Your-Space’s FY24 revenue, expenses increase by about 20%, losses widen

 Delhi-headquartered startup Your-Space, which provides accommodation to college and university students, on Monday posted a 21% rise in its operating revenue in FY24 to Rs 142.69 crore from Rs 117.16 crore…

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Whatfix rolls out $58M liquidity event for employees and investors

SaaS major Whatfix has announced its fourth liquidity programme worth $58 million. The Bengaluru-based company has offered an ESOP (employee stock ownership programme) buyback for employees and a secondary sale…

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Yulu turns EBITDA-positive, crosses annual recurring revenue of $30M

Electric mobility company Yulu has reached profitability in earnings before interest, taxes, depreciation, and amortisation (EBITDA) and has crossed an annual recurring revenue of $30 million.EBITDA is a metric that…

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RuPay launch in Maldives, new runaway at airport to ease transaction, boost connectivity

The inauguration of a new runaway in the Maldives built under an airport redevelopment project assisted by India and the official launch of the RuPay card in the island nation…

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Northern Arc launches Finserv AIF Fund; targets Rs 1,500 Cr corpus, 6 sectors

Non-banking financial company (NBFC) Northern Arc has launched its performing credit AIF fund (Category II)—‘Finserv Fund’—through its subsidiary, Northern Arc Investment Managers (NAIM).The fund aims to raise a target corpus…

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Unacademy promotes Arooshi Singh to Head of HR amid management changes

Edtech firm Unacademy has elevated Arooshi Singh to Head of HR, as the company continues to undergo top-level management changes.During her seven-year tenure at the edtech firm, Singh has held…

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Manish Tiwary to take over as MD of Nestle India; Suresh Narayanan to retire in 2025

FMCG major Nestle India on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires…

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