Author: Business Matters Author

PharmEasy-owned diagnostics platform Thyrocare Technologies has posted strong financial results for the fourth quarter of the financial year ended March 2025 (Q4 FY25). The company reported a 25.6% year-on-year (YoY) increase in consolidated net profit, reaching INR 21.6 crore, compared to INR 17.2 crore in the same quarter last year. This surge in profitability reflects the company’s growing efficiency and strong demand for diagnostic services across its network. The impressive growth comes despite increasing competition in the diagnostics sector and indicates Thyrocare’s successful efforts in scaling operations and enhancing service delivery. Revenue Growth Reflects Strong Market Demand Thyrocare also recorded…

Google’s Parent Company Looks to Strengthen Local Supply Chain with Indian Manufacturing Partners In a significant move that underscores India’s growing importance in global electronics manufacturing, Alphabet Inc., the parent company of Google, is reportedly in advanced discussions to shift a portion of its Pixel smartphone production from Vietnam to India. According to a recent report by The Economic Times, Alphabet has already completed the initial round of talks with two major contract manufacturers in India—Dixon Technologies and Foxconn—marking a strategic push towards localizing hardware production. This development comes at a time when major global tech players are seeking to…

The move reflects Nykaa’s continued focus on rewarding and retaining talent through employee stock ownership schemes Nykaa, the beauty and fashion e-commerce giant, has announced the allotment of 17,010 equity shares under its Employee Stock Option Plans (ESOPs) through its parent company, FSN E-Commerce Ventures Ltd. In a filing to the stock exchanges on April 18, 2025, the company stated that the allotment was made following the exercise of vested stock options by eligible employees. This latest ESOP allotment signifies Nykaa’s ongoing strategy to incentivize its workforce and align employee interests with the long-term success of the company. Based on…

Good Monk, a Bengaluru-based nutrition-focused D2C startup, has successfully raised $2 million (approximately ₹17 crore) in a Pre-Series A funding round led by RPSG Capital Ventures. The round also saw continued support from existing investors including Multiply Ventures, Sharrp Ventures, and ThinKuvate, highlighting strong investor confidence in the startup’s growth and innovation strategy. Revolutionizing Everyday Nutrition Founded in 2022 by the husband-wife duo Amarpreet Singh Anand and Sahiba Kaur, Good Monk aims to solve a growing problem in India—nutritional deficiency in daily diets. The startup offers science-backed nutritional mixes that can be added to everyday meals without altering their taste,…

Indian logistics unicorn Xpressbees reported a rise in its consolidated net loss for the fiscal year ending March 31, 2024 (FY24), even as it posted a strong top-line performance. The company, which began as the logistics arm of FirstCry, saw its losses widen by 10.8% year-on-year, reaching ₹199.9 crore, up from ₹180.4 crore in FY23. Continued Losses Amid Rising Revenues While Xpressbees has consistently shown growth in revenue—thanks to a booming e-commerce and D2C market in India—the company has not yet achieved profitability. The uptick in losses signals growing operational costs and competitive pressures in the last-mile delivery and logistics…

In a strategic move to strengthen its presence in the growing natural and Ayurvedic baby care sector, FMCG giant ITC Limited has announced its decision to acquire an additional 73.5% stake in Mother Sparsh Baby Care. This acquisition, which will take place over a period of 2–3 years, will make Mother Sparsh a wholly-owned subsidiary of ITC. The move underscores ITC’s commitment to diversifying its portfolio and tapping into the rapidly expanding Direct-to-Consumer (D2C) market for natural baby care products. About Mother Sparsh: A Leader in Ayurvedic Baby Care Mother Sparsh Baby Care, founded in February 2016 by Himanshu Y…

Nothing Before Coffee (NBC), a rapidly growing quick service restaurant (QSR) chain, has raised $2.3 million (approx. INR 19.7 Cr) in a pre-Series A funding round led by Prath Ventures, with additional participation from SYL Investments. The Jaipur-based startup is now set to expand its footprint aggressively across India and explore innovative store formats as it eyes tier-II and tier-III towns. Founded in 2017 by Jain, Akshay Kedia, Shubham Bhandari, and Anand Jain, NBC has established itself as a go-to destination for coffee lovers. The company currently operates over 85 outlets across 35 cities in India and has even made…

Users Unable to Book Rides in Delhi NCR, Mumbai, and Bengaluru India’s electric ride-hailing startup BluSmart appears to be facing serious operational hurdles, as the company has suspended its cab scheduling services across all its operating cities — Delhi NCR, Mumbai, and Bengaluru. Users trying to book cabs via the BluSmart app are met with a message stating that “no slots are available”, and are subsequently redirected to the homepage, sparking concern among regular commuters and industry watchers. Read Also :- OfBusiness Secures INR 100 Cr from Cornerstone Ventures Ahead of 2025 IPO to Fuel SME Growth Revenue Impact: Scheduled…

In a significant move ahead of its much-anticipated IPO, B2B commerce unicorn OfBusiness has raised INR 100 crore (approximately $11.7 million) from Cornerstone Ventures. The funding comes as the startup prepares to go public in the second half of 2025, highlighting its ongoing commitment to empowering small and medium enterprises (SMEs) across India. Strategic Funding Ahead of IPO This latest investment is part of Cornerstone Ventures’ $200 million second fund, which made its first close at $40 million in January 2025. The VC firm plans to reach its second close by the end of this year. The fund is focused…

In a bold move aimed at redefining mobile connectivity convenience, Zomato-owned Blinkit has teamed up with Bharti Airtel to offer 10-minute SIM card delivery across 16 Indian cities. This partnership marks a significant milestone in the rapid commerce space, blending hyperlocal delivery capabilities with essential telecom services. Read Also :- Nandan Nilekani Highlights Challenges of Scaling AI in Enterprises and Public Sector Announced by Blinkit cofounder and CEO Albinder Dhindsa on social media platform X (formerly Twitter), the service promises lightning-fast delivery of Airtel SIM cards to customers’ doorsteps. The offering includes options for new prepaid and postpaid connections, as…