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Dream11’s Homecoming, Shadowfax Gears Up For IPO & More
- Dream11 has returned to India from the US utilizing the government's reverse flip mechanism to simplify operations and potentially prepare for listing on Indian bourses.
- Moving back to India may come with a high tax burden for Dream11, amidst accumulated tax notices totaling INR 40,000 Cr due to the 28% GST regime.
- Despite hitting a revenue milestone in FY23, Dream11's revenue may decline in FY25 due to tax challenges faced by the fantasy sports industry.
- Shadowfax is gearing up for an IPO at an expected valuation of INR 8,000 Cr, while Ola Electric is infusing funds into Ola Cell Technologies.
- Hood has transitioned to the matchmaking business model under 'Knot.dating', while Foxconn plans to double iPhone production in India by 2025.
- OfBusiness is leveraging AI for its upcoming IPO, PlanetSpark claims to be cash flow positive, and BharatPe achieved breakeven in FY25.
- Several Indian startups are preparing for IPOs, with 23 in various stages, showcasing the continued momentum in the startup listing space.
- RIDEV, a cleantech startup, is deploying electric two-wheelers for ecommerce and quick commerce companies to tackle last-mile carbon emissions in major Indian cities.
- With over 4,000 EVs deployed and partnerships with major players like Tata BigBasket and Amazon, RIDEV aims to build a scalable revenue stream in India's growing EV market.
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