PharmEasy’s scale crosses Rs 6,600 Cr in FY23; losses down 16%, what does the future look like?
PharmEasy, the e-pharmacy unicorn from Mumbai, achieved a revenue milestone by crossing INR 6,000 crores in the fiscal year ending 2023. But this doesn’t mean that the company is still profitable. The company has reported a loss of Rs. 2290 Cr. for FY 23. These losses are 16% down from the past year Why have […]
BoAt overtakes Xiaomi, Samsung to become 2nd largest wearable maker after Apple: IDC
In the world, the size of the wearables market is increasing at a rapid pace. There are many big players like Apple, Samsung, Huwaei, and Xiaomi ruling the market, but the Indian startup led by Aman Gupta just overtook Xiaomi to # the 2nd position in terms of a company with the highest volume of […]
Hero Fincorp’s standalone net profit rises 128.33% in the December 2023 quarter
Hero Fincorp’s Assets under Management (AUM) reached Rs 49,127 crore by December 2023, marking a 25% YoY increase from Rs 39,381 crore recorded at the end of December 2022. “The company aims for a net profit of Rs 1,000 crore in the fiscal year 2024-25, projecting a 30% year-on-year growth” as stated by the NBFC’s […]
1 crore new investors in 8 months. Total investors cross 8 crores. What does it mean for NSE?
The National Stock Exchange (NSE) has been attracting investors at war footing. With 1 crore new investors in the last 8 months alone, NSE now has a total 8 crore investor base. But, the actual trading is much more than that. The total investor codes touched are around 14.9 crores, as a user can register […]
PharmEasy Names Yatharth Bhargova As Its New CFO
India’s major health industry player, PharmEasy, has appointed Yatharth Bhargova as its CFO. This move came after their previous CFO Abhinav Jain Bhargova, stepped down from his position after seven years and Yatharth was hired to take over. Why was this move needed? Being India’s first pharma-based unicorn, Pharmeasy grew from $1.5 billion to $5.6 […]
Ranveer Singh invests in Aman Gupta’s boAt, appointed as brand ambassador
Consumer electronics markets are seeing changing market dynamics. Celebrities, once confined to endorsing products, are now actively participating in the business side of things, making angel investments and taking equity. Bollywood superstar Ranveer Singh has made what seems to be a lucrative investment in the renowned audio technology brand, BOAT. This stake acquisition has not […]
Why Swiggy is laying off its 400 employees ahead of the 2024 IPO?
The Swiggy layoffs practice is not new. This is the second time Swiggy has been laid off within one year. Swiggy had let go of 380 employees same time last year to shut down its meat marketplace and prune the remaining costs. During that time, multiple tech companies worldwide were restructuring their firms, given the […]
FinAGG Technologies bags $11 mn funding led by Blue Orchard, Tata Capital
FinAgg Technologies, which is a cash flow-based supply chain finance start-up has recently raised $11 Million (Around Rs 91 Crore). This funding was led by BlueOrchard and backed by Schroders and Tata Capital. This series A funding also saw participation from the Small Industries Development Bank of India (SIDBI) and FinAgg’s existing investors. Apart from […]
HDB Financials Services Gives Unusual Growth. Analyzing 9M FY 24 Results
Renowned Non-Financial Banking Company HDB has released its results for the first 9 months of FY 24, that is till the quarter ended on 31st December 2024. This time it’s an unusual growth scenario if we compare the same period to last year’s financials. This analysis can be beneficial for investors and analysts who keep […]
Flipkart Changes its employee policy, giving 100% bonuses to and merit-linked payouts.
In a phase where tech and tech-based companies are laying off their employees, India’s largest E-commerce company Flipkart made a one-time change of giving bonus and merit-linked payout to their eligible employees. What does this payout policy cover? Usually, companies give an annual hike to their employees. According to this policy, Flipkart will give bulk […]
