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…

Delhi Startup Policy
Posted in Business

Delhi Government Targets Supporting 15,000 Startups by 2030

by SA TeamPosted on

Three points you will get to know in this article: • Delhi government finalizes draft of startup policy to support and encourage 15,000 startups by 2030.• The policy includes collateral-free loans, expert guidance, and support for college students.• Delhi aims to establish itself as a global innovation hub and preferred location for startups by creating a supportive ecosystem for entrepreneurship.…

Jio GigaFiber
Posted in BusinessTechnology

Reliance Jio Unveils India’s First Satellite-Based Giga Fibre Service

by SA TeamPosted on

Three points you will get to know in this article: • Reliance Jio Infocomm has introduced JioSpaceFibre, India’s first satellite-based giga-fibre service.• JioSpaceFibre aims to provide fast and reliable internet connectivity to remote and challenging-to-reach regions across India.• Jio Infocomm has partnered with SES to deliver satellite-based broadband services in India and has received approval to offer global mobile personal…

Inc.5
Posted in BusinessEcommerce

Footwear Brand Inc.5 Shoes Raises $10 Million in Series A Funding

by SA TeamPosted on

Three points you will get to know in this article:• The direct-to-consumer (D2C) market in India is rapidly growing, with the fashion and clothing segment expected to reach $43.2 billion by 2025.• Inc.5 Shoes plans to expand its presence in urban areas and target Tier 2 and select Tier 3 cities.• Mumbai-based footwear brand Inc.5 Shoes raises $10 million in…

Paytm soundboxes
Posted in BusinessFinance

New-Age Tech Stocks Decline Amid Geopolitical Tensions; Paytm Emerges as Biggest Winner This Week

by SA TeamPosted on

Three points you will get to know in this article: This week witnessed a downturn in the performance of Indian new-age technology stocks, mirroring the broader market’s decline. The setback was attributed to a combination of mixed Q2 earnings reports from various companies and escalating geopolitical tensions.Within the realm of Inc42’s coverage, 11 out of the 18 new-age tech stocks…

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