In a remarkable display of growth, Groww Invest-Tech Private Limited, the stockbroking arm of the fintech giant Groww, reported a staggering Rs 2,900 crore in revenue for FY24, a 2.4X increase from the previous year. Even more impressive is the company’s profit surge, which skyrocketed to Rs 298 crore—more than four times what it earned in FY23. This news underscores not just the success of…
Bengaluru-based Groww, now the largest stock broking firm in India by active investors, has just reported an impressive financial performance for the fiscal year ending March 2024. The company’s revenue more than doubled to ₹2,900 crore, up from ₹1,295 crore in the previous year. Its net profit also saw a significant leap, soaring to ₹298 crore from just ₹73 crore in FY23.
This growth…
Indian startups are back in the spotlight, with funding skyrocketing to $3.4 billion in the third quarter of 2024, doubling from last year’s $1.7 billion. This exciting rebound comes after a tough financial period, showing that the startup ecosystem is ready for a fresh wave of investment.
In Q3 2024, 262 deals were made, a 28% increase from 205 in the same quarter last year. The number of…
In the ever-evolving landscape of remote work, Microsoft has stepped into the spotlight by reassuring its employees that there are no immediate plans for a mandatory return to the office, unlike some of its tech counterparts. This announcement comes amidst growing tensions in the corporate world regarding remote work policies.
A Shift in Workplace Dynamics
Microsoft has been one of the companies…
Drone technology startup IG Drones has successfully raised $1 million in its first funding round, led by India Accelerator with contributions from various angel investors. This investment is just the beginning, as IG Drones aims to secure an additional $3 million within the next six months to broaden its reach in India and beyond.
Meet the Founders
Founded in 2018 by Bodhisattwa Sanghapriya and Om…
Drone technology startup IG Drones has successfully raised $1 million in its initial funding round, spearheaded by India Accelerator and supported by various angel investors. This funding marks a significant step forward for the startup, which is also gearing up to raise an additional $3 million over the next six months to expand its operations both in India and on a global scale.
Who Are the…
Formality, a promising platform dedicated to intelligent contract management for clients and suppliers, has successfully raised €8 million in its latest funding round. This initial round attracted significant investments from leading venture capital firms Partech and Serena, alongside €2.4 million from BPI, the Bank of Public Investment.
Founded by a team of seasoned entrepreneurs—including…
In an exciting move for the AI community, Durk Kingma, one of the co-founders of OpenAI, has announced he’s joining Anthropic. Kingma shared the news through a series of posts on X, highlighting his enthusiasm for the new role while revealing he’ll primarily be working remotely from the Netherlands.
Kingma didn’t specify which part of Anthropic he’ll be joining or leading, but he expressed…
In a proactive move aimed at shielding retail investors, the Securities and Exchange Board of India (SEBI) has introduced a series of new regulations designed to curb speculative trading in the derivatives market. These changes come in response to the alarming losses that many retail investors have experienced in futures and options (F&O) trading, prompting the need for tighter…
Whatfix, a leading digital adoption platform, has successfully raised $900 million in its Series E funding round, spearheaded by private equity giant Warburg Pincus, with additional support from existing investor SoftBank Vision Fund 2. This new capital is set to fuel the company’s expansion into markets across the US, EMEA (Europe, the Middle East, and Africa), and APAC (Asia-Pacific)…
