After delivering a sharp 2.3X growth in FY24, direct-to-consumer menswear brand Snitch managed to sustain its momentum in FY25, doubling its scale, crossing the Rs 500 crore revenue mark and remaining close to breakeven despite rising costs. Snitch’s revenue from operations surged to Rs 498 crore in FY25 from Rs 241 crore in FY24, according to its annual financial statements sourced from the Registrar of Companies (RoC). The performance underscores the brand’s ability to scale rapidly in India’s crowded D2C fashion market without letting losses spiral. Founded in 2020 by Siddharth Dungarwal, Snitch focuses on trendy, fast fashion menswear and…
Author: Adarsh Kumar
Fintech unicorn CRED showed clear signs of operational tightening in FY25, reporting steady revenue growth while sharply reducing its core losses a shift that reflects the company’s growing focus on efficiency over pure scale. CRED’s operating revenue rose 16% year-on-year to Rs 2,735 crore in FY25, according to a company release. More importantly, operating losses declined 51% to Rs 298 crore, marking one of the strongest improvements in its cost structure since inception. At the operating level, CRED’s gross margins remained strong at around 70%, indicating that the underlying business continues to generate healthy contribution margins. However, the company remained…
Space surveillance and intelligence startup Digantara has touched a post money valuation of around $200 million (₹1,740 crore) following its recently announced $50 million Series B funding round led by Reliance. While the Bengaluru based company did not disclose valuation details at the time of announcing the fundraise, regulatory filings sourced from the Registrar of Companies (RoC) show that Digantara issued 8,451 Series B preference shares at an issue price of ₹5,14,793 each, raising a total of ₹435 crore (approximately $50 million). Reliance Business Ventures led the round with an investment of ₹261 crore, accounting for nearly $30 million. 360…
Tata Mutual Fund has crossed the 5% shareholding threshold in CarTrade Tech after acquiring additional shares through open market transactions. According to a regulatory disclosure, Tata Asset Management Company, acting on behalf of its mutual fund schemes, purchased 90,522 equity shares of CarTrade on January 28, 2026. Holding crosses regulatory threshold Following the transaction, Tata Mutual Fund’s aggregate holding in CarTrade rose to 23,99,962 shares, representing 5.0163% of the company’s total equity. Prior to the acquisition, Tata Mutual Fund held 23,09,440 shares, equivalent to 4.8271% stake in the online auto classifieds platform. Multiple schemes participate in open market buy The…
Foodtech and quick commerce major Swiggy reported strong top-line growth in the third quarter of FY26, even as losses widened amid aggressive expansion across logistics and quick commerce. The Bengaluru based company’s operating revenue jumped 54% year-on-year to Rs 6,148 crore in Q3 FY26, compared with Rs 3,993 crore in Q3 FY25, according to its consolidated financial disclosures. Scootsy Logistics drives topline growth Scootsy Logistics emerged as the largest contributor, accounting for 48% of Swiggy’s operating revenue during the quarter. Revenue from Scootsy surged 76% YoY to Rs 2,981 crore in Q3 FY26 from Rs 1,693 crore a year ago,…
India’s economic growth continues to be driven by its major urban centres, with Mumbai and Delhi NCR expected to remain the country’s largest contributors to gross domestic product (GDP) in 2026. Mumbai is projected to top the list with an estimated GDP of ₹25.73 lakh crore, reinforcing its position as India’s financial capital. The city’s economy is anchored by financial services, capital markets, media, entertainment and a strong services sector, supported by a deep talent pool and robust infrastructure. Close behind is Delhi NCR, with a projected GDP of ₹24.37 lakh crore. The region’s economic strength stems from a diversified…
Shares of Vedanta extended their strong rally on Thursday, hitting a fresh record high of ₹759.30 on the BSE during intra-day trade, even as broader markets remained subdued. At around 12:32 PM, the BSE Sensex was down 0.17% at 82,206, while Vedanta’s stock was trading higher for the sixth consecutive session, rising nearly 13% during this period. Strong momentum across time frames Over the past one month, Vedanta’s share price has surged 28%, while in the last six months, the stock has jumped 72%, sharply outperforming the Sensex, which has gained just 1% during the same period. The sharp rally…
Meerut-based transformer manufacturer Kanohar Electricals has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The proposed public issue comprises a fresh issue of equity shares worth up to ₹300 crore and an offer for sale (OFS) of up to 14.59 million shares by promoter entity K Sons Family Trust, according to the DRHP. Use of IPO Proceeds Kanohar Electricals plans to deploy the net proceeds from the fresh issue primarily towards capacity expansion and working capital requirements. As per the filing: ₹130 crore…
Non-bank lender Mahindra & Mahindra Financial Services on Wednesday reported a 10% year-on-year decline in consolidated net profit to ₹826 crore for the quarter ended December 2025 (Q3 FY26), impacted by one-time adjustments related to the new labour code. The company had reported a consolidated net profit of ₹918 crore in the corresponding quarter last year. On a standalone basis, profit after tax declined 10% to ₹810 crore, compared with ₹899 crore in Q3 FY25. Labour Code Impact and Adjusted Profit Mahindra Finance said the implementation of the new labour code resulted in a one-time impact of ₹97 crore during…
Deep-tech startup Vimag Labs has raised $5 million in a funding round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company said the fresh capital will be used to accelerate commercialisation of its patented virtual magnet synchronous motor platform, while also expanding its engineering and manufacturing capabilities. What Vimag Labs Builds Co-founded in September 2025 by Manish Seth and Piyush Desai, Bengaluru based Vimag Labs is developing magnet free electric motor technology aimed at reducing dependence on rare earth metals, which are subject to supply chain concentration and price volatility. Instead of permanent magnets, Vimag’s motors…