Author: Ashish Bisht

In a strategic move signaling its readiness to enter the public markets, Indian fintech unicorn Moneyview has officially transitioned from a private limited company to a public limited entity, setting the stage for its much-anticipated initial public offering (IPO). The move was approved during the company’s extraordinary general meeting (EGM) held on May 30, as per filings accessed by Inc42. Backed by marquee investors including Accel, Tiger Global Management, and Ribbit Capital, Moneyview has emerged as a leading digital lending and financial management platform in India. The conversion marks a pivotal milestone in the company’s growth journey and reflects its…

Walmart International CEO Kathryn McLay has reaffirmed Walmart’s long-term commitment to Flipkart, stating that India’s leading ecommerce platform will prioritize market share and sustainable growth over short-term profitability. Speaking at Bernstein’s 41st Annual Strategic Decisions Conference 2025, McLay emphasized that Flipkart’s growth trajectory remains a central focus for the retail giant. “We’re excited about their (Flipkart’s) growth. We are not so focused on profitability that we would trade off market share and growth for the future,” McLay said. “So, (when) you take the balance of all of that, we will get there (achieve profitability) at the right time.” This statement…

Online travel aggregator EaseMyTrip has reported a consolidated net profit of INR 13.9 crore for the fourth quarter of the financial year 2024-25 (Q4 FY25), marking a strong turnaround from a net loss of INR 15.1 crore in the same quarter last year. The loss in Q4 FY24 was primarily due to a one-time expense of INR 72.4 crore, which had negatively impacted the company’s bottom line. Despite the year-over-year improvement in profitability, EaseMyTrip’s Q4 FY25 net profit saw a significant sequential decline of over 59% from INR 34 crore posted in the preceding quarter (Q3 FY25). The drop in…

Oxyzo, a leading fintech unicorn in India, reported an impressive financial performance for the fiscal year ended March 31, 2025 (FY25). The company recorded a 16.71% increase in consolidated net profit, reaching INR 339.15 crore, up from INR 290.57 crore in FY24. This substantial growth underscores the company’s robust operational strategy and expanding foothold in the SME lending space. The Gurugram-based fintech also posted a 33.66% rise in revenue, with its topline reaching INR 1,207.44 crore, compared to INR 903.38 crore in the previous fiscal year. When including other income, Oxyzo’s total income stood at INR 1,210.87 crore, reflecting a…