Three points you will get to know in this article: Zoomcar is optimistic about achieving profitability in the fiscal year 2024. If this milestone is reached, it would undeniably become one of the standout narratives of the year, especially when examining the financial trajectory of the company in the fiscal year concluding in March 2023. During that period, the Indian…
Three points you will get to know in this article: Akshayakalpa Organic, an organic dairy startup, has successfully secured Rs 100 crore or $12 million in its Series C funding round, which was led by A91 Partners. This significant investment marks a milestone for the Bengaluru-based company, coming after a gap of 16 months. Special Resolution and Capital Raise Furthermore,…
Three points you will get to know in this article: Amagi, the innovative cloud-based media SaaS technology firm, experienced an impressive threefold surge in its earnings over the past two financial years. Surging from Rs 219 crore in FY21 to a remarkable Rs 680 crore in FY23, the company displayed remarkable growth. However, despite achieving profitability in FY21, Amagi faced…
Three points you will get to know in this article: BluSmart Mobility, with a keen focus on electric vehicles, has discreetly unveiled a fresh pricing model tailored to different times of the day. This innovative structure comprises two distinct tiers: ‘rush hours’ and ‘relaxed hours.’ As the names suggest, charges during ‘rush hours’ are set to be higher than those…
Three points you will get to know in this article: Unicommerce, a part of the AceVector Group alongside Snapdeal and Stellaro Brands, has recently submitted its draft red herring prospectus (DRHP) to the Securities Exchange Board of India (SEBI) for their upcoming initial public offering (IPO). In this exciting move, the company aims to secure funds through an offer for…
Three points you will get to know in this article: Gupshup, the conversational messaging platform, stands out among unicorns for its distinctive trait—it has consistently been in the black over the past few fiscal years, in stark contrast to the majority of its counterparts grappling with substantial losses. Impressively, the Indian arm of Gupshup not only weathered the storm but…
Three points you will get to know in this article: MobiKwik, the leading digital payment solutions provider, is gearing up to secure Rs 880 crore through a new issuance of equity shares via a public offering. This marks MobiKwik’s second venture into the IPO arena, following an initial attempt where it submitted a draft red herring prospectus (DRHP) in July…
Three points you will get to know in this article: Subramanyam Reddy, the visionary behind Knowledgehut, an edtech company now under the upGrad umbrella, has gracefully stepped down from his role as founder and chief executive, marking the end of an impressive 13-year tenure with the organization. Sources reveal that Reddy tendered his resignation just last month and is presently…
Three points you will get to know in this article: Pristyn Care, a hospital chain with a focus on surgeries, successfully expanded its operational footprint, witnessing a remarkable 44.70% growth and surpassing the Rs 450 crore milestone in the financial year concluding in March 2023. In a notable turnaround from FY22, during which the company experienced a 332% increase in…
Three points you will get to know in this article: In the realm of horizontal e-commerce ventures, Snapdeal, the Gurugram-based e-commerce platform, stands out for its unwavering commitment to profitability. Notably, the company has achieved a commendable feat by reducing consolidated losses by 45%, from Rs 510 Cr in FY22 to Rs 282 Cr in FY23. Impressively, Snapdeal achieved profitability…
