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Category News
Urban Company Converts into Public Company: A New Chapter for India’s On-Demand Services Leader
In a landmark move that signals a major shift in India’s on-demand services landscape, Urban Company has officially converted into a public company. The transformation, achieved through a successful IPO, marks a significant milestone for the firm as it opens…
Ola Electric Must Sell 50,000 EVs a Month to Be Profitable, Says CEO
In a bold revelation that underscores the aggressive scaling required in the electric vehicle (EV) market, the CEO of Ola Electric has stated that the company needs to sell 50,000 EVs per month to achieve profitability. This ambitious target highlights…
Droom Posts ₹40 Crore Loss in FY24: Navigating Challenges in the Used Car Market
Droom, India’s prominent online marketplace for buying and selling used vehicles, has reported a net loss of ₹40 crore in FY24. While the platform continues to capture market share in the rapidly evolving auto space, this financial setback highlights the…
OYO’s Q3 FY25 Profit Soars 6x to ₹166 Crore: A Remarkable Turnaround in Hospitality
In an impressive display of financial recovery, OYO has reported a sixfold increase in profit, reaching ₹166 crore in Q3 FY25. This remarkable turnaround underscores OYO’s effective cost management, robust revenue growth, and a rebound in the travel and hospitality…
Dhan to Raise $150 Million, Achieving Unicorn Valuation: A New Era for Fintech
In a major boost for India’s fintech landscape, Dhan is set to raise $150 million in its latest funding round, propelling the company into unicorn status. This milestone underscores the market’s growing confidence in Dhan’s innovative approach to personalized wealth…
FirstCry Shuts Down 38 Stores in Q3 FY25: A Strategic Move to Streamline Operations
In a significant operational shift, FirstCry—India’s leading retailer for baby and kids’ products—has shut down 38 physical stores in Q3 FY25. This strategic decision is part of the company’s ongoing efforts to optimize its retail footprint and focus on channels…
FirstCry’s Q3 Turnaround: Loss Narrows by 70% to ₹14.7 Crore
In a notable financial turnaround, India’s leading baby and kids’ products retailer, FirstCry, has slashed its Q3 losses by 70%, reporting a net loss of just ₹14.7 crore in Q3 FY25. This improvement reflects the company’s strategic focus on revenue…
Amazon Surpasses Walmart in Revenue for the First Time: A Retail Revolution?
For the first time in history, Amazon has overtaken Walmart in total revenue, marking a seismic shift in global retail dominance. This milestone highlights the rapid growth of e-commerce, cloud computing, and digital-first retail strategies, redefining the way people shop.…
Snapdragon Chips Capture 10% of the PC Market: A Turning Point for ARM-Powered Laptops?
Qualcomm’s Snapdragon processors have officially secured 10% of the global PC market, marking a significant shift in the dominance of Intel and AMD. With the rise of AI-powered computing, energy-efficient designs, and ARM-based Windows laptops, Snapdragon is making a serious…
