Author: Business Matters Author

Nykaa, one of India’s leading beauty and fashion e-commerce platforms, has witnessed a significant surge in its stock price following the company’s optimistic financial update for the third quarter (Q3) of the fiscal year 2024-25. On January 6, 2025, Nykaa’s shares rose by 5.21% to reach INR 176.50 during the intraday trading session, reflecting positive investor sentiment driven by its strong Q3 performance projections. However, the stock later pared some of the gains and was trading at INR 174.80 per share at the time of writing, with a market capitalization of INR 49,975 crore. The boost in Nykaa’s stock price…

Lenskart, the popular omnichannel eyewear retailer, is set to follow in the footsteps of a growing list of tech and e-commerce companies preparing to go public. The company, led by Peeyush Bansal, is in early talks with bankers to kickstart its Initial Public Offering (IPO) process, according to recent reports from Moneycontrol. Lenskart, which has become a household name in India for its eyewear products, is targeting a valuation of $7 to $8 billion through the IPO, with plans to raise between $750 million and $1 billion. The eyewear giant is positioning itself to list on Indian stock exchanges towards…

In a landmark move to propel India’s rapidly growing startup ecosystem, the recently established Startup Policy Forum (SPF) has entered into a strategic partnership with the Department for Promotion of Industry and Internal Trade (DPIIT). This collaboration is set to amplify innovation, drive technology adoption, and boost India’s manufacturing capabilities, positioning the country as a hub for global investors and ecosystem enablers. India’s startup ecosystem has emerged as one of the most dynamic in the world, ranking as the third-largest in the global startup landscape. The nation’s vibrant entrepreneurial spirit, coupled with a thriving technology-driven economy, has given rise to…

Ecom Express Appoints Kammal Daas as Vice President of Operations Ecom Express, an emerging logistics startup that is preparing for its IPO, has made a strategic move by appointing Kammal Daas as its new Vice President of Operations, Last Mile. In this newly created role, Daas will be at the forefront of driving operational efficiency within the company, with a particular emphasis on enhancing the last-mile delivery process. This appointment underscores the company’s commitment to scaling its operations and ensuring that it continues to provide top-tier logistics solutions to its customers, especially as it prepares to enter the public market.…

Xiaomi India, the leading technology company known for its smartphones and innovative tech products, has appointed Sandeep Singh Arora as its new Chief Business Officer (CBO) as part of its ambitious plans for strategic growth and expansion in the Indian market. This significant move signals the company’s continued efforts to strengthen its position in India, a key market for Xiaomi’s global operations. Arora brings with him over three decades of experience in managing and growing consumer brands, and his extensive expertise will be crucial in driving Xiaomi’s business development initiatives and bolstering its market presence. Also Read:- Policybazaar’s Parent PB…

Policybazaar’s Parent PB Fintech Hits Record High, Market Value Nears $12 Billion Shares of PB Fintech, the parent company of the popular insurtech platform Policybazaar, surged over 5% during early trading hours on January 2, 2025, marking a new all-time high of INR 2,230 per share on the Bombay Stock Exchange (BSE). Despite some intraday volatility, the stock held onto substantial gains, settling at INR 2,197.40 by 2:58 PM. This price rally is part of an impressive upward trajectory in the stock’s performance, which has seen it close in the green in 8 out of the last 12 trading sessions.…

Klassroom Edutech Secures Pre-Series A Funding to Expand AI-Driven Education Platform Klassroom Edutech, a fast-growing player in the Education OTT space, has successfully raised an undisclosed amount in its Pre-Series A funding round. The investment was led by ah! Ventures and saw participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund. This funding marks a significant milestone in the startup’s journey to revolutionize the way educational content is consumed across India and internationally. Founded with the goal of transforming the education sector through technology, Klassroom has developed an AI-driven platform that offers a wide range of educational content…

BluSmart, an electric vehicle (EV) ride-hailing service provider, has officially announced its entry into the Mumbai market, with operations beginning on January 1. The startup, known for its environmentally-friendly services, took to X (formerly Twitter) to share the news, revealing that the initial phase of the rollout will be limited to an exclusive invite-only group of users. BluSmart’s decision to launch in a phased manner indicates its commitment to providing quality services, ensuring that the system runs smoothly before being made accessible to the wider public. The company’s social media posts conveyed their excitement: “After months of dedication and hard…

Tata Group’s Vision for Job Creation: 5 Lakh Manufacturing Jobs by 2030 In a bold move aimed at strengthening India’s manufacturing sector, Tata Sons chairman N. Chandrasekaran has revealed an ambitious plan to generate five lakh manufacturing jobs across several high-tech industries by 2030. This vision, outlined in his annual letter to employees, underscores the Tata Group’s commitment to advancing India’s position as a global hub for critical industries, including batteries, semiconductors, electric vehicles (EVs), and solar equipment. The Growth of Key Industries Chandrasekaran’s letter highlights the Tata Group’s focus on creating new manufacturing facilities to cater to industries that…

Amagi’s Financial Performance in FY24: Strong Revenue Growth and Improved Margins Amagi, a media-focused Software-as-a-Service (SaaS) unicorn, showcased impressive financial performance in the fiscal year 2023-24 (FY24), driven by significant revenue growth and improved operating efficiencies. The company reported a consolidated net loss of INR 245 crore, marking a reduction of 23.72% compared to INR 321.2 crore in FY23. This decline in losses was attributed to a notable improvement in Amagi’s EBITDA margin, signaling a strong operational turnaround. Also Read:- Univest Secures $10 Million in Series A Funding to Build Stock Market Superapp for Retail Investors Strong Revenue Growth One…