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As Indian fans lined up to watch the India-Australia T20 series on JioCinema, many were left disappointed as users faced...
24/11/2023

As Indian fans lined up to watch the India-Australia T20 series on JioCinema, many were left disappointed as users faced outages during the live streaming of the match on the streaming platform.

This was the first match streamed by the Reliance-owned JioCinema after winning the rights to telecast the Indian cricket team’s domestic matches in September this year.

Full-fledged online travel agent (OTA) and largest third-party train travel booking platform Ixigo has truly put the ped...
15/11/2023

Full-fledged online travel agent (OTA) and largest third-party train travel booking platform Ixigo has truly put the pedal to the metal in FY23. It registered around 32% growth in the fiscal year ending March 2023 even as the company returned to profitability after posting losses in FY22.

Ixigo’s revenue from operations grew to Rs 501 crore in FY23 from Rs 380 crore in FY22, according to its consolidated financial statements sourced from RoC.

Baked goods startup Bakingo has secured its first-ever funding round worth $16 Mn from private equity (PE) firm Faering ...
13/11/2023

Baked goods startup Bakingo has secured its first-ever funding round worth $16 Mn from private equity (PE) firm Faering Capital.

With this investment, Bakingo is looking to further strengthen its distribution footprint by expanding from 75 dark kitchens to 150 and entering ten new cities. The startup also plans to open exclusive brand stores for customers to experience the product and to invest in technology to enhance its production, supply chain and forecasting capabilities.

Billionaire Elon Musk must be a happy man right now. That's because a fellow billionaire, Ron Baron, is bullish on Space...
13/11/2023

Billionaire Elon Musk must be a happy man right now. That's because a fellow billionaire, Ron Baron, is bullish on SpaceX's future prospects. In an interview with a U.S. News network, Baron said that Elon Musk's SpaceX will be worth about 500 billion by 2030.

B2B SaaS startup Whatfix managed to cut its net loss by 53% in the financial year ended March 31, 2023 by bringing down ...
13/11/2023

B2B SaaS startup Whatfix managed to cut its net loss by 53% in the financial year ended March 31, 2023 by bringing down its expenses. The startup posted a net loss of INR 328.33 Cr in the financial year 2022-23 (FY23) as against a loss of INR 706.26 Cr in FY22.

The Softbank-backed startup’s operating revenue rose 65.14% to INR 284.74 Cr in FY23 from INR 172.42 Cr in FY22.

Lendingtech startup Moneyboxx Finance is raising INR 75 Cr ($9 Mn) as part of a strategic funding round via preferential...
12/11/2023

Lendingtech startup Moneyboxx Finance is raising INR 75 Cr ($9 Mn) as part of a strategic funding round via preferential allotment to high net-worth individuals (HNIs), family offices and individual investors.
The proposed funding will be utilised to bolster the startup's expansion plan and fuel business growth. The capital will also nearly double its existing capital base which will be used to offer business loans across rural India.

India's Patanjali Foods on Friday reported a second-quarter profit that more than doubled as a slump in expenses outpace...
09/11/2023

India's Patanjali Foods on Friday reported a second-quarter profit that more than doubled as a slump in expenses outpaced falling revenue, dragged by lower edible oil prices. The Ruchi Gold oil maker's profit rose to ₹255 crore ($30.63 million) in the quarter ended Sept. 30, from ₹112 crore a year earlier.

Logistics unicorn Delhivery posted a net loss of INR 102.9 Cr in the September quarter (Q2) of the financial year 2023-2...
05/11/2023

Logistics unicorn Delhivery posted a net loss of INR 102.9 Cr in the September quarter (Q2) of the financial year 2023-24 (FY24), down 59.5% from INR 254.1 Cr reported in the corresponding period of the previous fiscal.

However, loss jumped 15% from INR 89.5 Cr Delhivery reported in the previous quarter – Q1 FY24.

BYJU'S, in a statement, said excluding all acquisitions, Think and Learn Private Ltd (TLPL) – the parent entity of BYJU'...
04/11/2023

BYJU'S, in a statement, said excluding all acquisitions, Think and Learn Private Ltd (TLPL) – the parent entity of BYJU'S – reported an EBITDA loss of INR 2,253 Cr in FY22 as against an EBITDA loss of INR 2,406 Cr in FY21. Total income stood at INR 3,569 Cr as against INR 1,552 Cr in FY21.

Listed foodtech giant Zomato has allotted nearly 10.65 Cr equity shares under multiple employee stock option plans (ESOP...
04/11/2023

Listed foodtech giant Zomato has allotted nearly 10.65 Cr equity shares under multiple employee stock option plans (ESOPs).

In an exchange filing, the company said its board has approved allotment of 10,64,69,448 fully paid-up shares under Zomato Employee Stock Option Plan 2018, Zomato Employee Stock Option Plan 2021 and Zomato Employee Stock Option Plan 2022.

Sustainable packaging startup Fibmold has secured $10 Mn funding in a round led by Omnivore and Accel. Founded in Octobe...
03/11/2023

Sustainable packaging startup Fibmold has secured $10 Mn funding in a round led by Omnivore and Accel.

Founded in October 2022 by Param Gandhi and Vaibhav Garg, Fibmold manufactures eco-friendly, moulded fibre packaging products that mimic the functionality of rigid plastics.

"The Indian gaming market, currently valued at $3.1 billion, is expected to hit the $7.5 billion valuation mark by finan...
03/11/2023

"The Indian gaming market, currently valued at $3.1 billion, is expected to hit the $7.5 billion valuation mark by financial year 2028 (FY28), according to Lumikai’s State of India Gaming FY23 report.
The report added that the industry is projected to grow at a compound annual growth rate of 20 per cent, driven by increasing in-app purchases and advertising revenues in casual and mid-core games.

Shares of Adani Group companies gained on Thursday, with Ambuja Cements Ltd. leading the rally with a 2.77% advance.ACC ...
03/11/2023

Shares of Adani Group companies gained on Thursday, with Ambuja Cements Ltd. leading the rally with a 2.77% advance.

ACC Ltd., Adani Power Ltd. and Adani Green Energy Ltd. rose over 1%, while New Delhi Television Ltd., Adani Wilmar Ltd., Adani Total Gas Ltd., Adani Energy Solutions Ltd., and Adani Ports and Special Economic Zone Ltd. saw marginal gains.

Artificial intelligence (Al) and automation will require 16.2 million workers in India to reskill and upskill while also...
02/11/2023

Artificial intelligence (Al) and automation will require 16.2 million workers in India to reskill and upskill while also creating 4.7 million new tech jobs according to a study released by ServiceNow and Pearson on Wednesday.

Tiger Global-backed professional networking platform Apna’s revenue from operations surged nearly 3X in the financial ye...
01/11/2023

Tiger Global-backed professional networking platform Apna’s revenue from operations surged nearly 3X in the financial year ended March 31, 2023. The Bengaluru-based startup reported an operating revenue of INR 180.2 Cr in the financial year 2022-23 (FY23), an increase of 182% from INR 63.8 Cr in the previous fiscal year.

Founded by Nirmit Parikh in 2019, Apna, which initially called itself the LinkedIn for blue- and grey-collar workforce, has now started posting job listings for white-collar workforce as well.

Spacetech startup Skyroot Aerospace has secured INR 225 Cr (approximately $27.5 Mn) in a Pre-Series C funding round led ...
30/10/2023

Spacetech startup Skyroot Aerospace has secured INR 225 Cr (approximately $27.5 Mn) in a Pre-Series C funding round led by Temasek.

Founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, Skyroot builds space launch vehicles.

Apple’s India business has recorded a revenue of INR 49.3K Cr (almost $6 Bn) in FY23, marking an increase of 48% from IN...
30/10/2023

Apple’s India business has recorded a revenue of INR 49.3K Cr (almost $6 Bn) in FY23, marking an increase of 48% from INR 33.3K Cr ($4.03 Bn) in FY22.

According to RoC filings, Apple India generates 94.6% of its revenue from sales of products and 5.4% from maintenance and services.

B2B marketplace IndiaMART InterMESH posted a muted 2% growth in its consolidated net profit at INR 69 Cr during the seco...
29/10/2023

B2B marketplace IndiaMART InterMESH posted a muted 2% growth in its consolidated net profit at INR 69 Cr during the second quarter (Q2) of the financial year 2023-24 (FY24) from INR 68 Cr in Q2 FY23.

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