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E Commerce

Pernia’s Pop Up Shop’s Parent Crosses INR 500 Cr Revenue Mark In FY24


SUMMARY

Purple Style Labs’ operating revenue surged 36.4% to INR 507.8 Cr from INR 372.4 Cr in FY23

Despite the increase in revenue, the startup’s loss widened 20% year-on-year to INR 45.7 Cr in FY24

Recently, the startup raised $40 Mn in its Series E funding round from SageOne Flagship Growth OE Fund, Alchemy Long Term Ventures Fund, Sachin Tendulkar, among others

Luxury house of brands startup Purple Style Labs (PSL) saw its operation revenue cross the INR 500 Cr mark in the financial year 2023-24 (FY24). Its top line…



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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