NEW DELHI — In a significant secondary-market transaction highlighting the growing maturation and profitability of India’s B2B logistics tech ecosystem, venture capital major Accel has offloaded a portion of its early-backed investment in digital freight platform BlackBuck. Accel India, acting through its affiliate entity Accel India IV (Mauritius), successfully divested 27 lakh equity shares of […]
Eternal Shares Surge as Brokerages Reaffirm Bullish Outlook on Q1 FY27 Performance
The Indian foodtech and quick commerce landscape witnessed a significant valuation shift this week as Eternal (formerly known as the Zomato-Blinkit combine) saw its stock price climb following a robust Q1 FY27 earnings report. Shares of the conglomerate jumped by as much as 4.5% on the Bombay Stock Exchange (BSE), reaching an intraday high of […]
Ulta Beauty shares early AI assistant results as ecommerce growth outpaces sales in physical stores
Ulta Beauty Inc. reported double-digit ecommerce sales growth in its fiscal Q1 — far outpacing physical stores with comparable sales — as customers spent more and made more purchases. For its first quarter ended May 2, Ulta said its net sales increased 11.1% year over year, reaching $3.16 billion. Overall comparable sales grew 5.3% year […]
