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Financials

Amazon Pay reports flat revenue growth, cuts losses in FY24

Amazon Pay reports flat revenue growth, cuts losses in FY24

05 Nov 2024, 02:28 AM

The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.

Go Digit posts 3x jump in Q2 net profit

Go Digit posts 3x jump in Q2 net profit

05 Nov 2024, 02:09 AM

The insurer's profit after tax jumped 221.4% to Rs 89 crore from Rs 28 crore in Q2 FY24.

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

Jio Financial Services in talks with Allianz SE to set up insurance biz: report

24 Oct 2024, 17:58 PM

The news comes shortly after Bajaj Finserv revealed that Allianz is considering an exit from its existing life and general insurance joint ventures with the Bajaj Group.

Acko posts Rs 2106 cr in revenues; Rs 670 cr in losses in FY24

Acko posts Rs 2106 cr in revenues; Rs 670 cr in losses in FY24

23 Oct 2024, 17:31 PM

Acko reduced its losses by 9.3% to Rs 670 crore in FY24, down from Rs Rs 738.5 crore the year before.

Who Reads Us

Fintech Highlights

  1. Stripe appoints Manish Maheshwari as India head for revenue and growth

  2. Atlas raises seed funding co-led by Accel and Stellaris

  3. Hrithik Roshan-endorsed RUGR, Blume-backed IppoPay under DGGI scanner

  4. Sajja Chowdary takes charge as Policybazaar Insurance Brokers CEO after Tarun Mathur's exit

  5. InCred Alternatives closes Rs 1,500 crore first special opportunities credit fund
  6. Read more news...

AI/Emerging Tech

  1. Nava raises $22 million funding led by Greenoaks Capital

  2. Agentic AI startup Xccelera bags funding from angel investors

  3. InsideFPV executes Rs 10 crore defence contract to supply indigenous drones

  4. Spacetech startup SatLeo Labs bags seed funding led by Unicorn India Ventures

  5. OpenAI raises $122 billion at post-money valuation of $852 billion
  6. Read more news...

IPO Tales

  1. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  2. Shiprocket IPO: A profitable core, costly emerging bets

  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  4. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor
  5. Read more news...

Money & Machines

  1. 'Guilty, until proven innocent'; The ARR illusion

  2. Rishi Gupta is out on bail. What next?; The cost of frivolous AI use

  3. Fintechs' Dubai Dream; Founders' AI Second Act

  4. A CEO arrested, hearing delayed; Sarvam's AI pitch
  5. Previous editions...

PE/VC Tales

  1. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund

  2. TDV Partners bullish on consumer over AI, plans bigger fund

  3. Peak XV top partners exit, a key retention marks a week of upheaval

  4. Silverneedle eyes 10x larger second fund, plans first semiconductor bet
  5. Read more news...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar