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Online Startup SaleBhai Received BSE Approval for SME IPO

3Jul By AnkitaNo Comments

Market

Online Startup SaleBhai Received BSE Approval for SME IPO

New Delhi, 3rd July, 2018: B2C e-commerce company SaleBhai Internet Limited, the owner and operator of SaleBhai.com have received BSE approval for its Initial Public Offering (IPO) on SME Platform of BSE. The company had filed a Draft Prospectus (DP) with BSE for listing on the SME platform of BSE Ltd on May 17, 2018, and has now received in-principle approval from BSE. BSE’s approval means that the Ahmedabad-based E-commerce startup will be the first to raise money through public route at such an early stage. Salebhai had already received funding and support from 71 high net worth individuals. This interest from existing customers propelled the company to raise money from the general public through an IPO. Commenting on the IPO, Vishwavijay Singh, Co-Founder, SaleBhai, said, “We ...

Recruitment At RCom Declined By 94 Percent

The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000. The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the pressure of debt. The company is losing its balance lately under a debt of around Rs 45,000 crore. "Total number of people in the RCOM group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a filing. The company has closed its mobile services business this year in January and continues to provide business-to-business (B2B) telecom services. The telecom firm in the filing stated that its B2B depar...

Paytm Appointed Alibaba’s Former Executive as President

Paytm, India's mobile payment and commerce platform has appointed ex-head of Alibaba Group Holding's wholesale business, Bhushan Patil as the company's new President. Bhushan Patil joins Paytm as President after serving 5.5 years at the Chinese company, where he was handling operations of Alibaba.com. He will now focus on building Paytm's cross border commerce. At the largest B2B marketplace, Bhushan was instrumental at leading new initiatives for Global Markets business development across SME linked associations, Banks and Government trade organizations, local trade services and e-companies. As a major accomplishment he incepted, led and launched B2B Trade-Trust products across 50 countries in Asia/Europe and Americas and was instrumental developing new India plans for Alibaba.co...