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BigBasket’s profitability plan; UnifyApps eyes $100 million funding Want this newsletter delivered to your inbox? Also in the letter BigBasket narrows focus as new CEO
BigBasket’s profitability plan; UnifyApps eyes $100 million funding Want this newsletter delivered to your inbox? Also in the letter BigBasket narrows focus as new CEO takes on profitability mandate Under new reins Changing tack Catching up UnifyApps eyes $120 million from EQT; value may climb 3.5x Deal details UnifyApps is in discussions with private equity firm EQT for the funding.
The investment will value the startup at $700-750 million, a more-than-threefold jump from its $200 million valuation after the October funding round. What’s the plan About UnifyApps Ultrahuman is in talks to bag $60 million at $400 million value Funding reset The talks follow a difficult fundraising period, with Ultrahuman’s patent dispute with Oura clouding access to the US, its largest market.
SoftBank and WestBridge Capital had separately evaluated investments at $500-550 million in valuation but did not proceed. US comeback Udaan closes $160 million in equity-and-debt deal amid insolvency battle Deal structure The transaction includes fresh equity, debt and debt-to-equity conversion. Existing investors Lightspeed and M&G Prudential are investing $50-60 million in fresh equity, as ET reported in May. BlackRock's credit platform is providing about $45 million in debt.
The remaining amount will come from bondholders converting debt into equity. Pakistan cleric’s fatwa sparks multi-market crypto panic What happened Market reaction Broader context Other Top Stories By Our Reporters Qcomm platforms’ gourmet war The AI law debate Temasek pares Lenskart stake Global Picks We Are Reading
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