Zerodha valuation up 50% to ₹87,750 crore
Zerodha, the country’s most popular stock trading app, saw a 50% hike in its valuation to ₹87,750 crore.
To be the fourth-highest among India’s top unlisted companies, by a Bengaluru-based business founded by the Kamath brothers, would be a cause of pride.
It did so without the support of public funding, which impresses many who also chalk it up to the internal resources the company invested.
The rise underscores the vibrancy of Indian startups, buoying attitudes throughout the business community.
Zerodha’s success is an inspiration to dreamers everywhere — a win for homegrown innovation.
Souled Store turn profitable in FY24
Mumbai-based clothing brand The Souled Store, which announced its profitability for FY24 recently, is indeed a reason for celebration for its team as well as those who have been rooting for it.
It posted a profit of ₹18.2 crore, recovering from a loss of ₹16.5 crore in the same period last year. Sales rose 54% to ₹360.2 crore, from ₹233.5 crore, a strong growth that must make its founders hearts melt.
The company sells pop culture-themed clothing and accessories that was launched by four friends in 2013. The turnaround does its champions proud, and shows the long suffering bears fruit after dark days.
Rare Rabbit profit 2.3X to Rs 75 crore in FY24
Bengaluru-based fashion brand Rare Rabbit posted a profit of Rs 75 crore in FY24, more than double from Rs 32 crore the previous year.
This amazing hike, of 2.3 times is hats off to everyone associated with the company – Radhamani Textiles and this 2.3 times growth proves their mettle in the clothing industry.
Revenue increased to Rs 637 crore, a 69 per cent rise over Rs 376 crore in FY23, exciting its cadre and votaries.
Proving hard work truly pays off when the rest of the fashion world struggles, Rare Rabbit was founded in 2015 by Manish and Akshika Poddar. This success brings joy and pride for the home grown label!
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CollegeDekho post Rs 128 cr loss in FY24
CollegeDekho’s parent entity Girnarsoft Education Services Pvt Ltd registers a loss of Rs 128.8 crore in FY24.
This hurts a bit because it reflects only a pittance drop from the Rs 129.1 crore loss the year before. Even as it makes more money this time, the company struggles to staunch the red ink.
It’s a difficult time for the higher education platform, which assists students in college searches, as it pushes to right the ship.
Emotions are running high hope mingles with worry as the team labors to find a clearer path forward.
Jio launch new operating system “JioTele OS”
Jio announces new operating system Jio Tele OS for smart TVs in India! Shows technology enthusiasts around the world are smiling after the company announces the riveting news.
Jio crafts this system to ensure that the experience of watching TV is smooth and enjoyable for everyone.
It promises crisp 4K streaming and intelligent AI recommendations to help you find shows quickly. The announcement comes as people are excited to see Jio partner with brands like Thomson, Kodak, BPL, and JVC to market the TVs starting from 21st Feb 2025.
Jio wants to bring homes and families as much joy as possible with a mega offering of shows, games, and updates at an attractive price. And this gutsy move gives birth to the hopes of better entertainment all over India!
Paytm launch 1st ever solar soundbox
Paytm had launched India’s first solar soundbox, putting joy in merchants heart! And now to the very exciting part: A device that you can charge just by using sunlight and helping small shop owners reduce his electricity bill.
It functions with minimal sun and maintains payments all through the day. It helps hawkers & vendors with a 10 day battery that makes life easier.
This green initiative is something that the Paytm team is proud to offer to these small businesses. Traders rejoice with immediate payment notifications, who anticipates a better tomorrow!
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