The valuation of PharmEasy’s parent, API Holdings, has taken a serious beating. From being valued at $5.6 billion, it came down to $458 million, which is a drop of 92%. It was due to a number of factors, including some really unfavorable market conditions and investor concern. Janus Henderson, one of PharmEasy’s investors, cut the…
Paytm India’s biggest digital payments service provider has said it is divesting its entertainment ticketing vertical to Zomato, a food delivery platform. The stock and cash deal is expected to be at Rs 2,048 crore and will involve the acquisition of Paytm’s subsidiaries Orbgen Technologies and Wasteland Entertainment that respectively own TicketNew and Insider. Paytm…
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…
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…
Nazara Technologies The India’s gaming mammoth is setting up a new record in its attempt to globalize and capture the Fusebox Games, a UK based gaming studio for INR 228 crore. It is an all cash acquisition, which shows how the firm is keen on expanding on its market interests in the interactive storytelling sub…
The going has got rough for one of the foremost online travels agency in India named EaseMyTrip. The financial report of the first quarter of the fiscal year 2025 has shown rough-sailing for the company. As expected, revenue and consequently the profit level have significantly declined in comparison with the previous Q. Although it has…
“In any market, a brilliant concept supported by a clear vision and competitive plan leads to success.”With the success of their company, the Kolkata-based duo of two friends has proven the above point. WOW Momo is a well-known fast-food restaurant chain with headquarters in Kolkata. They specialize in momos, a typical dish in Nepal, Tibet,…
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…
Sick of unexciting razors and uncomfortable skin? You’re not alone. In the same vein, Shantanu, who had conceived the idea of going big with BSC, felt the same pinch. But instead of moaning about it, he turned it into a business opportunity and became highly paid because of it. For Bombay shaving company it was…
Introduction The bankruptcy of Lehman Brothers Holdings Inc. on September 15, 2008, stands as a monumental event in the history of global finance. As the fourth-largest investment bank in the United States, Lehman’s sudden collapse signaled the onset of the most severe phase of the 2008 financial crisis. This case study examines the intricate factors…
