Inc42

• 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 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 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 ...

• 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...

• 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...

• 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 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 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 ...

Seeing all well raised AMA's going around I thought maybe people can also learn from the failure & life after that failure, So should i do it? Context: Reached to the top 30's by inc42.

• Sidharth Bhakoo has been promoted to Chief Business Officer - Food Marketplace at Swiggy, after serving as VP and national business head.
• Bhakoo joined Swiggy in 2018 and has held multiple roles, contributing significantly to regiona...