SoftBank-Backed Meesho Said to Plan IPO Filing in Coming Weeks
Indian e-commerce platform Meesho plans to confidentially file for an initial public offering in Mumbai in the coming weeks, people familiar with the matter said.
The Bengaluru-based company, whose backers include SoftBank Group Corp., could seek to raise $700 million to $800 million in the IPO, according to the people, who asked not to be identified because the information is private.
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Skift
an hour ago
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Air India's Transformation Faces Major Test After 787 Crash
The cause of Thursday's crash remains unclear, but one thing is certain: Air India faces a critical test in managing the narrative and minimizing unhelpful speculation. Skift's coverage of the Air India crash is offered free to all readers. Thursday's crash of an Air India Boeing 787 jet is a human tragedy. It is also a major reputational test for an airline undergoing the most aggressive reinvention in its history. Flight AI171's planned route from Ahmedabad to London epitomized a bold new chapter for the Indian flag carrier – linking the country's fifth largest city nonstop with the UK capital without the need to change aircraft in Delhi, Mumbai, or the Middle East. The timing could not be worse. Air India is three years into a five-year transformation journey, dubbed Launched in 2022, its goal is to overhaul the fleet, enhance service, and reinvent the airline as a premium international carrier that reflects a new India. 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Amid the human tragedy, there is a real danger that the crash interrupts the psychological momentum of a brand in renewal. Instead of associating Air India with comeback and capability, the public could once again associate it with crisis and chaos. That's a risk the brand cannot afford. The next phases of Air India's transformation will now need to account for the reputational and operational fallout from Thursday's crash. This is a defining moment not just for the airline, but for India's aviation story at large. What am I looking at? The performance of airline sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies. The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance. Read the full methodology behind the Skift Travel 200.
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