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29/04/2024

A wellness tech startup helping people overcome alcohol, to***co, and other substance habits.

29/04/2024

ONDC storefronts in Amazon and Flipkart.

29/04/2024

In the fiscal year 2023-24, the National Career Service (NCS) job portal displayed a notable trend in job vacancies surpassing the number of job seekers. According to NCS data, there were 87,27,900 registered job-seekers compared to 1,092,4161 job vacancies. This marks a significant increase in job availability, with vacancies rising by 214 percent over the previous year. [ET]

29/04/2024

"Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space", says Jason Ho (TCC Chairman).

28/04/2024

An eco-friendly startup repurposes flower waste to organic incense sticks.

28/04/2024

Bengaluru Startup Hits the Ground Running: Cannabis Products Delivery Service Draws 1000+ Orders on Launch Day.

28/04/2024

"I want to assure sports lovers in Goa that we will fulfil your dream of holding Olympics in India" - PM Modi.

27/04/2024

Hero Electric got clean chit ✅✅

27/04/2024

Swiggy IPO 🔥🔥🎯🎯

21/11/2023

Ankur Jain, after selling his healthcare startup for a fortune, decided to visit his parents in India. Upon arrival, he discovered a gap in the market, with no independent microbreweries producing high-quality beer.

Despite his father's initial disapproval, Ankur founded Cerana Beverages in 2009, importing and distributing 30 different types of beer in India.

By 2012, Cerana had established itself as the most extensive draft beer dispensing network in India, boasting a portfolio of over 20 beer brands.

Unsatisfied, Ankur identified an opportunity in 2014 for a light beer brand catering to the Indian youth. In February 2015, Bira91 was born, offering flavor, taste, and quality. The brand quickly gained popularity, selling 150,000 cases in 2015 and over 700,000 in 2016.

Bira achieved a 70% market pe*******on in major Indian cities by 2016, attracting a significant investment of 6 million USD from Sequoia Capital. Despite its success, Bira maintained a consistent price and focused on distribution over traditional advertisements, resulting in sales of 150 CR in 2017.

Not content to miss the premium beer segment, Ankur introduced Bira 91 Strong, capturing a 30% market share without any marketing expenses. Additionally, he strategically shifted production from Belgium to cities like Indore and Nagpur, making Bira 91 a global brand crafted in India.

Today, Bira operates in 18 countries, spanning 550 cities, with four breweries in India. As the fourth-largest beer company in India, it has raised over 200 million USD to date.

21/11/2023

12,50,307 attended for the Cricket World Cup 2023.

Most Attended Cricket World Cup Ever in History.

21/11/2023

In the fiscal year 2023, ShareChat reported a 59.4% increase in revenue from operations to Rs 533 crore.

Notably, the in-app virtual currency 'ShareChat Coin' contributed significantly, forming 52% of total revenue, surpassing ad income.

However, the shutdown of the online fantasy sports platform Jeet 11 impacted earnings. Server expenses, constituting 26% of overall expenditure, were the largest cost center, rising 21%. Business promotion spending declined by 50.7%, while total expenditure increased 16.2% to Rs 3,959 crore.

Despite a 59% growth in scale, losses increased nominally to Rs 3,241 crore. The company, valued at $5 billion, raised $255 million in a new funding round but faced challenges, resulting in layoffs and co-founders stepping down.

ShareChat is reportedly seeking a $50 million bridge round at a 55% valuation cut. The company has raised approximately $1.8 billion from investors, including Twitter, Alkeon Capital, Moore Strategic Ventures, and Tencent. ShareChat's struggles and questions its sustainability.

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