Swiggy saw its losses almost double in Q4, dragged down by heavy spending on quick commerce. IntegriMedical is eliminating risks associated with traditional injections with its N-FIS technology. Saleswomentoring aims to help women to advance and thrive in sales.
Business, it is said, is war without bullets. Amid the tense India-Pakistan conflict, investors are betting big on India’s military prowess, with some defence stocks seeing a double-digit surge on the bourses. Drone maker Ideaforge Technology’s shares hit the upper 20% circuit on Friday. Meanwhile, the shares of Bharat Dynamics, the manufacturer of ammunition and missile systems, rose 5.79% on the NSE as it ramps up production. The Indian financial ecosystem is erring on the side of caution.
The Department of Financial Services has asked banks to strengthen their internal systems to deal with any cybersecurity threats, ensure uninterrupted services, and maintain enough cash in ATMs. Also, the Department for Promotion of Industry and Internal Trade has expanded the Credit Guarantee Scheme for Startups, doubling the guarantee cover limit to Rs 20 crore per borrower and increasing the guarantee coverage. From India’s financial landscape to the Vatican’s.
The newly elected Pope Leo XIV has a big task ahead of cleaning up the Holy See’s finances, and he may as well use his degree in mathematics. ICYMI: When Pope Leo XIV visited India. Elsewhere, asset management firm Vanguard has pegged Ola parent’s valuation between $1.4-1.5 billion, trimming down the value of its holdings amid rising competition. In today’s newsletter, we will talk about.
The cost of Swiggy’s growth Taking the pain out of healthcare Breaking glass ceilings in sales Here’s your trivia for today: Which movie holds the record for featuring the most number of extras? Quick Commerce The cost of Swiggy’s growth Food delivery and quick commerce platform Swiggy saw its losses almost double in the fourth quarter as heavy spending on quick commerce further dragged down the company’s bottom line.
Swiggy Instamart, which competes with quick commerce unicorn Zepto and market leader Blinkit, more than doubled its operating revenue to Rs 689 crore, rising for the third consecutive quarter. However, the growth came at a cost, with the segment’s losses widening to Rs 770 crore from Rs 272 crore in the last year and Rs 527 in the previous quarter. Widening losses: Sriharsha Majety-led Swiggy saw its losses widen to Rs 1,081 crore from Rs 553.6 crore in the previous year.
On a quarter-over-quarter basis, the company’s losses grew by 35% from Rs 799 crore. During the quarter, Swiggy’s Dineout business turned profitable with earnings of Rs 23 crore, an improvement from a loss of Rs 8 crore in the previous quarter. Additionally, the company is evaluating a potential shift to an inventory-led model for its quick commerce arm but is unlikely to make an inorganic move in the near term, according to group CFO Rahul Bothra.
Source: YourStory
#healthcarestartupindia #dseidehealthcarenetwork
Business, it is said, is war without bullets. Amid the tense India-Pakistan conflict, investors are betting big on India’s military prowess, with some defence stocks seeing a double-digit surge on the bourses. Drone maker Ideaforge Technology’s shares hit the upper 20% circuit on Friday. Meanwhile, the shares of Bharat Dynamics, the manufacturer of ammunition and missile systems, rose 5.79% on the NSE as it ramps up production. The Indian financial ecosystem is erring on the side of caution.
The Department of Financial Services has asked banks to strengthen their internal systems to deal with any cybersecurity threats, ensure uninterrupted services, and maintain enough cash in ATMs. Also, the Department for Promotion of Industry and Internal Trade has expanded the Credit Guarantee Scheme for Startups, doubling the guarantee cover limit to Rs 20 crore per borrower and increasing the guarantee coverage. From India’s financial landscape to the Vatican’s.
The newly elected Pope Leo XIV has a big task ahead of cleaning up the Holy See’s finances, and he may as well use his degree in mathematics. ICYMI: When Pope Leo XIV visited India. Elsewhere, asset management firm Vanguard has pegged Ola parent’s valuation between $1.4-1.5 billion, trimming down the value of its holdings amid rising competition. In today’s newsletter, we will talk about.
The cost of Swiggy’s growth Taking the pain out of healthcare Breaking glass ceilings in sales Here’s your trivia for today: Which movie holds the record for featuring the most number of extras? Quick Commerce The cost of Swiggy’s growth Food delivery and quick commerce platform Swiggy saw its losses almost double in the fourth quarter as heavy spending on quick commerce further dragged down the company’s bottom line.
Swiggy Instamart, which competes with quick commerce unicorn Zepto and market leader Blinkit, more than doubled its operating revenue to Rs 689 crore, rising for the third consecutive quarter. However, the growth came at a cost, with the segment’s losses widening to Rs 770 crore from Rs 272 crore in the last year and Rs 527 in the previous quarter. Widening losses: Sriharsha Majety-led Swiggy saw its losses widen to Rs 1,081 crore from Rs 553.6 crore in the previous year.
On a quarter-over-quarter basis, the company’s losses grew by 35% from Rs 799 crore. During the quarter, Swiggy’s Dineout business turned profitable with earnings of Rs 23 crore, an improvement from a loss of Rs 8 crore in the previous quarter. Additionally, the company is evaluating a potential shift to an inventory-led model for its quick commerce arm but is unlikely to make an inorganic move in the near term, according to group CFO Rahul Bothra.
Source: YourStory
#healthcarestartupindia #dseidehealthcarenetwork
Swiggy saw its losses almost double in Q4, dragged down by heavy spending on quick commerce. IntegriMedical is eliminating risks associated with traditional injections with its N-FIS technology. Saleswomentoring aims to help women to advance and thrive in sales.
Business, it is said, is war without bullets. Amid the tense India-Pakistan conflict, investors are betting big on India’s military prowess, with some defence stocks seeing a double-digit surge on the bourses. Drone maker Ideaforge Technology’s shares hit the upper 20% circuit on Friday. Meanwhile, the shares of Bharat Dynamics, the manufacturer of ammunition and missile systems, rose 5.79% on the NSE as it ramps up production. The Indian financial ecosystem is erring on the side of caution.
The Department of Financial Services has asked banks to strengthen their internal systems to deal with any cybersecurity threats, ensure uninterrupted services, and maintain enough cash in ATMs. Also, the Department for Promotion of Industry and Internal Trade has expanded the Credit Guarantee Scheme for Startups, doubling the guarantee cover limit to Rs 20 crore per borrower and increasing the guarantee coverage. From India’s financial landscape to the Vatican’s.
The newly elected Pope Leo XIV has a big task ahead of cleaning up the Holy See’s finances, and he may as well use his degree in mathematics. ICYMI: When Pope Leo XIV visited India. Elsewhere, asset management firm Vanguard has pegged Ola parent’s valuation between $1.4-1.5 billion, trimming down the value of its holdings amid rising competition. In today’s newsletter, we will talk about.
The cost of Swiggy’s growth Taking the pain out of healthcare Breaking glass ceilings in sales Here’s your trivia for today: Which movie holds the record for featuring the most number of extras? Quick Commerce The cost of Swiggy’s growth Food delivery and quick commerce platform Swiggy saw its losses almost double in the fourth quarter as heavy spending on quick commerce further dragged down the company’s bottom line.
Swiggy Instamart, which competes with quick commerce unicorn Zepto and market leader Blinkit, more than doubled its operating revenue to Rs 689 crore, rising for the third consecutive quarter. However, the growth came at a cost, with the segment’s losses widening to Rs 770 crore from Rs 272 crore in the last year and Rs 527 in the previous quarter. Widening losses: Sriharsha Majety-led Swiggy saw its losses widen to Rs 1,081 crore from Rs 553.6 crore in the previous year.
On a quarter-over-quarter basis, the company’s losses grew by 35% from Rs 799 crore. During the quarter, Swiggy’s Dineout business turned profitable with earnings of Rs 23 crore, an improvement from a loss of Rs 8 crore in the previous quarter. Additionally, the company is evaluating a potential shift to an inventory-led model for its quick commerce arm but is unlikely to make an inorganic move in the near term, according to group CFO Rahul Bothra.
Source: YourStory
#healthcarestartupindia #dseidehealthcarenetwork
