Among the top most jewellery retailer companies has been CaratLane which has maintained its upward trend. For the financial year that ended March 2024, the total company sales grew by 42% equal to Rs 3,081 crore. But rapid growth strategies negatively impacted on the company’s profits by a small margin. On the downside, there is…
One such player in operations today is Efficient Capital Labs (ECL) an efficient non-dilutive capital provider for B2B SaaS Startups that has recently closed an $11million Series A round. For this investment of funds, the company will extend its market into the Southeast Asia region, while it already has a market in South Asia, and…
Opkey, the AI-centered test automation solution designed for enterprise systems, closed $47m of Series B funding. The latest investment round is headed by the PeakSpan Capital and will allow Opkey to strengthen its existing technology and increase its worldwide presence. That is why the startup is going to use the funds to advance the development…
Ather energy has decided to expand in its second international market SRILANKA , after nepal . Ather Energy, the Bangalore-based electric scooter company will open its first experience center in partnership with Evolution Auto Pvt. Ltd. This being a joint venture between Sensei Capital Partners (Atman Group) and Sino Lanka Private Limited. Previously Ather launched…
FirstCry has commented, “No order of any kind has been passed, so the financial impact cannot be determined at this stage.”FirstCry said, “No income chargeable to tax has escaped the assessment, and we have a strong case on merit.”The recent spectacular listing of FirstCry on the bourses at over a 40 percent premium on NSE…
SoftBank-backed Indian food delivery giant Swiggy is eyeing a monster IPO. The company is gunning for a valuation of about $15 billion to raise $1 billion to $1.2 billion. This will be among the biggest initial public offerings this year in India. Swiggy is engaged in a stiff battle for market share in the Indian…
E-commerce giant Amazon India has announced a huge cut in selling fees across various product categories. The cuts, which would be applicable starting September, fall in the range of 3 per cent to 12 per cent and would hence see the sellers benefiting, more so with affordable product sellers. The strategic move is viewed against…
After five years of its existence, Mumbai-based healthtech startup, Kenko Health is out of business. The startup which had attracted over $13 million investment from investors such as Peak XV, BEENEXT, and Orios Venture Partners had no cash at one point despite this funding. This resulted in their shut down of offices in Bengaluru and…
Namma Yatri, a Bengaluru based ride hailing firm is among those companies that are thinking big having been reported to be eying the United States market. Currently, the company is negotiating with unions in the US to establish the organization’s position in an industry that is mainly controlled by large players. Indeed with this support…
In a pre-Series B investment round, mortgage brand LoanKuber was able to secure $3m. undefined Pace of this investment was led by the current investor, namely Inflection Point Ventures while the other was Singapore-based TRTL VC. Other notable personalities present included Angel investors as well as LetsVenture, Mavuca Capital and Auxano. With the fresh capital…
