Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO

Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The IPO is a mix of fresh issuance of Rs 550 crore and an offer for sale (OFS) of up to 2.16 crore equity shares by … Read more

Zoomcar brings on board Flipkart’s Adarsh Menon as president

Ford Motor-backed Zoomcar on Thursday announced the appointment of former Flipkart and Hindustan Lever senior executive Adarsh Menon as its president. This follows the car-sharing marketplace’s recent listing on the Nasdaq stock exchange in the US. In his new role, Menon will be responsible for growth, operations, and customer experience at Zoomcar. Menon, who has … Read more