Stanza Living, a managed accommodation platform for students and working professionals, reported profitability in FY25 after several years of losses, aided largely by significant non-operating income. However, the company’s core operating revenue declined during the same period. According to consolidated financial statements filed with the Registrar of Companies (RoC), Stanza Living’s revenue from operations fell 6.6% to ₹545.5 crore in FY25 from ₹584 crore in FY24. Other Income Drives Profitability The company generates revenue primarily from managed accommodation services for students and young professionals relocating to major cities. This remained its sole operating income stream. Including non-operating income of ₹278.5…
Author: Adarsh Kumar
Motilal Oswal Home Finance has secured $100 million in debt financing from the Asian Development Bank to expand lending in the affordable housing segment, with a particular focus on women borrowers and environmentally sustainable housing projects. The funding has been raised in rupee equivalent terms through non-convertible debentures (NCDs). The transaction highlights continued interest from global development finance institutions in India’s affordable housing market. Focus on Women Borrowers According to the company, a large portion of the capital will be used to provide affordable housing loans to women borrowers. The initiative aims to improve access to home ownership for women…
Moneyboxx Finance, a BSE-listed NBFC focused on financing underserved micro and small entrepreneurs in rural and semi-urban India, has raised ₹33.4 crore through a preferential equity allotment to strengthen its capital base and accelerate growth. The company allotted 44 lakh equity shares with a face value of ₹10 each at an issue price of ₹76 per share, including a premium of ₹66 per share. With this round, Moneyboxx Finance has raised a total of ₹303.9 crore in equity capital since its inception. Promoters and Existing Investors Back the Round According to the company, the entire equity raised in FY26 has…
Pune based agritech platform AgroStar reported steady growth in FY25, crossing ₹850 crore in operating revenue while significantly reducing its losses during the fiscal year ended March 2025. According to consolidated financial statements filed with the Registrar of Companies (RoC), AgroStar’s operating revenue grew 14.2% year-on-year to ₹853 crore in FY25 from ₹747 crore in FY24. Product Sales Drive Majority of Revenue AgroStar operates a full stack agritech platform that provides farmers with access to agri inputs such as seeds, crop protection products, and crop nutrition solutions. The company also leverages AI-driven advisory and expert guidance to improve farmer engagement…
Bengaluru based seafood supply chain startup Captain Fresh has acquired Spain based tuna processor Frime, strengthening its position across key global seafood categories. Founded in 1977 and headquartered in La Roca near Barcelona, Frime specialises in premium yellowfin tuna and supplies retail and foodservice customers across 33 countries. The company generates more than €180 million (around $213 million) in revenue and holds over 20% share of Europe’s yellowfin tuna market. Expanding Global Processing Capabilities The acquisition significantly enhances Captain Fresh’s processing footprint in Europe while expanding its multi-species seafood portfolio. Frime currently operates four production sites spanning seven factories, with…
Petcare startup Supertails reported a 68% year-on-year surge in operating revenue in FY25, crossing the ₹100 crore milestone. However, continued investments in growth and expansion led to a 28% increase in net losses during the fiscal year ended March 2025. According to filings with the Registrar of Companies (RoC), Supertails’ revenue from operations rose to ₹108.3 crore in FY25 from ₹64.6 crore in FY24. Products Remain Core Revenue Driver Founded in 2021 by Varun Sadana, Aman Tekriwal, and Vineet Khanna, Supertails operates as a full-stack digital platform for pet care. The app offers over 30,000 products across pet food, treats,…
Managing Director of Air India Express, Aloke Singh, will step down on March 19 upon completion of his tenure at the Tata Group-owned airline. In a message to employees, Singh said, “After 5 extraordinary years, my tenure at AIX will conclude on March 19th. I could not be prouder of what we built and who we became in building it.” Quoting Sufi poet Rumi, he described the airline’s journey as “without parallel.” Leadership Across Two Ownership Eras Singh joined the then government owned Air India Express as Chief Executive Officer on November 9, 2020. He was appointed Managing Director for…
Bootstrapped herbal wellness brand Blue Tea reported a 46% year-on-year rise in operating revenue to ₹37 crore in the fiscal year ended March 2025, while remaining profitable. The company is now projecting ₹65 crore in revenue for FY26, signalling continued momentum in India’s fast-growing wellness beverage market. Speaking about the performance, co-founder Nitesh Singh said the growth was driven by higher order frequency and deeper channel penetration. The brand also recorded a 68% increase in annual recurring revenue (ARR), reflecting stronger repeat consumption. India contributed nearly 80% of total revenue, with international markets accounting for the rest. While profit saw…
India’s digital payments network National Payments Corporation of India (NPCI) reported 20.39 billion Unified Payments Interface (UPI) transactions in February 2026, reflecting a decline from 21.70 billion transactions recorded in January. Month-on-Month Dip, Year-on-Year Growth The 6% sequential decline in transaction volume was largely attributed to February having fewer days compared to January. On a year-on-year basis, however, UPI volumes rose 27%, underscoring continued structural growth in digital payments adoption. In value terms, UPI transactions amounted to ₹26.84 lakh crore in February, down 5.3% from ₹28.33 lakh crore in January. Compared with February last year, transaction value increased 22% YoY.…
OpenAI has announced a massive $110 billion funding round, valuing the ChatGPT maker at an estimated $840 billion, underscoring the extraordinary surge in global investment in artificial intelligence. The blockbuster round includes: The fundraising comes ahead of OpenAI’s anticipated mega IPO later this year. Amazon Deal: $50 Billion and 2 GW Compute Commitment Amazon will initially invest $15 billion, followed by an additional $35 billion subject to certain conditions being met. As part of the agreement: Microsoft Relationship Remains Intact Despite Amazon’s expanded partnership, OpenAI confirmed that its relationship with Microsoft remains unchanged. Nvidia’s Role It remains unclear whether Nvidia’s…