OYO to invest $200 mn in India & Southeast Asia ops this year

Vijayakumar Pitchiah

Hospitality unicorn OYO has committed to invest Rs 1,400 crore (around $200 million) in its Indian and Southeast Asian operations ....

12 March, 2019

LimeRoad narrows losses in FY18 on 78% revenue spike

Kavya Kothiyal

Gurugram-based A.M. Marketplaces Pvt. Ltd, which runs social commerce platform LimeRoad, significantly narrowed its losses despite ....

27 February, 2019
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Flipkart losses widen five times on finance costs from down-round

Vijayakumar Pitchiah

Homegrown e-commerce major Flipkart’s losses widened five times chiefly on account of finance costs from a down-round even ....

26 February, 2019

Singaporean video-streaming firm Bigo to invest $100 mn in India over three years

Vignesh Ananthraj

Singapore-based video streaming tech company Bigo Technology Pte. Ltd has announced plans to invest over $100 million (Rs 714 ....

18 February, 2019

Foodpanda struggles to find growth recipe as loss widens in FY18

Vijayakumar Pitchiah

Food delivery platform Foodpanda India’s net loss for the year through March 2018 widened five times, thanks partly to service ....

6 February, 2019

UPI transactions in January set new record, BHIM transactions fall to 9-month low

Binu Paul

Even as the volume and value of Unified Payments Interface (UPI) transactions continued to scale new heights, transaction volumes ....

6 February, 2019
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Logistics firm Rivigo posts 78% rise in operating revenue; loss more than doubles for FY18

Vijayakumar Pitchiah

Gurugram-based tech logistics platform Rivigo Services Pvt. Ltd posted a 78% rise in its operating revenues even as net losses ....

24 January, 2019

Uber India clocks 27% rise in revenue, 40% jump in profit for FY18

Kavya Kothiyal

The India unit of US-based ride-hailing app Uber saw a significant jump in its revenue and profit for the financial year ended ....

22 January, 2019

MobiKwik reports wider losses even as revenues more than double

Dearton Thomas Hector

Digital payments firm MobiKwik, owned by One MobiKwik Systems Pvt. Ltd, has reported wider loss for the financial year ended March ....

4 January, 2019

Zoomcar posts 31% rise in FY18 operating revenue, loss widens

Binu Paul

Self-drive car rental startup Zoomcar India Pvt. Ltd reported a significant rise in operating revenue for the year through March ....

4 January, 2019
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PayPal India posts 12 times increase in revenue for FY18, loss up a bit

Dearton Thomas Hector

PayPal Payments Pvt. Ltd, the Indian arm of US-based digital payments company PayPal Holdings Inc., posted a little over 12 times ....

3 January, 2019

BigBasket’s wholesale arm posts 35% rise in revenue for FY18, narrows losses significantly

Kavya Kothiyal

Online food and grocery store BigBasket’s wholesale business posted a 35% year-over-year rise in its operational revenues ....

3 January, 2019

Budget hospitality chain OYO unveils staff stock option buyback

Vijayakumar Pitchiah

Former and current staffers of Gurugram-based Oravel Stays Pvt. Ltd, which owns budget hospitality chain OYO, are set for a bonanza ....

28 December, 2018

Facebook India posts 40% rise in net profit, revenue up 52%

Payal Ganguly

Facebook India recorded a 40% jump in its net profit to Rs 57 crore for the financial year 2017-18, from Rs 40.7 crore a year ....

26 December, 2018

PayU India revenue for FY18 almost doubles

Payal Ganguly

Naspers-owned PayU Payments Pvt. Ltd almost doubled its revenue to Rs 588 crore for the financial year ended March 2018, according ....

26 December, 2018

Nasscom to use members’ CSR funds for re-skilling engineers in blockchain, AI, robotics

Anand J

National Association of Software and Services Companies (Nasscom) has said that its non-profit social arm will use members' ....

13 December, 2018

Direct overseas listing proposed with eye on cheaper money for startups

Ankit Doshi

A panel constituted by market regulator Securities and Exchange Board of India (SEBI) has proposed "direct" listing ....

5 December, 2018

OYO in talks to raise funding from Singapore ride-hailing firm Grab

Kavya Kothiyal

Budget hospitality chain OYO is in advanced discussions to raise $100 million (Rs 697.7 crore) from Singapore-based ride-hailing ....

3 December, 2018

Car wash startup CleanseCar raises more money

Kavya Kothiyal

CleanseCar, a mobile-based platform which offers daily car wash services, has raised Rs 3.5 crore (around $500,000) in angel funding ....

14 November, 2018

Weak rupee, import duties resulting in flat India sales for Apple: CEO Cook

Anand J

The rupee depreciation and import duties have made Apple product imports costlier, resulting in flat sales in India, chief executive ....

2 November, 2018

Mobile payments firm Ezetap posts wider loss, 3% rise in operating revenue for FY18

Kavya Kothiyal

Cellphone payments service provider Ezetap Mobile Solutions Pvt. Ltd reported a marginal increase in operating revenue while net ....

31 October, 2018