Mobile wallet firm MobiKwik has at last been able to record its first full year of operations in the black. The total income of the fintech company increased to 58% year-on-year. 7 % in FY 24 and also posted a net profit as against a net loss in the previous year. This a clear pointer…
Reliance Industries is all geared up to disrupt the streaming industry in India with its plan to merge JioCinema with Disney+ Hotstar. The goal of this strategic maneuver is to make a single, overwhelming platform that can challenge international players such as Netflix and Amazon Prime Video. For instance, JioCinema that is already instrumentalally popular…
Shiprocket, an ecommerce enabler in which Zomato has a stake, has introduced a new D2C marketplace, Zop. This marketplace that is still in its pilot stage seeks to bring various direct-to-consumer brands that are Indigenous to Indians. Shiprocket’s vision is to create an environment where brand can access the audience and promote their products. With…
National coworking space leader Smartworks is getting prepared for his IPO with a fresh issue of Rs 550 crore. This is rather strange because in the last fiscal the company suffered a net loss of almost Rs 50 crore. But revenue is on an increase; for the next fiscal ending March 31, 2023 it stood…
A high flying fintech Unicorn, Slice has emerged a winner yet again, as the Nation Company Law Tribunal(NCLT) okays the merger between the company and the North East Small Finance Bank(NESFB). This partnership that was announced back in October fits in well in the company’s plan to revolutionize banking services. The tie up of Slice’s…
CashKaro is going strong, indeed! The company that operates the widely used cashback and coupons site is a digital commerce company that has surprised and impressed many as it has achieved over ₹300 crore of operating revenue for the FY 2023-24. This sizzling 21. 5% growth is a testimony for the Ratan Tata-backed startup that…
The fintech startup championing the cause of the Micro, Small and Medium Enterprises or MSMEs, FlexiLoans has been extended yet another financial success in form of Rs 75 crore of debt funding from JM Financial. This funding is a sequel to the $35 million equity raised by FlexiLoans which makes the firm a major player…
CloudKeeper an efficient cloud cost optimization solution service provider has been acquired by an AI platform WiseOps that identifies opportunities to cut the cloud bill for businesses. Launched in 2019, WiseOps has already shown how it can help achieve substantial savings; more to the point, its technology is highly relevant to CloudKeeper’s objectives. With this…
Zomato, Food delivery giant Amidst the customary statements of innovation that tech companies like to throw into their press releases,has delivered a functionality that has the potential to disrupt the group ordering experience. In the last update, the platform has introduced the ‘Group Ordering’ feature that enables user to have a shared Cart, which friends…
Zoomcar Self-drive car rental start-up is ready to unleash its break-neck pace on its journey to profitability. The adjusted Ebitda loss in Q1 FY25 came in at a considerably lower figure than at the same period last year, with the company having slashed it by more than half. This is quite impressive and it goes…
