Author: Business Matters Author

Swiggy Instamart, the quick commerce arm of Indian food delivery giant Swiggy, reported a significant surge in losses for Q4 FY25, driven by increased spending on marketing and the rapid expansion of its dark store network. As competition intensifies in the fast-growing quick commerce segment, Swiggy is focusing on building scale and brand recall—moves that are proving costly in the short term. According to financial disclosures, Swiggy Instamart’s adjusted EBITDA loss widened sharply to INR 840 crore in the fourth quarter, marking a 45.3% increase from INR 578 crore in Q3 FY25. On a year-on-year basis, the loss grew a…

In a significant milestone for India’s edtech sector, Vedantu, one of the country’s pioneering live online tutoring platforms, has achieved profitability in Q4 of FY25, according to co-founder and CEO Vamsi Krishna. The company posted a 67% year-on-year (YoY) growth in collections for the March quarter, reaching INR 90 crore, marking a pivotal moment in its journey toward financial sustainability and long-term growth. A Landmark Quarter for Vedantu Sharing the update via a LinkedIn post, Vamsi Krishna expressed his excitement over the company’s performance, noting that Q4 FY25 was not even the company’s peak quarter. This suggests that the best…

Artificial Intelligence leader OpenAI has rolled out data residency support in India, along with other major Asian markets including Japan and South Korea. This strategic move allows users and organizations in these regions to store their data locally, aligning with national data protection and data sovereignty requirements. With rising concerns about data privacy and regulatory compliance, especially in countries with strict data localization laws, OpenAI’s new data residency offering is a significant step toward building trust and expanding accessibility for its powerful AI tools. Read More :- BlissClub Raises INR 33 Cr in Pre-Series B Round Led by Elevation Capital…

Women-centric direct-to-consumer (D2C) apparel brand BlissClub has successfully raised INR 33 crore in a Pre-Series B funding round. The investment was led by Elevation Capital, with additional participation from Eight Roads Ventures. The funding marks a strategic milestone for the Bengaluru-based startup as it continues to expand its footprint in the women’s activewear and lifestyle apparel market. According to regulatory filings with the Registrar of Companies (RoC), BlissClub’s board approved a special resolution on April 29, 2025, to issue 16,076 compulsory convertible preference shares (CCPS) at a premium price of INR 20,428 per share. The capital infusion is expected to…

In a significant move aligning with Apple’s strategy to diversify its supply chain beyond China, Apple supplier Jabil is reportedly planning to ramp up production of AirPods components in India. The expansion plan involves establishing a second facility in Tiruchirappalli (Trichy), Tamil Nadu, which will further boost the manufacturing of AirPods enclosures—commonly referred to as the plastic bodies of the popular wireless earphones. This development follows Jabil’s earlier move in 2023 to commence manufacturing AirPods components at its facility in Pune, Maharashtra. Since then, Jabil has been actively shipping AirPods enclosures from India to Apple’s assembly hubs in China and…

Reliance Jio, one of India’s leading telecom giants, has reportedly commenced the deployment of its own domestically developed 5G network products across the country. This strategic move marks a significant shift in the company’s approach to building and maintaining its next-generation mobile network infrastructure. By leveraging indigenous technologies, Jio aims to significantly reduce operational costs and decrease its reliance on global network equipment suppliers such as Ericsson and Nokia. Read Also :- Zomato Shuts Down Quick Delivery and Everyday Meal Services Amid Profitability Concerns Since the rollout of 5G in India, Reliance Jio had partnered with international technology providers to…

Zomato, one of India’s leading foodtech platforms, has announced the discontinuation of two of its recently launched services—Zomato Quick and Zomato Everyday. The decision, communicated through a shareholder letter by Eternal, Zomato’s parent company, highlights ongoing challenges in achieving profitability in the competitive and fast-evolving food delivery market. CEO Deepinder Goyal cited unsustainable cost structures and the risk of compromising customer experience as the primary reasons for shutting down these services. Launched just over three months ago, Zomato Quick was positioned as a game-changer in India’s food delivery industry. It promised meal delivery in under 15 minutes, targeting urban customers…

Ola Electric, India’s leading electric vehicle (EV) manufacturer, has officially postponed the deliveries of its much-anticipated electric motorcycle, the Roadster X, by a month. Initially scheduled to begin in April 2025, the deliveries will now start in May 2025, according to the company’s latest stock exchange filing dated April 30. The delay in Roadster X delivery was announced via a formal communication to the bourses, where Ola Electric stated: “With reference to our earlier intimation dated April 11, 2025, we wish to inform that the deliveries of the Roadster X motorcycle will now commence in May 2025.” This marks the…

Urban Company, India’s top home services platform, is preparing for its stock market debut with a ₹1,900 crore initial public offering (IPO). As part of the run-up to this major financial event, the startup’s co-founders — Abhiraj Bhal, Varun Khaitan, and Raghav Chandra — have sold shares worth ₹779.08 crore in secondary market transactions, according to the company’s Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) on April 28. Founders Monetize Equity Through Secondary Deals Between September 2024 and March 2025, each of the three Urban Company co-founders sold shares amounting to nearly…

Mugafi, an innovative AI-powered content creation platform, has successfully raised $3 million (approximately INR 25.5 crore) in its seed funding round. The round was led by early-stage venture capital firm StartupXseed and saw participation from notable investors including Auxano, Proneur Network, Mars Shot Ventures (the venture capital arm of Razorpay founders), Beyond Venture Partners, and We Founder Circle. Founded in 2020 by Vipul Agrawal, Mugafi aims to empower writers and filmmakers by offering advanced AI-driven tools to streamline and enhance the content creation process. The company’s flagship product, Ved, acts as a virtual co-writer. It helps content creators brainstorm ideas,…