Digital automotive marketplace Cars24 reported steady improvement in financial efficiency in the first half of FY26, delivering double-digit revenue growth while significantly reducing losses, even as overall vehicle transaction volumes remained largely flat. According to the company’s performance update, adjusted net revenue rose 18% year-on-year to ₹651 crore in H1 FY26. During the same period, adjusted EBITDA loss narrowed 36% YoY to ₹162 crore, driven by tighter cost control and higher automation. Cost Discipline Drives Margin Improvement Operating expenses remained broadly flat at ₹719 crore, despite revenue growth, highlighting improved operating leverage. The company said increased automation and tighter execution…
Author: Adarsh Kumar
Bengaluru-based men’s apparel brand The Indian Garage Co more than doubled its operating scale in FY25, even as rising costs pushed the company into losses during the year. The company’s operating revenue jumped 100% to ₹204 crore in FY25, up from ₹101.5 crore in FY24, according to financial statements filed with the Registrar of Companies (RoC). Including other income, total income stood at ₹207 crore, compared with ₹103 crore a year earlier. The Indian Garage Co operates a direct-to-consumer model, designing and selling men’s apparel across the mass-premium segment through its in-house brands. Sales of apparel products remained its sole…
The Coca-Cola Company on Wednesday announced a major leadership reshuffle as part of a broader reorganisation under incoming global chief executive Henrique Braun, aimed at sharpening focus on high growth markets across Asia, Africa and the Middle East. As part of the changes, Sanket Ray, president of the India and Southwest Asia operating unit, has been given additional responsibilities. Effective March 31, Ray will also oversee operations across Greater China and Mongolia, as well as Japan and South Korea, significantly expanding his regional mandate. Coca-Cola said it is creating two new market groupings that will report directly to Braun. The…
Debt investment platform Wint Wealth has raised ₹250 crore (around $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India, marking one of the notable wealthtech raises in recent quarters. The round also saw participation from existing investors Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. The funding was earlier reported, along with details around the company’s valuation. Prior to this round, Wint Wealth had raised about $22 million (₹173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. Its previous $17 million Series A round included a tranche…
Gurugram-based digital car services platform Park+ continued its steady scale-up in FY25, reporting strong revenue growth while keeping losses largely unchanged during the year ended March 2025. According to its financial statements filed with the Registrar of Companies (RoC), Park+’s operating revenue increased 34% year-on-year to ₹175 crore in FY25, compared to ₹131 crore in FY24. Service-Led Business Drives Revenue Growth Founded by Amit Lakhotia, Park+ offers a wide range of services for car owners, including parking solutions for residential societies, malls and offices, car cleaning, challan payments, insurance management and vehicle servicing. Over the years, the company has expanded…
Global semiconductor revenue surged to a record $793 billion in 2025, rising 21% year-on-year, driven by explosive demand for artificial intelligence (AI) chips, according to preliminary estimates from Gartner. AI-linked semiconductors including processors, high-bandwidth memory (HBM), and networking components accounted for nearly one-third of total chip sales last year. Gartner said the momentum remains strong, with AI infrastructure spending projected to cross $1.3 trillion in 2026. NVIDIA emerged as the biggest beneficiary of the AI boom, widening its revenue lead over Samsung Electronics by $53 billion in 2025. The US chipmaker became the first semiconductor company to surpass $100 billion…
Bengaluru-based coffee first beverage QSR brand Drickle (formerly BONOMI) has raised nearly Rs 6 crore in a seed funding round, backed by a group of angel investors and startup operators. The round saw participation from Param Kandhari, Naresh Krishnaswamy, Abhinav Mathur, Hemanshu Jain, Vinay Bhopatkar, Vaibhav Sisinty, Dalvir Suri, and Rishit Jhunjhunwala. Media entrepreneur Shaili Chopra also invested through startup platform Ideabaaz. Earlier in April 2025, Drickle had raised Rs 5.3 crore, with an additional Rs 50 lakh coming in later as an extension via Ideabaaz. The latest infusion strengthens the brand’s early stage capital base as it focuses on…
The central government is considering changes to its incentive framework for electric passenger car manufacturing as it evaluates the potential impact of an India–European Union (EU) free trade agreement (FTA), according to a media report. Officials believe the proposed trade deal could lower import duties on electric vehicles (EVs), reducing the attractiveness of the current incentive structure for global automakers to manufacture in India. The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI), approved in March 2024, has so far failed to attract any applications despite being operational for over a year. The scheme was designed to…
Game production and live services startup Liquidnitro Games has raised $19.1 million in a Series A funding round led by Northpoint Capital, with participation from existing investor Nexus Venture Partners. The Hyderabad-based company had earlier raised $5.25 million in a seed funding round in March 2024, led by Nexus Venture Partners, with backing from angel investors across the US, Canada, Europe, and India. Liquidnitro plans to deploy the fresh capital to scale its AI-enabled game production and live services platform, expand co-investment partnerships with global publishers, and strengthen its presence across international markets. Founded in December 2023 by former Electronic…
Healthtech company Innovaccer has completed an employee stock ownership plan (ESOP) buyback worth ₹600 crore (around $75 million), providing liquidity to current and former employees holding vested stock options. According to a media report, the buyback benefited an undisclosed number of employees holding restricted stock units (RSUs), marking one of the larger ESOP liquidity events in India’s SaaS and healthtech space this year. The ESOP buyback follows Innovaccer’s $275 million Series F funding round, which comprised both primary and secondary capital. The round saw participation from marquee investors including B Capital, Kaiser Permanente, and Generation Investment Management, strengthening the company’s…