Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Allbirds was one of the last startups to go public in 2021's IPO biltz.</li><li>Since then, investors have raised the bar for money-losing companies seeking to list.</li></ul>Blink and you might have missed it, but the window for privately held companies to <a target="_blank" href="https://www.businessinsider.com/instacart-klaviyo-profitable-lead-tech-ipo-revival-2023-8">go public briefly reopened this year</a> after a nearly two-year hiatus. In September, Instacart, Arm, and Klaviyo went out in quick succession, and other candidates like <a target="_blank" href="https://www.businessinsider.com/what-is-shein-billion-dollar-fast-fashion-company-explained-2023-7#shein-has-filed-to-go-public-aiming-for-a-90-billion-valuation-16">Chinese fast-fashion giant Shein</a>, Skims, and Reddit have readied their papers in order to follow suit.The companies that floated initial public offerings this year had something in common: They're actually profitable.Going public before turning profitable is a thing of the past, according to Allbirds cofounder and chief innovation officer Tim Brown. "You need to be a great company, you need to be profitable," he told Business Insider.But that wasn't the case when <a target="_blank" href="https://www.businessinsider.com/what-happened-to-allbirds-rise-fall-2023-4">Allbirds</a> listed.<div type="image" title="Allbirds" height="900" width="1200" msid="105626953" hostid="261" sizebytes="67480"></div><h2>No profits, no problem</h2>Allbirds was once the <a target="_blank" href="https://www.insider.com/venture-capitalists-love-allbirds-2016-8">It shoe of Silicon Valley</a>, adorning the feet of engineers, venture capitalists, and heads of government. Time Magazine dubbed its hero product — the merino wool sneakers — "the world's most comfortable shoes." The company raised heaps of capital from investors including Maveron, <a target="_blank" href="https://www.businessinsider.com/tiger-global-hedge-fund-cut-back-fundraising-2023-7">Tiger Global</a>, and Lerer Hippeau. It filed confidentially to <a target="_blank" href="https://www.businessinsider.com/allbirds-ipo-filing-s1-analysis-2021-8">go public in the summer of 2021</a>.Through the pandemic, a dizzying number of startups took advantage of the ripe conditions for <a target="_blank" href="https://www.businessinsider.com/2021-shaping-up-be-record-year-for-ipos-here-are-the-biggest">going public</a>: high valuations, low interest rates, and roaring investor demand for new stocks. There were <a target="_blank" href="https://www.pwc.com/gx/en/audit-services/ipo-centre/assets/pwc-global-ipo-watch-2021.pdf">1,115 IPOs in the Americas in 2021</a>, according to PwC — by far the most for any year in this century.Few of these companies were actually making money. In a low-rate environment, investors have a higher tolerance for companies burning lots of cash in order to grow quickly. Firms like <a target="_blank" href="https://www.businessinsider.com/caspers-losses-valuation-and-tech-pretentions-could-hurt-its-ipo-2020-1">Casper</a>, Rent the Runway, and Peloton showed mounting losses in their S-1 filings.Allbirds was part of this generation of money-losing companies to go public. Its prospectus to would-be investors highlighted continuing losses even as revenue increased. The direct-to-consumer brand's net loss grew from $14.5 million in 2019 to $25.9 million in 2020. For the first six months of 2021, the company's losses totaled $21.1 million.<div type="image" title="Allbirds on Thursday announced a disappointing earnings report." height="4160" width="5547" msid="105626954" hostid="261" sizebytes="509394"></div>On its opening day of trading, shares of Allbirds surged 90%, closing at $28.64 apiece, but the jubilee and Champagne didn't last. In a matter of months, companies that sell directly to consumers started to fall out of favor with investors, who were paying closer attention to profits. Allbirds' shares tumbled. Its stock has lost 96% of its value since its public market debut and is recently trading at under $1.Like other retail brands, Allbirds is also battling rising <a target="_blank" href="https://www.businessinsider.com/freight-recession-economy-pandemic-trucking-transportation-consumer-demand-2023-9">freight costs</a> and <a target="_blank" href="https://www.businessinsider.com/jpmorgan-jamie-dimon-russia-ukraine-geopolitics-economy-rates-energy-prices-2023-9">impacts from the war in Ukraine</a>. The company had tried to do <a target="_blank" href="https://www.businessinsider.com/allbirds-weird-moonshot-carbon-neutral-sock-shoe-2023-6">more and more items</a>, from wool leggings to puffer jackets, Brown said. In doing so, it neglected the original customers who fell for its walk-on-air sneakers. Customers moved on to newer, hotter kicks.<div type="image" title="Allbirds M0.0nshot carbon neutral shoes" height="1875" width="2500" msid="105626958" hostid="261" sizebytes="381280"></div>Speaking to Insider about <a target="_blank" href="https://www.businessinsider.com/what-happened-to-allbirds-rise-fall-2023-4">the company's ongoing plan to streamline its business</a>, Brown said Allbirds focused on growth "through seven really wild years.""The path to profitability was something that we always knew was super important and then we hit some challenges," Brown said. "And the public markets have judged us poorly and not just us, a lot of that IPO class."And judge it has. Crunchbase News' Joanna Glasner reported in October that a selected group of the largest startup offerings of 2021, which includes Coinbase, Didi, Rivian, and Roblox, <a target="_blank" href="https://news.crunchbase.com/public/biggest-ipos-2021-current-value-didi-rivn/">have shed 60% of their value</a>.Last week, Allbirds reported another quarter of <a target="_blank" href="https://ir.allbirds.com/news-releases/news-release-details/allbirds-reports-third-quarter-2023-financial-results">bruising earnings</a>. Sales dropped by 21% year-over-year in the third quarter as the company discounts items and discontinues others. Shares have lifted slightly, however, after Allbirds began selling its shoes on Amazon earlier this month.Brown said if he could do it all again, he might have done a few things differently. The company recently relaunched a 2.0 version of the wool sneaker that made it famous."People love a comeback and I think they love what we stand for," said Brown, who stepped down as co-chief executive officer of Allbirds in May. "And now we just have to go execute really well."

The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public

<ul><li>Grocery retail startup <keyword id="2466939" type="PERSON" weightage="20" keywordseo="Grofers">Grofers</keyword> has announced that it aims to have 500 EVs deployed on Indian roads by December.</li><li>It is also a part of electric vehicle freight project called Deliver Electric Delhi by the Delhi government.</li><li>Grofers was in the news in May when it raised over $200 million from Softbank Vision Fund. </li></ul>Indian grocery delivery startup Grofers is the latest to adopt <keyword id="6354973" type="UNKNOWN" weightage="20" keywordseo="electric-vehicles">electric vehicles</keyword>. The startup <a href="https://www.livemint.com/companies/start-ups/grofers-to-deploy-500-e-vans-in-fleet-by-december-end-1563802903457.html">announced</a> that its pilots have been successful where its delivery costs went down by 50%. Now, it plans to expand and take it to 500 EVs by December. Grofers is already using EVs in Delhi and Jaipur. It is also a part of electric vehicle freight project called Deliver Electric Delhi by the Delhi government. The startup joins the league of Zomato, Swiggy, Flipkart and others, who have declared their plans to switch to EVs for delivery. Swiggy too is piloting the use of Electric Vehicles for its deliveries across 10 cities. It said that the EV adoption can reduce running costs by 40%. Over the last two years, Grofers’ has grown by a staggering 800%, to achieve an annual revenue of $400 million. Deploying EVs could help cut costs further. The grocery retail startup raised over $200 million in May, from Softbank Vision Fund. With this funding, its reported valuation is set to be almost $1 billion – just a few steps away from being a unicorn. The series F round also saw participation from new investor, KTB, and along with existing investors – Tiger Global Management and Sequoia Capital. It competitor BigBasket is already a unicorn.

Grofers aims to cut costs with electric vehicles, will deploy 500 EVs by December

<keyword id="31653" type="PERSON" weightage="20" keywordseo="sugar">Sugar</keyword> sector growth is expected to improve in Q4FY21, ratings agency India Ratings and Research (<keyword id="1704466" type="PERSON" weightage="20" keywordseo="Ind-Ra">Ind-Ra</keyword>) said. Accordingly, the improvement is expected to come on the back of the subsidy announced in December 2020 and a <keyword id="9829915" type="UNKNOWN" weightage="20" keywordseo="strong-momentum">strong momentum</keyword> in <keyword id="35090" type="COMPANY" weightage="20" keywordseo="exports">exports</keyword>. "Ind-Ra expects healthy revenue growth in Q4FY21 after the delay in the announcement of the subsidy led to the aggregate revenue growth for major sector entities slowing down to 4 per cent in Q3FY21." According to the agency, increase in ethanol prices across categories will aid the profitability of the distillery segment in Q4FY21. "This is despite the increase in transportation costs on account of allocation to farther depots by oil marketing companies. A strong export revenue should also help, even as domestic spreads could contract on weak sugar prices." Besides, Ind-Ra expects India's <keyword id="115567" type="PERSON" weightage="20" keywordseo="sugar-production">sugar production</keyword> to increase 10 per cent YoY to around 30 million tonne (mnt) in sugar season 2020-21 (SS21), led by a sharp rebound in production in Maharashtra to 10.5 mnt. "Production in UP is likely to be lower at around 10mnt (SS20: 12.6mnt) with lower yields and recoveries coupled with the impact of higher cane diversion to sugar due to early closure of gur or khandsari producers because of the Covid-19 led lockdown in March 2020." "Sugar production increased 20 per cent YoY to 25.9mnt up to mid-March 2021." The agency cited that after a fall in Q3FY21, sugar mills have signed export contracts of almost 4.5mnt of the total quota of 6mnt for SS21 as strong international prices made exports remunerative, despite a reduction in subsidy to ₹5.8 per kg. "The strong demand is driven by the seasonal shortage, lower production in <keyword id="3739" type="LOCATION" weightage="20" keywordseo="Thailand">Thailand</keyword> and delayed exports from India. Indonesia has emerged as a key market after the country extended its preferential lower import duty to Indian sugar amid a decline in sugar production in Thailand." "However, the momentum of raw sugar could be affected with the arrival of Brazilian sugar in April or May though a delay in harvest is likely in an effort to improve recovery." Furthermore, the agency said exports to Iran could reduce amid an increase in the country's production and shortage of Indian rupee. "White sugar exports are also affected by the shortage of containers and an increase in ocean freight. As a result, Ind-Ra believes sugar exports could reduce to around 5.4mnt in SS21." Additionally, the agency said that with strong exports and an increase in ethanol diversion, Ind-Ra expects the closing stock to moderate to 9.5mnt-9.7mnt by the end of SS21. "However, despite the reduction, the stock would remain significantly higher than the normative carry forward requirement." SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/asteroid-apophis-wont-be-hitting-earth-for-at-least-another-century/articleshow/81719171.cms">‘God of Chaos’ asteroid Apophis won’t be crashing into Earth for at least another century</a> <a href="https://www.businessinsider.in/science/health/news/making-vaccines-available-to-indians-may-not-be-enough-it-depends-on-how-judiciously-we-employ-them/articleshow/81720507.cms">Making vaccines available to Indians may not be enough, it depends on how judiciously we employ them</a> <a href="https://www.businessinsider.in/thelife/article/madhya-pradeshs-kanha-national-park-hosts-a-special-guest-and-no-its-not-the-tiger/articleshow/81721513.cms">Madhya Pradesh’s Kanha National Park hosts a special guest. And, no, it’s not the tiger</a>

Sugar sector growth likely to improve in Q4FY21, says Indian Ratings and Research

<ul><li><keyword id="4393078" type="PERSON" weightage="20" keywordseo="Ola-Electric">Ola Electric</keyword> has partnered with <keyword id="6399726" type="ORGANIZATION" weightage="20" keywordseo="bses">BSES</keyword> Yamuna Power Limited (BYPL) and BSES Rajdhani Power Limited (BRPL). </li><li>Ola Electric will work with the power utility companies and set up charging stations and battery swapping stations. </li><li>In June, the Delhi government had said that it is running a pilot project testing the use of electric vehicles. </li></ul>Ola’s <keyword id="381751" type="ORGANIZATION" weightage="20" keywordseo="Electric-vehicle">electric vehicle</keyword> subsidiary Ola Electric partnered with BSES Yamuna Power (BYPL) and BSES Rajdhani Power (BRPL) to set up charging stations in Delhi. BSES Rajdhani Power is a joint venture of Reliance Infrastructure and Delhi government. With this partnership, Ola Electric will work with utility companies and set up charging and battery swapping stations. “Ola Electric has been working closely with ecosystem partners across the country to facilitate mass adoption of EVs and create solutions to operate with minimal restrictions. This programme further augments our efforts to lay a strong foundation to enable the smooth functioning of EVs across the country by creating a widespread network of charging solutions that vehicle owners and operators can rely on,” said Ankit Jain, co-founder of Ola Electric. In July, Ola Electric became a unicorn after it raised $250 million from Softbank. In May, Ola Electric also raised funds from Arun Sarin, former Vodafone Group CEO and also from the Chairman Emeritus of Tata Group, Ratan Tata. In March, it raised ₹4 billion from Ola’s existing and early investors – Tiger Global and Matrix India. Through Ola Electric, the company partnered with several equipment manufacturers and battery manufacturers, while looking to work with the automotive industry for solutions for electric vehicles. Delhi government has been trying to create awareness of EVs. In June, the Delhi government had said that it pilot project testing the use of electric vehicles. With the electric vehicle freight project called Deliver Electric Delhi, 1,000 EVs will be used by 30 players for deliveries over the next 12 months. Some of the high profile participants of this project include Flipkart, Amazon, Bigbasket, Grofers, Uber Eats, Zomato to Hero Electric, Mahindra Electric, Tata Motors and even logistics company Blue Dart Express.

You Searched For "freight tiger" and got 4 results

The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public

Melia Russell

Grofers aims to cut costs with electric vehicles, will deploy 500 EVs by December

Sanchita Dash

Sugar sector growth likely to improve in Q4FY21, says Indian Ratings and Research

IANS

Ola Electric partners with BSES to set up EV charging stations in Delhi

Sanchita Dash

Popular Keywords

Buying Guides