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…
Hindustan Composite is a leading auto ancillary company which strategically invested in the IPO-bound online food delivery giant Swiggy. The strategic partnership has come when Bollywood superstar Amitabh Bachchan’s family office also picked up a minority stake in the Bengaluru-based company. As part of the deal valued at Rs 5.17 crore, Hindustan Composite has entered…
Rebel Foods, India’s pioneering cloud kitchen platform, reported a strong improvement in its fiscal year financials, with its revenue rising nearly 19% and losses falling over 40%. The growth indeed suggests how well Rebel Foods has strategized to successfully navigate the competitive foodtech landscape. Food sold was the mainstay of the company, which contributed a…
Zepto is a rapid delivery startup that has increased its valuation to $5 billion after it closed a funding round of $340 million led by General Catalyst. It is almost double the valuation it attained in June, which was $3.6 billion. The fresh capital will drive expansion plans of the company at Zepto, including doubling…
The Indian government has currently launched the Digital Agriculture Mission to modernize the usa’s agriculture zone. This bold initiative goals to enhance farmers’ incomes by means of presenting them with get right of entry to to digital equipment and statistics. The undertaking will help various virtual agriculture tasks, which includes the creation of a digital…
Mastercard and wearable manufacturer boAt have partnered to enable tap-and-pay on their smartwatches. According to a press release from Mastercard, Mastercard cardholders who use smartwatches with payment capabilities from boAt will be able to make easy payments straight from their devices via Crest Pay, the official boAt app. Cardholders may now tokenize their current Mastercard…
Seiko Solutions, one of the pioneers in telematics, enters into a strategic partnership with Indicus Software-a well-renowned IoT solutions provider. With this, the alliance aims to rewrite the future of telematics by embedding the most advanced state-of-art IoT technologies in Seiko Solutions’ presently existing service portfolio. The partnership will utilize Indicus Software’s industry-leading “Contineo” platform,…
Flipkart, the Indian online retailer, announced the opening of two new fulfillment centers in Uttar Pradesh. The new FCs are strategically located at Varanasi and Unnao, collectively spanning more than 5 lakh square feet of storage space. The centres are likely to massively improve the operational efficiencies of Flipkart in the region and create in…
Unicommerce, the foremost SaaS provider solution for e-commerce has reported marvellous financial results for the first quarter of the fiscal year. The results demonstrated a 3% increase in revenues although it is a considerable reduction quarter on quarter and an even more impressive 22% growth in earnings. From Rs 26.5 crore in Q4 FY24 to…
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…
