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CarTrade’s Net Profit Jumps 509% To INR 30.72 Cr In Q2
Online classifieds and auto auction platform CarTrade has recorded a 509% year-on-year jump in its consolidated net profit to INR 30.72 Cr in the September quarter (Q2) of the financial year 2024-25...
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Arya.ag Receives $19.8 Mn Commitment From DFC
Agritech startup Arya.ag has secured a commitment of $19.8 Mn (INR 166.4 Cr) from US International Development Finance Corporation (DFC) to extend a debt facility for its agri commerce subsidiary...
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Flipkart Internet Grows Revenue By 21% YoY, Losses Down By 41%
Marketplace arm of Flipkart, Flipkart Internet’s revenue grew 21% year-on-year (YoY) to INR 17,907.3 Cr for the financial year 2023-24 (FY24), according to the regulatory filings from Tofler. The...
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CarTrade’s Shares Rally Over 8% Post Q2 Results
Shares of online auto auction platform CarTrade surged as much as 8.7% at INR 1,069 during the intraday trading today (October 28) following the announcement of its Q2 financials for FY25. However,...
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RBI Expects UPI Transactions To Soon Hit 1 Bn
Reserve Bank of India (RBI) governor Shaktikanta Das said that the central bank expects the number of UPI transactions to hit the 1 Bn milestone in the next few months from 500 Mn transactions per day...
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Veefin Solutions’ Q2 Profit Jumps 325% YoY To INR 4.1 Cr
Fintech company Veefin Solutions reported a profit of INR 4.13 Cr in the second quarter of fiscal year 2024-25 (Q2 FY25), up 325% from INR 97.98 Lakh in the previous fiscal year. However, profit...
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Swiggy Sets IPO Price Band At INR 371-390
Foodtech major Swiggy has reportedly set the price band for its upcoming initial public offering (IPO) at INR 371-390. At the upper end of the price band, the company will be valued at $11.3 Bn (about...
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Unicommerce Q2 Profit Rises 21% YoY To INR 4.5 Cr
SaaS company Unicommerce’s profit after tax (PAT) grew 21% year-on-year (YoY) to INR 4.47 Cr in the second quarter of the ongoing financial year 2024-25 (Q2 FY25) from INR 3.69 Cr in the year-ago...
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12 New-Age Investment Platforms Fuelling India’s Digital Gold Rush
India’s appetite for gold is world renowned. For centuries, the yellow metal has been associated with prosperity, wealth, tradition and increasingly as a safe haven for investors, especially in times...
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BharatPe Rolls Out New App For Investment Offerings
Fintech major BharatPe has launched a new app, Invest BharatPe, consolidating its investment offerings. In a statement, the company said that it has launched digital gold as the first product on the...
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BluSmart Appoints Rupa Devi Singh As Independent Director
EV fleet major BluSmart has roped in Rupa Devi Singh as a new independent director on its board. With this, BluSmart’s board now has two independent directors – Singh and Azure Power’s former chairman...
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ideaForge Slips Into The Red, Posts INR 13.7 Cr Loss In Q2
Drone manufacturer ideaForge reported a consolidated net loss of INR 13.7 Cr in the quarter ending September 2024 (Q2) as against a net profit of INR 89.20 Lakh in the year ago period. Notably, in the...
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Avanse Financial Gets SEBI Nod For INR 3,500 Cr IPO
Nearly three months after it refiled its draft red herring prospectus (DRHP), non-banking financial company (NBFC) Avanse Financial Services has received approval from the Securities and Exchange Board...
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Swiggy Files RHP, Increases Fresh Issue Size To INR 4,499 Cr
After much ado, foodtech giant Swiggy finally filed its red herring prospectus (RHP) in the late hours of Monday (October 28). As per the IPO papers, the decacorn’s public issue will open for...
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PaySense Cofounder’s New Startup Bags $25.5 Mn In Seed Funding
PaySense cofounder and former PayU Credit CEO Prashanth Ranganathan’s overseas education-focussed fintech startup Zinc has emerged out of the stealth mode and raised $25.5 Mn (about INR 214 Cr) in a...
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Can BigBasket Find Its Quick Commerce Groove?
Equipped with speed and convenience, quick commerce is expanding its dominance in the world of online shopping. Initially questioned for its long-term viability and relevance beyond metro cities, quick...
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Meet The D2C Startups Dazzling India’s Jewellery Market
Jewellery is the soul of Indian cultural identity. Weddings and festivals are incomplete without jewellery purchase and it finds usage in daily life as well. This has propelled the Indian jewellery...
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Indian Startup IPO Tracker 2024
It’s the season of spring for startup IPOs. After a lull in IPOs in 2022 and 2023 due to geopolitical tensions, a raging funding winter, and macroeconomic pressures, startups are lining up in droves to...
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Govt Warns Against Illegal Payment Gateways Facilitating Laundering
Weeks after the Maharashtra government partnered with L&T Technology Services to set up an advanced cyber command and control centre in Navi Mumbai, the Ministry of Home Affairs (MHA), along with...
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Vridhi Home Finance Bags INR 310 Cr From Norwest, Others
Bengaluru-based NBFC Vridhi Home Finance has secured INR 310 Cr (around $36.9 Mn) in a Series B funding round led by Norwest Venture Partners. The round also saw participation from existing investors...
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