Author: DF Manager

SUMMARY With the extra funding, Healthify closed its Pre-Collection D funding spherical at $45 Mn Healthify would use the recent capital for international enlargement, with deal with foraying into the US market, and advancing its AI capabilities The startup mentioned it has achieved operational profitability in India and is on monitor to develop into EBITDA-positive by the tip of FY25 Bengaluru-based healthtech startup Healthify (previously HealthifyMe) has raised a further $20 Mn to shut its Pre-Collection D spherical at $45 Mn. The spherical was led by present buyers Khosla Ventures and LeapFrog Investments, and likewise noticed participation from new investor…

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SUMMARY In a LinkedIn put up, Hegde stated that The 1% Membership is presently clocking almost $8 Mn in annualised income with an EBITDA of 35-40% With the enterprise panorama evolving quickly, particularly with AI advancing so shortly, the corporate has to make decisions to remain aggressive and environment friendly, stated cofounder Raghav Gupta Based in 2022, The 1% Membership affords academic assets, mentorship, entrepreneurial alternatives and networking avenues to its paid members Finfluencer Sharan Hegde’s monetary edtech platform, The 1% Membership has laid off 15% of its complete workforce as a part of a cost-cutting train.  In a put…

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SUMMARY Infibeam Avenues reported a marginal decline of two.43% in its consolidated revenue after tax (PAT) Sequentially, the corporate’s PAT remained steady with a 0.27% decline from INR 36.2 Cr Income from operations elevated by 27.7% to INR 944.5 Cr in Q2 FY25, in comparison with INR 739.4 Cr within the year-ago interval Funds infrastructure firm Infibeam Avenues reported a marginal decline of 2.43% in its consolidated revenue after tax (PAT), all the way down to INR 36.1 Cr within the September quarter (Q2) of the monetary yr 2024-25 (FY25) from INR 37 Cr in the identical quarter final yr.…

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SUMMARY The corporate is focusing on a supply window of half-hour to 2 hours for choose, high-demand magnificence merchandise Whereas Nykaa will provide sooner supply choices, it received’t compromise the shopper expertise in classes that require extra consideration Regardless of this, Nykaa is eager to capitalise on fast-moving, on a regular basis important SKUs, that are extra suited to fast supply Regardless of the continued quick-commerce frenzy within the nation, magnificence and trend ecommerce main Nykaa just isn’t focussing on 10-minute deliveries. As a substitute, the corporate is focusing on a supply window of half-hour to 2 hours for choose,…

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An Ethereum researcher’s social media put up has sparked hypothesis over a possible resolution for the layer-1 blockchain’s scalability challenges. On Nov. 11, Ethereum researcher Justin Drake posted on X that he would announce an “bold” initiative for Ethereum. Drake mentioned he had contemplated a “from-scratch” redesign of the Ethereum consensus layer, which some interpret as a step towards fixing its scalability points. Supply: Justin Drake The researcher mentioned his purpose can be to recommend a technique to ship a Beacon Chain street map. He’s anticipated to share the proposal at Devcon in Bangkok, Thailand, on Nov. 12. Neighborhood speculates…

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SUMMARY Fintech startup Cashfree Funds has pilot launched cross border funds in partnership with Swiggy, Zepto, Nature’s Basket, Nykaa, Bookmyshow, Redbus and VedantuThis pilot programme caters to UPI and RuPay card customers, which aren’t sometimes recognised for international transactionsThe Bengaluru-based startup additionally obtained RBI’s pay as you go cost instrument (PPI) licence, a couple of weeks in the past, to facilitate buy and fund switch in opposition to a preloaded worth Months after securing the Payment Aggregator Cross Border (PA-CB) licence, fintech startup Cashfree Funds has now joined arms with some main Indian corporations to allow abroad prospects to make…

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SUMMARY IPO-bound logistics startup BlackBuck posted a web revenue of INR 28.67 Cr in Q1 FY25 as towards a web lack of INR 35.93 Cr within the year-ago interval Income from operations jumped practically 55% to INR 92.16 Cr within the reported quarter from INR 59.46 Cr in the identical quarter final 12 months Earlier in the present day, Inc42 reported that BlackBuck has filed a crimson herring prospectus (RHP) to boost as a lot as INR 1,114.72 Cr through its preliminary public providing (IPO) IPO-bound logistics startup BlackBuck posted a web revenue of INR 28.67 Cr within the June…

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The Indian healthcare sector is ailing and it’s possible you’ll ask why. Properly, the nation has a doctor-to-patient ratio of merely 0.7 docs per 1,000 individuals, abysmally decrease than the World Well being Organisation’s (WHO) common of two.5 docs per 1,000 individuals.  Then, there are public hospitals which, albeit inexpensive, are understaffed, poorly outfitted and largely restricted to city areas.  Turning to personal avenues for remedy entails out-of-pocket bills, which may push a household into poverty. As per a NITI Aayog report, 7% of India’s inhabitants, practically 10 Cr individuals, are pushed into poverty yearly as a result of cash…

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SUMMARY The first cause behind the sharp rise within the loss in FY24 was change in honest worth of CCPS and bounce in ESOP and worker bills Physics Wallah additionally readjusted its backside line for FY23 attributable to a change in accounting requirements. It had beforehand reported a web revenue of INR 8.9 Cr in FY23 The startup’s working income surged 2.6X to INR 1,940.4 Cr in FY24 from INR 744.3 Cr within the earlier yr Edtech unicorn Physics Wallah (PW) slipped into the crimson within the monetary yr 2023-24 (FY24), posting a consolidated web lack of INR 1,131.2 Cr.…

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Meals and grocery supply giants, Swiggy and Zomato, are testing numerous providers to diversify past their core operations, sources near the matter shared. Bengaluru-based Swiggy is piloting a brand new providers market known as ‘Yello,’ providing clients entry to professionals resembling legal professionals, astrologers, dieticians, therapists, and health trainers. In response to insiders, this initiative might doubtlessly be hosted inside the primary Swiggy app or as a separate platform. This transfer aligns with Swiggy’s bigger aim of increasing past meals and grocery supply.Swiggy can be exploring a premium membership service named ‘Uncommon,’ catering to prosperous clients with perks like entry to unique occasions…

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