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E Commerce

Nykaa Q3 Profit Zooms 51% To INR 26 Cr


SUMMARY

On a quarter-on-quarter basis, Nykaa’s net profit zoomed 104.1% from INR 12.97 Cr

Revenue from operations jumped 26.87% to INR 2,267.21 Cr in Q3 FY25 from INR 1,788.80 Cr in the year-ago quarter

Including other income of INR 5.53 Cr, the company’s total revenue stood at INR 2,272.74 Cr for the quarter ended December 2024.

Beauty and fashion ecommerce major Nykaa’s consolidated net profit surged 51.3% to INR 26.41 Cr in the third quarter of the financial year 2024-25 (Q3 FY25) from INR 17.45 Cr in the year-ago…



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by Tech In Asia

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SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

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From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link