BookMyShow on Tuesday reported a 43.2% rise in revenue helped by rising income from live events along with rising demand from its online ticket booking services. It reported a revenue from operations of Rs 1,396.8 crore in the year ended March 31, compared to Rs 975.51 crore in the previous year. The company also reported a nearly 28% rise in profits to Rs 108.63 during the period. However, expenses for the period rose to Rs 1,319.8 crore compared to Rs 940.9 crore in the previous year as the company saw a rise in stock-in trade expenses as well as employee…
Author: DF Manager
On Wednesday, OpenAI CEO Sam Altman posted a simple URL on X: chat.com. It automatically routes to ChatGPT.Previously, the domain was owned by Dharmesh Shah, the founder and CTO of HubSpot. In early 2023, Shah purchased chat.com for $15.5 million. However, just a few months later, he announced that he had sold the domain, though he wouldn’t disclose the details of the sale or the buyer. Notably, he did confirm that he sold the domain for more than he had originally paid for it.“The reason I bought chat.com is simple: I think Chat-based UX (#ChatUX) is the next big thing in software.…
SUMMARY The fintech major is eyeing a valuation of INR 15,000 Cr ($1.78 Bn) to INR 22,500 Cr ($2.6 Bn) The company plans to finalise as many as four merchant bankers to helm its public issue by January 2025 The move to list on the stock exchanges comes a year after InCred’s lending arm entered the unicorn club after raising a $60 Mn Series D round led by Ranjan Pai. Fintech unicorn InCred Financial Services has set its public listing plans into motion and reportedly plans to raise INR 4,000 Cr (about $470 Mn) to INR 5,000 Cr (about $590…
As many as five more firms, including DHL, have submitted their applications to the government to set up ecommerce export hubs in the country and a decision on this is expected soon, a senior official said. Logistics aggregator Shiprocket and air cargo handling company Cargo Service Centre (CSC) have already been selected by the government on a pilot basis to set up these hubs in the country. “We have received five more applications, including from DHL and Lexship. Of the five, we have shortlisted three. We are going to decide on these applications soon,” the official said. Two of the…
The contemporary business environment is teeming with information, to the extent that managing this vast trove of knowledge can be a daunting task. Recognizing the critical role that information plays in success, forward-thinking organizations are diligently adopting knowledge management strategies. Knowledge management is not just about storing information; it’s about unlocking the full potential of an organization’s intellectual assets. By systematizing and sharing expertise, companies can streamline processes, foster innovation, and maintain a competitive edge. Below, we explore the multifaceted benefits that knowledge management affords to organizations.Attendees in a conference room focused on a video discussing effective knowledge management practices.Unlocking…
SUMMARY The rise in loss came despite the startup’s operating revenue growing 33.6% to INR 926.6 Cr in FY24 from INR 693.7 Cr in FY23 However, profitability seems to be a challenge for the startup as EBITDA loss rose 123.41% to INR 587.97 Cr during the fiscal under review from INR 263.2 Cr in FY23 Founded in 2016, CureFit runs physical fitness platform Cultfit, mental health platform Mindfit, primary care vertical Care.fit, among others Zomato-backed fitness startup CureFit’s consolidated net loss for the financial year ending March 2024 (FY24) widened 42% to INR 888.5 Cr from INR 625.5 Cr in…
Birla Institute of Management Technology (BIMTECH) Greater Noida, a leading Business School in India, is at the forefront of fostering start-up growth under the SAMRIDH program, an initiative by Ministry of Electronics and Information Technology (MeitY). Through this program, AIC-BIMTECH has supported eight startups, five of which have successfully secured ₹2 crores in funding from MeitY. The funded 5 startups are:Cunomial, Credit Siddhi, Origin Connect, Transport Simple, and Vacus. This achievement underscores the program’s pivotal role in fostering innovation and entrepreneurship, contributing to an aggregated valuation of ₹75 crores, and driving economic growth towards the vision of Viksit Bharat 2047.Dr. Prabina Rajib, Director, BIMTECH stated “SAMRIDH program has…
India’s festive season, especially Diwali, is known for bringing joy, celebration, and a shopping surge that lights up households across the country. According to a report by Datum, the Diwali season saw a Gross Merchandise Value (GMV) of approximately Rs 100,000 crore (around $12 billion) across online platforms—a 23% jump from the previous year. But behind the scenes of this record-breaking rush is the immense pressure faced by e-commerce sellers as customers place their orders last minute due to their busy schedules. For small and medium-sized businesses, this presents both an opportunity for growth and the challenge of meeting the…
Mindless Networking is useless; you need meaningful connections with handpicked individuals who can become lifelong friends in your startup journey. Skip boring panel talks & self-promotional startup events—it’s time for you to attend one of India’s first Conceptual Startup Events, Startup Valley to take your skills, connections, and startup to the next level.“Startup Valley” 🚀 is one of India’s most innovative events and while we won’t ruin the surprise by revealing everything, here’s what you’ll gain from this transformative experience! – Get Action Points to work on our startup when you go back home 🧠- Find your co-founder or core…
Kem chho Amdavad?! 😎 Ending the year on a high, GrowthStart is launching its Ahmedabad Chapter with a Growth Meetup in the city! This is your chance to meet marketers, founders and growth professionals of Ahmedabad over a cup of piping hot coffee, discuss ideas and network with the best minds in town. Your hosts for the day will be:👉🏻 Sanadh Srivastava, Co-Founder, GrowthStart👉🏻 Darshit Sanghani, Marketing Officer, Odoo👉🏻 Surendra Varma, Founder & CEO, Emgage HR No entry free, just register for it and save the date. PS: Since this is a free-for-all event, attendees will bear the cost of…