adapting its technology to meet various regulatory standards.

With this funding, Dozee is set to make substantial progress in the healthtech sector, aligning with global trends towards more efficient healthcare solutions and positioning itself as a leader in remote patient monitoring.

 

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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