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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.

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