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E Commerce

Delhivery Q3 Profit Jumps 114% To INR 25 Cr


SUMMARY

Sequentially, net profit surged 145% from INR 10.20 Cr

Revenue from services rose over 8% to INR 2,378.29 Cr in Q3 FY25 from INR 2,194.46 Cr in the year-ago quarter

EBITDA declined marginally to INR 102 Cr during the quarter under review from INR 109 Cr in Q3 FY24

Logistics major Delhivery’s consolidated net profit zoomed 114% to INR 24.98 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 11.70 Cr in the year-ago quarter on the back of strong growth in its revenue.

Sequentially, net profit Source link

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