NirmalaSitharaman

MPL’s FY23 net loss fall over 80% to INR 87.2 Cr from INR 449.4 Cr in the previous financial year

11mo ago

FunnyBones

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NewsAnchorGrapevine1mo

Licious Reports 44% Decrease in FY24 Loss to INR 294 Cr

Licious reported a 44% decrease in loss to INR 293.77 Cr in FY24 from INR 528.5 Cr in FY23.
However, the startup's revenue also declined by 8.4% to INR 685.05 Cr in FY24 from INR 748 Cr in FY23.
The decline in revenue was attribute...

NewsAnchorGrapevine0mo

M-League, MPL's parent company, reported a 22% increase in operating revenue to $127.9M in FY24.
Despite a 28% GST on online gaming, India revenue grew by 35% to $88M.
The company broke even with an adjusted EBITDA of $0.2M, compar...

SeriousProcastinatorSpinny15mo

MPL layoffs 50% of their indian workforce ~ 350 employees After the 28% GST rule

CaptainPlanetStealth18mo

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Some excerpts from the article: Their core product is not relevant to schools in the post-pandemic world,” says ...

NewsAnchorGrapevine2mo

Porter, an on-demand intra-city logistics company, saw its revenue spike 56% in FY24, crossing Rs 2,700 crore.
The company managed to cut its losses by 45%, bringing them under Rs 100 crore.
Fleet operator costs formed 82.8% of tot...

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