India, Sept. 13 -- Myntra, the fashion ecommerce arm of Flipkart, saw its net profit zoom about 18X to INR 548 Cr in FY25 from INR 31 Cr in the previous fiscal year due to improvement in margins. The... Read More
India, Sept. 13 -- "After regrouping with our investors and the team, I've made the difficult decision to wind down Hike completely," Web3 gaming startup Hike's founder and CEO Kavin Bharti Mittal sha... Read More
India, Sept. 13 -- Distribution and logistics startup Ripplr has raised INR 200.3 Cr (about $22.6 Mn) from its existing investors. The round was led by Sojitz Corporation, and saw participation from 3... Read More
India, Sept. 13 -- FMCG major Marico is acquiring an additional 46.02% stake in HW Wellness Solutions, the parent of omnichannel healthy snacks startup True Elements, to increase its shareholding to 1... Read More
India, Sept. 13 -- In a bid to ease the listing process for large companies, markets regulator SEBI has revised minimum public shareholding (MPS) norms for companies with a post-issue market capitalis... Read More
India, Sept. 13 -- International Finance Corporation (IFC), the private investment arm of the World Bank, has said that it is investing $37 Mn (INR 326.6 Cr) in Eversource Capital-backed shared electr... Read More
India, Sept. 13 -- Flipkart Internet, the ecommerce major's marketplace arm, crossed the INR 20,000 Cr revenue mark in FY25. The company's operating revenue rose 14.4% to INR 20,493 Cr in the fiscal u... Read More
India, Sept. 13 -- After showing some signs of recovery in the first week of September, Indian startup funding took a major hit this week. Indian startups raised a mere $47.8 Mn across 18 funding deal... Read More
India, Sept. 12 -- Continuing the momentum of the previous two days, Urban Company's IPO was oversubscribed 15.3X at 11:09 on the last day of bidding today. The issue received bids for 164 Cr shares a... Read More
India, Sept. 12 -- The Karnataka High Court (HC) has reportedly directed the state's commercial taxes department to refund INR 16.11 Cr to Flipkart India. The ecommerce giant had paid the amount as pa... Read More