Zoho Reports INR 2,800 Crore Profit in FY23, with 30% Revenue Growth

Three points you will get to know in this article: Zoho stands out as a rare gem in the tech industry, successfully unraveling the secrets to achieving both expansive growth and a robust financial standing. Remarkably, this feat was accomplished without relying on external capital. In the fiscal year 2023, Zoho witnessed an astounding surge of almost 300% in its…

SaaS Unicorn Amagi Achieves Remarkable Rs 680 Cr Revenue in FY23

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…

Gupshup India Achieves INR 1,619 Crore Income and INR 49 Crore Profit in FY23

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…

GeoIQ: Transforming Business Expansion with Location Intelligence and AI

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…

Elon Musk’s xAI Expands Grok AI Chatbot to India

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…

Cyclone Michaung Forces Foxconn and Pegatron to Halt iPhone Production in Chennai Amid Heavy Rain

Three points you will get to know in this article: Adverse weather conditions caused by cyclone Michaung have temporarily halted the production of Apple iPhones at the manufacturing plants near Chennai, operated by Taiwan’s Foxconn and Pegatron. This delay, resulting from heavy rainfall, has affected the city’s crucial electronics and manufacturing hub. The downpour has led to submerged cars and…

Corning’s Indian Venture: INR 1,000 Cr Smartphone Glass Unit

Three points you will get to know in this article: Corning Inc., the renowned US-based Gorilla Glass manufacturer and key Apple supplier, is set to make a significant investment of INR 1,000 Crores in establishing a cutting-edge manufacturing facility in Tamil Nadu. This strategic move is anticipated to serve as the company’s official debut in the Indian market. As reported…

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

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…

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

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…

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

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…

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