Burma Burma Serves Up a Delicious Financial Win
Iconic vegetarian restaurant chain Burma Burma has cooked up its best-ever financial performance yet — crossing the Rs 100 crore revenue mark in FY25 while narrowing losses by a massive 78%.
Known for introducing diners to the rich and comforting flavors of Burmese cuisine, the pan-Asian eatery is now not only a crowd favorite but also a growing…
A New Era for Indian Startups
In a bold move that challenges the traditional startup narrative, Titan Capital, co-founded by Snapdeal veterans Kunal Bahl and Rohit Bansal, has introduced the Indicorns 2025 List. This initiative aims to spotlight Indian startups that have achieved profitability and crossed the ₹100 crore revenue mark, emphasizing sustainable growth over inflated valuations.
What…
Amazon India has just made a huge announcement that’s set to shake up the e-commerce game for small and medium-sized businesses across the country. In a bold move to support local sellers, the giant retailer has decided to eliminate its referral fee on products priced below Rs 300. This means that millions of sellers will no longer have to pay a commission to Amazon when selling low-priced…
Snapdeal, the popular e-commerce platform based in Gurugram, has made impressive strides in the fiscal year 2024. Despite facing tough competition in India’s fast-paced e-commerce market, the company has trimmed its losses significantly, boosted its revenue, and is on a clear path toward profitability. Let’s dive into the details of Snapdeal’s financial performance in FY24 and what this…
Orange Health, a fast-growing healthcare and diagnostics startup, has successfully raised $12 million in its latest funding round. The investment was led by Amazon’s Smbhav Venture Fund, with significant participation from existing backers including Accel, General Catalyst, Bertelsmann India Investments, and Y Combinator. This new round brings the total funds raised by the company to over $47…
PB Fintech’s stock surged over 4% after CEO Yashish Dahiya announced plans for a $100 million investment to acquire a 30% stake in a new healthcare company, pending board approval. This strategic move aims to address the significant gap between healthcare costs and affordability for the average Indian.
Brokerage firm Bernstein has maintained an ‘outperform’ rating for PB Fintech, setting a…
In a groundbreaking initiative, Titan Capital, India’s premier seed-stage venture capital firm founded by Kunal Bahl and Rohit Bansal, has introduced “Indicorns”—an innovative index highlighting the most profitable startups in the country. This new classification moves beyond the traditional unicorn focus on valuation to emphasize sustainable profitability and long-term business…
PhonePe, the Walmart-backed fintech giant, has announced a significant milestone by turning profitable for the fiscal year 2024, excluding costs related to employee stock options (ESOPs). The company reported a profit after tax (PAT) of ₹197 crore, excluding ESOP expenses, marking a dramatic turnaround from a loss of ₹738 crore in FY23.
In a statement released on Monday, PhonePe highlighted…
MobiKwik, the digital financial services platform, has marked a significant achievement by reporting its first-ever full-year profitability for FY24 after 15 years of operating at a loss. The company announced a Profit After Tax (PAT) of ₹14.08 crore, a substantial turnaround from the ₹83.81 crore loss in FY23. This milestone has boosted MobiKwik’s confidence as it prepares for its Initial…
