News

MapmyIndia's Q2 FY25 PAT declined 8% YoY and 15% QoQ.
Centrum maintained a 'REDUCE' rating on the stock with a lower target price.
MapmyIndia is setting up a new joint venture in Indonesia with Hyundai AutoEver.
The company's focus on international expansion continues.

Even with service complaints stacking up, Ola Electric will focus on new models and new stores to claw back market share

The Indian electric two-wheeler market is currently valued at approximately $1.2 billion.
Urban centers like Delhi, Mumbai, Pune, and Bengaluru account for 60% of sales.
Government initiatives like FAME II and tax benefits are driving adoption.
The initial investment in electric two-wheelers is becoming more affordable.

Physics Wallah's operating revenue surged 2.6X to INR 1,940.4 crore in FY24.
The company's net loss increased due to changes in fair value of CCPS and higher employee expenses.
Physics Wallah's FY23 net profit was also revised due to accounting standard changes.
The startup's growth is driven by increased user base and expansion of offerings.

The merger of Reliance and Disney is a complex task involving the integration of two large organizations.
RIL is focused on managing the integration process and balancing power dynamics.
The company plans to be cautious with content spending, prioritizing user experience and technology.
The merged entity has a strong content library but will need to focus on efficient delivery and user engagement.

Swiggy's IPO received significant interest from anchor investors, including leading global and domestic funds.
• The company allotted 13.03 crore shares to 75 anchor investors at a price of INR 390 per share.
• 19 domestic mutual funds participated in the anchor round, indicating strong institutional demand.
• Swiggy's IPO comprises a fresh issue of shares worth up to INR 4,499 crore and an offer-for-sale of up to 17.5 crore equity shares.

ONDC recorded 14 million monthly transactions in October 2024, a 7.6% month-on-month and 200% year-on-year increase.
The platform witnessed significant growth in food, grocery, fashion, and mobility segments.
ONDC reduced the maximum incentive limit to INR 40 lakh to promote fair competition.
The platform aims to create a more inclusive and competitive e-commerce ecosystem.

Magicpin has reduced its platform fee to INR 5 per delivery, while competitors increased theirs.
The company processed 500K food orders during the festive season, doubling its year-on-year growth.
Magicpin processes 150K daily orders on ONDC, up from 22K in March 2023.
The company plans to onboard 100K restaurants and invest INR 100 crore in ONDC.

CRED has partnered with insurance companies to offer motor insurance to its users.
Users will receive benefits such as credit score discounts and vehicle maintenance reminders.
CRED has recently launched several new products, including CRED Money, CRED Guarantee, and personal loan offerings.
The company is expanding its financial services to cater to a wider range of customer needs.

• First Coffee, a new specialty coffee brand, has raised $1.2 million in seed funding.
• The brand offers high-quality coffee at competitive prices, sourcing beans from Harley Coffee Estate.
• First Coffee currently operates three outlets in Delhi NCR and plans to expand its delivery services.
• The brand has already generated INR 1 crore in revenue in just five months.