Razorpay logo
Posted in Fintech

Reverse Flip: Razorpay’s Cross-Country Merger May Incur $250-300 Million Tax

by SA TeamPosted on

Three points you will get to know in this article: Fintech unicorn Razorpay is strategically considering a move to shift its headquarters to India through a cross-country merger, anticipating a potential tax liability ranging from $250 million to $300 million in its current base, the United States. This strategic initiative involves merging its U.S.-registered entity with its Indian counterpart. Razorpay,…

Zeta
Posted in Fintech

Zeta India Turns Profitable In FY23, Posts PAT Of INR 21.94 Cr

by SA TeamPosted on

Three points you will get to know in this article: Zeta’s Financial Performance in FY23 Zeta, a fintech SaaS unicorn based in Bengaluru, has turned profitable in the financial year ending on March 31, 2023, through its Indian subsidiary Better World Technology Pvt Ltd. The company reported a profit after tax (PAT) of INR 21.94 Cr in FY23, a remarkable…

JioMotive Features
Posted in Social Media

Jio Offers Device to Transform Your Car into a Smart Vehicle with Features Like Live Tracking and Geo-Fencing at Rs 4,999

by SA TeamPosted on

Three points you will get to know in this article: Renowned telecommunications giant, Reliance Jio, has unveiled a groundbreaking innovation in the form of JioMotive—an on-board diagnostics (OBD) device designed to elevate any car into the realm of smart vehicles. This compact wonder, small enough to fit in your pocket, redefines convenience with its effortless installation, requiring nothing more than…

Zomato logo
Posted in BusinessDaily Feeds

Zomato Allocates 10.65 Crore ESOPs After Two Consecutive Profitable Quarters

by SA TeamPosted on

Three points you will get to know in this article: Zomato Allocates 10.65 Crore Equity Shares through ESOPs The renowned foodtech giant, Zomato, has recently assigned approximately 10.65 crore equity shares through various employee stock option plans (ESOPs). In an official filing with the exchange, the company communicated that its board has given the green light for the allocation of…

AJIO Unveils AJIOGRAM
Posted in EcommerceSocial Media

AJIO Unveils AJIOGRAM to Empower D2C Fashion Startups with Interactive E-commerce

by SA TeamPosted on

Three points you will get to know in this article: Today, AJIO, the popular online retailer, excitingly introduced AJIOGRAM, a cutting-edge direct-to-consumer (D2C) platform filled with captivating content and interactive shopping experiences. This innovative move is designed to uplift Indian fashion startups that are reshaping the industry with their unique vision and inventive products. Accessing this platform is a breeze—simply…

Indian Startups Raise Over $1.2 Billion in Funding for October
Posted in BusinessFinance

Indian Startups Raise Over $1.2 Billion in Funding for October

by SA TeamPosted on

Three points you will get to know in this article: October witnessed a promising surge in investments for Indian startups, aligning with historical patterns. This noteworthy uptick in monthly financial support arrives just as startups within the ecosystem are rallying to navigate through the challenges of funding constraints. Notably, an intriguing aspect is that a substantial one-third of the total…

Freshworks
Posted in BusinessTechnology

Freshworks Reports 19% Revenue Surge to $153 Million in Q3, Aims for $1 Billion Revenue by 2026

by SA TeamPosted on

Three points you will get to know in this article: Freshworks, a Software-as-a-Service (SaaS) company listed on Nasdaq, unveiled robust financial results on November 1st. During the third quarter of 2023, the company witnessed a remarkable 19% year-on-year surge in its consolidated revenue, reaching $153.6 million. This exceeded the company’s initial projections of $149-$151 million, a feat attributed to the…

Ontario Teachers' Fund
Posted in Business

Ontario Teachers’ Fund Receives CCI Approval for Minority Stake Acquisition in XpressBees

by SA TeamPosted on

Three points you will get to know in this article: On Thursday, October 26, the Competition Commission of India (CCI) gave the nod to the Ontario teachers’ fund’s plan to secure a minority interest in the renowned logistics powerhouse, XpressBees. In its official decree, the CCI granted approval for the acquisition of a stake in BusyBees Logistics Solution, the parent…

Mamaearth IPO
Posted in Business

Mamaearth, Gearing Up for IPO, Reports INR 151 Cr Loss in FY23 Due to Goodwill Impairment

by SA TeamPosted on

Three points you will get to know in this article: Mamaearth, the direct-to-consumer (D2C) unicorn gearing up for its IPO, faced a financial setback in the fiscal year ending March 31, 2023, due to a one-time loss. The parent company, Honasa Consumer Limited, helmed by the husband-wife team Varun and Ghazal Alagh, witnessed a shift from the previous fiscal year’s…

Meta, Facebook Ads
Posted in Social MediaTechnology

Meta India Doubles Revenue from Click-To-Message Ads in FY23

by SA TeamPosted on

Three points you will get to know in this article: On October 26, 2023, CEO Mark Zuckerberg enthusiastically shared the remarkable growth trajectory of Meta during an engaging analysts’ call. Within the expansive Meta family, encompassing Facebook, Instagram, and WhatsApp, India shines brightly as a key market. Zuckerberg revealed a fascinating statistic, indicating that more than 60 percent of WhatsApp…

Start typing and press Enter to search

Shopping Cart