Author: Business Matters Author

Healthtech startup makeO, the parent company of the dental technology platform Toothsi, has marked a significant milestone by reducing its consolidated net loss by 32.08% to INR 149.58 Cr in FY24, compared to INR 220.25 Cr in the previous fiscal year. This improvement can be attributed to a marked improvement in the company’s EBITDA margin, signaling positive progress in its financial and operational performance. The startup also saw a rise in operating revenue, and despite facing losses, it is showing potential for future growth. Also Read:- AWS to Invest $8.3 Billion in Cloud Infrastructure Across Maharashtra by 2030 Revenue Growth…

Amazon Web Services (AWS) has announced plans to invest a substantial $8.3 billion (INR 68,000 crore) in cloud infrastructure in Maharashtra by 2030. This strategic move will significantly enhance AWS’s cloud services capacity in India and solidify the state’s position as a global technology hub. The investment is part of a broader vision to expand AWS’s data center footprint across the country, benefiting various sectors, including government, education, healthcare, and businesses. Also Read:- Amazon India Consumer Electronics Head Ranjit Babu Resigns Amid Restructuring Efforts Partnership with the Maharashtra Government The announcement was made official on January 22, when AWS and…

ArisInfra Solutions, a prominent player in the B2B e-commerce sector for construction materials, has successfully concluded its pre-IPO placement, securing INR 80 crore through the issuance of 36.03 lakh equity shares at INR 222 per share. This achievement marks a pivotal moment in the company’s growth trajectory as it sets the stage for its highly anticipated Initial Public Offering (IPO). The placement, which follows approvals granted by the Securities and Exchange Board of India (SEBI) for the company’s INR 579.60 crore IPO, is a strategic move designed to fuel ArisInfra’s growth and expansion in the competitive market of construction materials.…

Mumbai-based on-demand service platform Snabbit has successfully secured $5.5 million (approximately INR 47.6 crore) in a Series A funding round, which was led by Elevation Capital. Existing investor Nexus Venture Partners also participated in the round, alongside prominent angel investors, including Meesho cofounders Vidit Aatrey and Sanjeev Barnwal, Unacademy cofounder Gaurav Munjal, and Spinny’s founder Niraj Singh. This significant funding milestone will allow Snabbit to expand its operations, enhance its service offerings, and reach more customers across Mumbai. Founded with a Vision to Simplify Everyday Chores Founded in 2024 by Aayush Agarwal, who previously served as chief of staff at…

Global Expansion Strategy: Tapping into Emerging Fintech Hubs Indian fintech giant Paytm, under the leadership of its founder Vijay Shekhar Sharma, is actively pursuing its ambitious plan to expand its operations beyond India. In a recent announcement, the company revealed plans to establish three new subsidiaries in key international markets: the UAE, Saudi Arabia, and Singapore. This move is part of Paytm’s overarching strategy to diversify its revenue streams and solidify its presence in emerging global fintech hubs. The company will be setting up these subsidiaries under its wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), which will act as the…

1. The Evolution of Food Delivery: From Convenience to Speed In 2008, Zomato revolutionized how people accessed restaurant menus, but it wasn’t until 2014 when Swiggy introduced door-to-door delivery, that the food delivery experience truly changed. What began as a way to easily browse food options quickly became an integral part of people’s lives. Over time, the focus on food delivery evolved, and the demand for instant gratification took center stage. Fast-forward to today and food delivery services are no longer just about convenience—they’re about speed. Companies are now racing to offer food within 10 to 15 minutes, a shift…

Logistics unicorn Delhivery has recently announced the allotment of 7,71,269 equity shares under its various Employee Stock Option Plans (ESOPs), further enhancing employee ownership and participation in the company. This significant move reflects the company’s ongoing commitment to incentivizing and rewarding its employees, aligning their interests with its long-term growth and success. The company’s shareholders approved the allotment of shares in a meeting held on December 8, 2024. Breakdown of the Allotment The 7.71 lakh equity shares, each with a face value of INR 1, were issued due to the exercise of vested stock options. The shares were allotted under…

Fambo, an innovative agritech startup, has successfully raised INR 21 Crore (approximately $2.4 million) in a seed funding round led by EV2 Ventures. The fresh capital will enable the company to expand its operations across India, establish an export vertical, invest in cutting-edge technology, and build a larger network of partner farms. This funding comes as a significant milestone for Fambo, which was founded in 2022 by Akshay Tripathi and Sudarshan Satle. Connecting Farmers with Businesses using Fambo Fambo operates as a unique platform designed to bridge the gap between farmers and businesses in the food industry, particularly Quick Service…

Swiggy, one of India’s leading foodtech platforms, has announced a significant expansion of its quick commerce vertical, Instamart, to 76 cities across the country. The rapid growth of Instamart reflects the increasing demand for ultra-fast delivery services and positions Swiggy as a major player in the burgeoning quick commerce sector. Additionally, the company has revealed plans to launch a standalone Instamart app, enabling users to access its quick commerce services more efficiently and conveniently. Launched in August 2020, Instamart was born out of the COVID-19 pandemic, when there was a massive surge in demand for contactless, on-demand delivery services. Initially…

ePlane Company and Tata Consultancy Services (TCS) have officially joined forces to bring a new wave of innovation to the electric air mobility (EAM) industry. This groundbreaking partnership aims to accelerate the development of cutting-edge technologies that will redefine the future of sustainable aviation. As the world increasingly turns to green solutions to combat climate change, electric air mobility is emerging as a promising alternative to traditional fossil fuel-powered aircraft. By combining ePlane’s expertise in electric aircraft design with TCS’s strength in digital transformation and technology integration, this partnership is set to drive the next era of eco-friendly aviation. Electric…