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E Commerce

Loss Surges 3X YoY To INR 189 Cr


SUMMARY

As per its DRHP, Pernia’s Pop-Up Shop saw its losses balloon by 295% in FY25 to INR 188.6 Cr from INR 47.7 Cr

Meanwhile, its top line shrink in FY25 by 3% to INR 490 Cr from INR 504.4 Cr operating revenue reported in FY24

The company’s loss surged on account of an exceptional item expense of INR 122.8 Cr in the fiscal year

IPO-bound Pernia’s Pop-Up Shop parent Purple Style Labs plunged deeper into loss in the run up to filing its draft red herring prospectus with the markets regulator SEBI.

The company’s draft…



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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