Zoomcar prices $9.15M private placement at $4.28 per unit

Zoomcar has announced the pricing of a private placement with certain institutional investors. A NASDAQ-listed marketplace for self-drive car sharing, Zoomcar expects an aggregate gross cash proceeds of $9.15 million, before…

Continue ReadingZoomcar prices $9.15M private placement at $4.28 per unit

Lenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago

Omnichannel eyewear retailer Lenksart managed to rein in its losses by 84% in FY24 to Rs 10.15 crore against a loss of Rs 63.7 crore in the previous year. The Peyush…

Continue ReadingLenskart pares losses by 84% in FY24, revenue grows 43% as opposed to being doubled a year ago

Hero Electronix’s Tessolve to acquire Germany-based Dream Chip Technologies for up to Rs 400 Cr

Tessolve, a Hero Electronix venture specialising in semiconductor engineering solutions, is set to fully acquire Germany-based Dream Chip Technologies, a semiconductor chip design firm, for a consideration of up to…

Continue ReadingHero Electronix’s Tessolve to acquire Germany-based Dream Chip Technologies for up to Rs 400 Cr

Zeta India’s profits jump 5.4X to Rs 120 Cr on rising revenues and lower costs

Zeta India parent Better World Technologies Private Limited's profits soared in FY24, fueled by rising revenue and a leaner expense structure.Profit after tax (PAT) reached Rs 119.82 crore in FY24,…

Continue ReadingZeta India’s profits jump 5.4X to Rs 120 Cr on rising revenues and lower costs

Bitcoin surges to all-time high amidst US presidential election

Bitcoin on Wednesday touched an all-time high, rising 7% to $75,060, as the presidential elections heat up in the United States. This surpasses the bitcoin's previous peak of $73,750 on October 29. According…

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GalaxEye secures $10M Series A funding from MountTech, Infosys, and others

Spacetech startup Galaxeye has raised $10 million in Series A funding led by MountTech Growth Fund – Kavachh as a strategic investor. The round also saw participation from Mela Ventures,…

Continue ReadingGalaxEye secures $10M Series A funding from MountTech, Infosys, and others

Salesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B

Customer relationship management-focused Salesforce's Indian unit has witnessed a 40% jump in FY24 net profit at Rs 888.3 crore.The San Francisco, US-headquartered company's revenue in FY24 grew 36% to Rs…

Continue ReadingSalesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B

Ratan Tata, Nandan Nilekani’s Avanti Finance reports narrower loss as revenue rises 2.3X in FY24

Ratan Tata and Nandan Nilekani's Avanti Finance's standalone revenue from operations for the year ended March 31, 2024 rose 2.3X to Rs 240.40 crore, leading to a smaller loss in…

Continue ReadingRatan Tata, Nandan Nilekani’s Avanti Finance reports narrower loss as revenue rises 2.3X in FY24