SpiceJet’s fundraise in doubt as lead investor dithers
The Mahapatras, who were supposed to invest nearly half the targeted Rs 2,250 crore, haven’t done so yet, forcing the Ajay Singh-led airline to seek more time to complete the exercise.
5 February, 2024•11 min
0
5 February, 2024•11 min
0
Getting your Trinity Audio player ready...
More in Business
Business
BOB's Rs 10,000-crore green bond cracks open a new market for Indian banks
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
You may also like
Business
Ajay Singh’s SpiceJet turnaround story is running on fumes
As much as he would like to convince investors about the airline’s prospects, it’s increasingly clear the low-cost carrier is just about managing to stay afloat.
Business
How SpiceJet and India’s legal system nearly killed the aircraft leasing business
Interminable delays and multiple out-of-court settlements later, the world’s leading lessors have tweaked their India playbook—stiffer terms, higher rentals. The fallout has hit aviation startups hard.
Internet
Swiggy’s crisis of confidence
In the three-way quick-commerce race between Blinkit, Instamart and Zepto, it would appear that Swiggy has the least confidence in its ability to continue. What’s worse is that it is replacing strategy with capital.
