Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Siblings start fuel delivery biz, targets ₹100 Cr revenue in 2 yrs
short by Rashaad / on Friday, 29 March, 2024
Fuel Genie, founded by siblings Jai and Aishwarya, is reshaping the fuel delivery industry with a tech-driven solution. Leveraging their family's expertise, they developed an innovative platform for hassle-free fuel delivery. Customer-focused, they quickly gained traction, serving 30+ clients and completing 150+ deliveries within a month. Fuel Genie projects ₹100 Cr revenue in the next two FYs.
read more at Startup Pedia
Pic of crying Zomato delivery agent after his account was blocked goes viral
short by Shalini ojha / on Friday, 29 March, 2024
A picture of a crying Zomato delivery agent whose account was allegedly blocked has gone viral. The X user, who met the agent near Delhi's GTB Nagar, said the latter's sister was due to get married. "He told me he didn't eat anything," the post that garnered over 3 million views read. Subsequently, Zomato said it would look into it.
read more at Free Press Journal
GST officials seek to block 60 offshore gaming platforms: Report
short by Ashley Paul / on Friday, 29 March, 2024
GST authorities have urged the IT Ministry to block 60 more offshore online gaming platforms as it seeks to restrict entities not complying with India's registration laws, NDTV Profit reported. These are in addition to the 60 platforms already facing similar action. Indian Cybercrime Coordination Centre is reportedly also investigating 50 platforms for not adhering to government's mandate.
read more at NDTV Profit
BYJU’S offers compromise to warring investors in rights issue
short by Pratham Nagpal / on Friday, 29 March, 2024
Amid the ongoing hostilities between BYJU’S and its key investors, founder Byju Raveendran has told its shareholders that the embattled edtech giant’s board is considering an offer for its disgruntled investors to participate in its rights issue. BYJU'S move to raise $200 Mn via the rights issue at a 99% valuation cut has been opposed by some of its investors.
read more at Inc42 Media
Mamaearth parent introduces colour cosmetics range with ‘Staze’
short by Pratham Nagpal / on Friday, 29 March, 2024
D2C unicorn Mamaearth’s parent, Honasa Consumer, has forayed into the color cosmetics segment with the launch of a new brand, Staze. In a statement, the company said that the launch of the new product line is aimed at filling a “critical gap” in the color cosmetics market in India.
read more at Inc42 Media
PhonePe enables UPI payments for Indians travelling to the UAE
short by Pratham Nagpal / on Friday, 29 March, 2024
PhonePe on Thursday (March 28) said its users can now make digital payments in the UAE. Facilitated by UPI, the service will only be available at Mashreq Bank’s NEOPAY terminals. Under this, users can simply scan the QR code, and the account will be debited in INR at current currency exchange rates.
read more at Inc42 Media
Showcase your AI startup to India’s most influential AI leaders
short by Pratham Nagpal / on Friday, 29 March, 2024
Inc42 is opening the stage for four native AI startups at The GenAI Summit in Bengaluru on April 3, 2024, to showcase their work in the field of AI and ML. Startups would have the opportunity to showcase and demo their tech and products to a highly curated and exclusive audience of 250+ individuals who are driving GenAI in India.
read more at Inc42 Media
IPO-bound Swiggy posts $207 Mn loss in Apr-Dec 2023
short by Pratham Nagpal / on Friday, 29 March, 2024
IPO-bound Swiggy’s loss reportedly stood at $207 Mn during the first nine months of the financial year FY24. In contrast, the decacorn reported a net loss of INR 4,179.3 Cr in FY23, per MCA filings. A source claims that reduced marketing spending and employee costs will help the company slash its net loss for the full year ending March 2024.
read more at Inc42 Media
60+ GenAI startups putting India on the global AI map
short by Pratham Nagpal / on Friday, 29 March, 2024
According to Inc42, India’s GenAI market is expected to see a major boom in the coming years and is projected to cross the $17 Bn mark by 2030. In line with the growing market opportunity in this space, we have endeavored to collate a list of Indian startups that are causing a stir in the rapidly evolving Indian GenAI space.
read more at inc42.com
Swiggy records ₹4,180-crore loss in FY23 ahead of IPO: Report
short by Ashley Paul / on Friday, 29 March, 2024
Swiggy recorded a loss of $500 million (about ₹4,180 crore) in FY23, Reuters reported citing internal documents of the food delivery startup. The SoftBank-backed startup, which could list by 2024-end, recorded loss of $207 million (about ₹1,730 crore) in the April-December 2023 period. Swiggy's revenue in first nine months of FY23 stood at $1.02 billion (about ₹8,501 crore).
read more at Moneycontrol
Load More