Cafe chain Chai Point to launch IPO next year
Chai Point, a popular Indian café chain, has plans of launching its IPO next year. The money will be used by the company to invest in its business and increase the customer line.
Famous for its tea and snacks, Chai Point has been a steady performer through the years. The IPO will allow investors to participate in its journey.
It’s a strong statement by the brand of its growth and its plans going forward. People are curious to find out how this move will influence how the company moves forward.
Cricbuzz launch ‘Cricbuzz11′, enter Fantasy Gaming
Just in time for the cricketing season, Cricbuzz has recently announced their own fantasy gaming platform; ‘Cricbuzz11’.
It’s not the first time a station has jumped into the popular world of fantasy sports. What Sets Dream11 Apart In A NutshellDream11 is a Fantasy sports platform that gives users the opportunity to create a virtual team of real players in an upcoming match and earn points based on how those players perform in real-time.
It is hope for exciting cricket experience for fans by Cricbuzz. With this move, they become the latest in an expanding roster of companies entering the lucrative fantasy gaming space, which has experienced massive growth in the past couple of years. The excitement of cricket at a new level for cricket fanatics.
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Microfinance NPAs hits all-time high ₹50,000 cr
Delinquent microfinance loans have soared to a record ₹50,000 crore. That means a lot of borrowers are unable to repay their tiny loans.
The rising non-performing assets (NPAs) indicate increasing stress in the space, particularly following the pandemic.
Many of these borrowers are low-income and depend on the loans, and are struggling to get back on solid financial ground.
Now lenders are worried as defaults are on the rise, and they are trying to come up with possible solutions for the issue. This involves an NPA level at record high and is indicative about the challenges being faced by borrowers as well as the microfinance institutions during such tough times.
AI will become Paytm’s profit drivers in a year or two
Artificial intelligence (AI) will be critical to Paytm’s profitability in a year or two, the financial technology firm said on Wednesday.
The company views AI as a significant growth lever, increasing services and reducing costs. With AI, Paytm aims to improve customer experiences, process flows, and build intelligent financial products.
The company believes that this focus on AI will translate into stronger financial performance and aid it in becoming profitable in the near term.
This decision highlights Paytm’s deliberate approach of innovation and adopting changes in the competitive digital payment processor aisle.
Shark tank fame Perfora post Rs 10.6 cr loss in FY25
Perfora, a brand recognised for featuring on Shark Tank India, disclosed the financial loss of Rs 10.6 crore for the financial year 2024-25.
The oral care focused company has had some struggles despite the show’s popularity. Although the brand gained attention and cultivated a customer base, it was hard to translate that into profits.
The loss underscores the challenges that startups often encounter when trying to juggle growth and financial sustainability. Perfora’s journey illustrates the ebbs and flows of entrepreneurship, even under the spotlight of a show like Shark Tank.
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