Pristyn Care Eyes $100 Mn Funding Amid IPO Plans
- Pristyn Care is in early talks to raise $50-$100 Mn, expected to close by mid-2025, aiming to boost expansion.
- The healthtech unicorn is also gearing up for an IPO within three years, engaging with bankers and global investors.
- Fou...
Namma Yatri Expands to New Cities with Zero Commission
- Namma Yatri plans to expand to 5-6 new cities, including Bengaluru, Chennai, and Kolkata, with integrated auto and metro services by February 2025.
- The zero-commission model aims to enhance driver earnings, with over 7 Cr trips compl...
Mokobara's FY24 Losses Halve Amid Revenue Surge
- Mokobara's FY24 losses nearly halved to INR 4.24 Cr, driven by robust topline growth.
- Revenue from operations surged 120% to INR 117.44 Cr, with total revenue at INR 119.04 Cr.
- Raised $15.6 Mn in FY24, including $12 Mn in Feb 2024 ...
GST Council to Slash Online Food Delivery Tax to 5%
- GST Council may lower tax on online food deliveries to 5% from 18% starting January 2022.
- Foodtech companies like Zomato and Swiggy won't get input tax credit on delivery charges.
- Move follows Maharashtra's directive for Zomato to ...
Govt Probes 642 Offshore Gambling Platforms for Tax Evasion
- The government is investigating 642 offshore online gaming and gambling entities for potential tax evasion, as stated by MoS Pankaj Chaudhary.
- The Ministry of Electronics and IT (MeitY) has been asked to block non-cooperative and non...
CureFit’s FY24 Loss Soars Despite Revenue Growth
- Zomato-backed CureFit's net loss widened by 42% to INR 888.5 Cr in FY24, despite a 33.6% rise in operating revenue to INR 926.6 Cr.
- EBITDA loss surged 123.4% to INR 587.97 Cr, reflecting ongoing profitability challenges.
- Founded in...
CCI Greenlights KKR's Stake Acquisition in Rebel Foods
- The Competition Commission of India approved KKR's proposal to acquire shares and CCPS in Rebel Foods through a secondary transaction.
- KKR plans to buy shares worth $50-$75 Mn from existing investors at a valuation of $800-$860 Mn.
-...
Bluestone's IPO Roadmap and Key Stakeholders
- Bluestone filed its draft red herring prospectus with SEBI to raise over INR 1,000 Cr through an IPO.
- The fresh issue proceeds will be allocated to working capital, corporate purposes, and new stores, while key investors like Accel a...
Zerodha's Revenue Nears INR 10,000 Cr
- Zerodha's revenue surged 37% in FY24, reaching INR 9,372.1 Cr, with profits soaring 89% to INR 5,496.3 Cr.
- Total income, including other sources, rose to nearly INR 10,000 Cr, while expenses only grew by 4%.
- SEBI's new regulations ...
