PhysicsWallah
Posted in Education

PhysicsWallah Achieves 3.4X Revenue Growth and Profitability Surge in FY23

by SA TeamPosted on

Three points you will get to know in this article: In the fiscal year 2023, the EdTech giant PhysicsWallah demonstrated commendable profitability, witnessing a remarkable 3.4X surge in its total revenue, reaching Rs 798 crore, as disclosed by the financial data provided by the Noida-based company. Throughout the fiscal year concluding in March 2023, the firm experienced a substantial rise…

Zype
Posted in Fintech

Zype Reports Monthly Disbursal of INR 75 Crore with Proprietary Collection Infrastructure

by SA TeamPosted on

Three points you will get to know in this article: Zype, a pioneering app focused on financial well-being and lifestyle with a credit-first approach, made headlines in December 2022 when it secured close to $18 million in funding and emerged from stealth mode. In a recent discussion with Yogi Sadana, the founder and CEO of Zype, Entrackr gained valuable insights…

incred-logo
Posted in Fintech

InCred Attains Unicorn Status with $60 Mn Fundin

by SA TeamPosted on

Three points you will get to know in this article: In a significant milestone, InCred, a leading fintech company, has achieved unicorn status, marking a momentous occasion for the firm. The accomplishment comes on the heels of a successful Series D funding round, where InCred secured an impressive $60 million from both new and existing investors. Notably, it follows in…

BluSmart-automobile
Posted in Automobile

BluSmart Raises $24 Mn from Investors and Leadership

by SA TeamPosted on

Three points you will get to know in this article: BluSmart Mobility, a cutting-edge electric vehicle (EV) ride-hailing service and a pioneer in EV charging superhub infrastructure operation, successfully secured $24 million in a recent equity funding round. As per the company’s statement, this round witnessed active involvement and enthusiastic support from current investors, company founders, and the esteemed leadership…

flipkart logo
Posted in BusinessEcommerce

Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion

by SA TeamPosted on

Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…
Posted in BusinessHealthcare

Healthkart Witnesses Remarkable Revenue Surge, Soaring 2.7 Times to Rs 832 Crore in FY23

by SA TeamPosted on

Three points you will get to know in this article: Over the FY18-FY21 span, Healthkart experienced a plateau in its growth trajectory, yet over the last couple of years, the company has successfully reignited its upward momentum. Remarkably, the nutritional powerhouse saw its revenue skyrocket by 2.7 times, reaching Rs 832 crore in FY23, a significant leap from Rs 307…

udaan-logo
Posted in BusinessEcommerceSocial Media

Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation

by SA TeamPosted on

Three points you will get to know in this article: In September, Udaan, the B2B e-commerce platform, underwent a strategic restructuring that led to the unfortunate layoff of over 100 dedicated employees. The company, headquartered in Bengaluru, undertook a comprehensive reorganization, uniting its essentials business encompassing FMCG, staples, and pharma with the discretionary business covering general merchandise, lifestyle, and electronics.…

geoiq-logo
Posted in Technology

GeoIQ: Transforming Business Expansion with Location Intelligence and AI

by SA TeamPosted on

Three points you will get to know in this article: Recognizing the pivotal role that the right location plays in the success of a business has been a longstanding insight. Elements such as proximity, population density, demographics, and local culture wield considerable influence over foot traffic and consumer interaction. Traditionally, businesses have relied on survey agencies to amass pertinent data…

grock-ai
Posted in Technology

Elon Musk’s xAI Expands Grok AI Chatbot to India

by SA TeamPosted on

Three points you will get to know in this article: Elon Musk’s xAI is swiftly introducing its innovative artificial intelligence (AI)-powered chatbot Grok AI to India and an additional 46 nations, encompassing Australia, Canada, Malaysia, New Zealand, and Singapore, among others. This expansion follows closely on the heels of the bot’s debut in the United States, happening within a mere…

aditya-birla-group-hindalco
Posted in Automobile

Aditya Birla Group’s Hindalco Invests INR 800 Crores in Battery Foil Production Facility in Odisha

by SA TeamPosted on

Three points you will get to know in this article: Hindalco Industries, the leading metals company under the Aditya Birla Group, has revealed a substantial investment of INR 800 Crores for establishing a cutting-edge battery foil production facility in the vibrant Sambalpur district of Odisha. This strategic financial commitment by Hindalco is driven by its foresight to capitalize on the…

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