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E Commerce

Mamaearth Shares Zoom 9% Post Q3 Results


SUMMARY

The company reported a consolidated net profit of INR 26.02 Cr in Q3 FY25), a marginal 0.4% increase from INR 25.90 Cr in the year-ago quarter. However, sequentially it recovered from an INR 18.58 Cr loss

At 11:15 AM, the stock’s market capitalisation stood at INR 7,240.33 Cr with as many as 46 Lakh shares trading hands by then. 

The D2C major has witnessed a 7% upsurge in its stock value in the last 5 days at the current market price, even after reporting its fresh all-time low figure Yesterday

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by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

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

by INC42

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