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Articles by Akshit Pushkarna
Jio Financial Services Q2 Profit Halves YoY To ₹340 Cr
SUMMARY Jio Financial Services’ consolidated net profit fell 51% YoY and 59% sequentially to ₹340.4 Cr in Q2 FY27 The profit decline came amid higher expenses and the absence of dividend income during the quarter Operating revenue rose 73% to ₹1,699.3 Cr from ₹981.4 Cr in Q2 FY26 but declined 15.2% sequentially Jio Financial Services’ consolidated net profit declined 51% to ₹340.4 Cr in the second quarter of the financial year ended March 2027 (FY27) from ₹695 Cr in the year-ago quarter.
Fairfax Proposes To Transfer Go Digit Stake To IDBI Bank
SUMMARY Fairfax has proposed to transfer all its interests in Go Digit General Insurance and Go Digit Life Insurance to IDBI Bank as part of its plan to build a broader financial services group Access to IDBI Bank’s distribution network is expected to expand Digit’s reach, while bringing banking, insurance, and capital markets services under one group The proposed transfers would take place at market prices and require regulatory approvals, with no changes expected to Digit’s existing...
Fairfax Proposes To Transfer Go Digit Stake To IDBI Bank
India, Oct. 15 -- Canadian investor Fairfax Financial Holdings has proposed transferring all its interests in insurtech company Go Digit General Insurance and its affiliate Go Digit Life Insurance to IDBI Bank. Separately, Fairfax India Holdings has proposed transferring its entire stake in IIFL Capital Services to the lender. The proposals follow the Indian government's selection of a wholly owned Fairfax Financial subsidiary as the "strategic buyer" for a 60.72% stake in IDBI Bank.
Jio Financial Services Q2 Profit Halves YoY To Rs.340 Cr
India, Oct. 15 -- Jio Financial Services' consolidated net profit declined 51% to Rs.340.4 Cr in the second quarter of the financial year ended March 2027 (FY27) from Rs.695 Cr in the year-ago quarter. Operating revenue rose 73% to Rs.1,699.3 Cr from Rs.981.4 Cr in Q2 FY26. The company also registered an other income of Rs.13 Lakh during the quarter as against Rs.21.1 Cr other income registered in the year-ago quarter.
Zetwerk Raises ₹2,251 Cr From Anchor Investors Ahead Of IPO
SUMMARY Zetwerk raised ₹2,251.2 Cr from anchor investors by allotting 14.91 Cr equity shares to these investors at ₹151 apiece, the upper end of its IPO price band Domestic mutual funds accounted for around 46% of the anchor book, picking up 6.80 Cr shares through 61 schemes across 22 fund houses International investors like Goldman Sachs, BlackRock, Abu Dhabi Investment Authority (ADIA), First Sentier Investors and Societe Generale also picked up stake in the company ahead of the opening of...
Zetwerk Raises Rs.2,251 Cr From Anchor Investors Ahead Of IPO
India, Oct. 14 -- Manufacturing company Zetwerk has raised Rs.2,251.2 Cr from anchor investors ahead of the opening of its initial public offering (IPO) for public subscription on October 15. The company allotted 14.91 Cr equity shares to anchor investors at Rs.151 apiece, the upper end of its IPO price band. Domestic mutual funds accounted for around 46% of the anchor book, picking up 6.80 Cr shares through 61 schemes across 22 fund houses.
New-Age Tech Stocks Gain This Week, MobiKwik Surges 25% And PhysicsWallah 20%
SUMMARY MobiKwik surged nearly 25% and PhysicsWallah gained 19.68% during the week, leading gains among new-age tech stocks The gains came despite an RBI rate hike and persistent foreign investor selling, which kept the broader market under pressure AceVector became the 67th stock in Inc42’s listed new-age tech universe, taking the combined market capitalisation to $154.71 Bn Most new-age tech stocks gained this week, as benchmark indices snapped an eight-week losing streak despite a midweek...
New-Age Tech Stocks Gain This Week, MobiKwik Surges 25% And PhysicsWallah 20%
India, Oct. 10 -- Most new-age tech stocks gained this week, as benchmark indices snapped an eight-week losing streak despite a midweek sell-off. Among the 66 stocks tracked until last week, 36 rose 0.1% to nearly 25%, while 30 fell in the range of 0.23% to 13.93%. MobiKwik led gains, rising nearly 25% to Rs.245.40, followed by PhysicsWallah (19.68%), Fino Payments Bank (8.9%), Nykaa (5.97%), and Eternal (3.14%).
Dronetech Startup AITMC Files UDRHP For A Fresh Issue IPO
SUMMARY Dronetech and skill development startup AITMC Ventures has filed its UDRHP with SEBI for an IPO comprising a fresh issue of up to 3.5 Cr shares, with no OFS component AITMC filed its confidential draft papers in October 2025 after its board approved an IPO comprising a fresh issue of ₹200 Cr Founded in 2016 by Deep Sihag Sisai, AITMC operates across vocational education, drone training, manufacturing and assembly, R&D, and drone-as-a-service (DaaS) Dronetech and skill development...
Dronetech Startup AITMC Files UDRHP For A Fresh Issue IPO
India, Oct. 6 -- Dronetech and skill development startup AITMC Ventures has filed its UDRHP with SEBI for an IPO comprising a fresh issue of up to 3.5 Cr shares, with no OFS component. The UDRHP follows SEBI's observation letter issued on January 30, 2026.
New-Age Tech Stocks Extend Slide, Turtlemint Slumps Another 20% This Week
SUMMARY Turtlemint slumped 20.1% and PB Fintech fell 15.66% this week, with 47 of the 65 previously listed new-age tech stocks ending lower Proposed insurance commission caps threaten distributors’ revenue, adding regulatory pressure to a market sell-off driven by rising US bond yields, foreign investor selling, and crude oil concerns Combined market capitalisation fell nearly $13 Bn to $153.61 Bn despite Moneyview’s addition, while Zappfresh led the gainers with a 22.55% rise New-age tech...
New-Age Tech Stocks Extend Slide, Turtlemint Slumps Another 20% This Week
India, Oct. 3 -- New-age tech stocks remained under pressure this week, with 47 stocks declining as benchmark indices recorded their eighth consecutive weekly fall. Moneyview's market debut this week took the number of new-age tech companies under Inc42's coverage to 66. Despite the addition, their combined market capitalisation fell to $153.61 Bn from the $166.6 Bn commanded by 65 companies last week.
Startup Funding Crawls Up 5% YoY To $2.2 Bn In Q3 As Investors Get Picky
SUMMARY Indian startups raised $2.2 Bn in Q3 2026, up 5% YoY, even as deal count and active investors declined Growth stage funding rose 38% YoY, while AI, deeptech and cleantech attracted strong investor interest M&A activity rose 69% YoY, six new age tech companies went public, and investors increasingly looked towards secondary buyouts for liquidity India’s startup ecosystem entered a more selective funding environment in Q3 2026, with investors deploying capital more cautiously amid...
Simple Energy Raises $180 Mn To Unlock Next Growth Phase
SUMMARY Simple Energy has raised ₹1,750 Cr in Series C funding, taking its total equity capital raised to $264 Mn The fresh capital will help Simple support its next phase of growth by fueling key functions like marketing, supply chain, R&D and hiring The startup currently operates 80 sales outlets across 60 Indian cities and claims to be commanding a production capacity of 10,000 units per month Electric two-wheeler (E2W) manufacturer Simple Energy has raised $180 Mn (₹1,750 Cr) in its...
Simple Energy Raises $180 Mn To Unlock Next Growth Phase
India, Sept. 30 -- Electric two-wheeler (E2W) manufacturer Simple Energy has raised $180 Mn (Rs.1,750 Cr) in its Series C funding round. The round was led by Dr. Arokiaswamy Velumani Family Office and saw participation from the Haran Family Office, and angel investor Amit Mishra. Simple Energy's founder and CEO Suhas Rajkumar and cofounder and CFO Ankit Gupta also participated in the equity funding round.
Startup Funding Crawls Up 5% YoY To $2.2 Bn In Q3 As Investors Get Picky
India, Sept. 30 -- India's startup ecosystem entered a more selective funding environment in Q3 2026, with investors deploying capital more cautiously amid macroeconomic pressures, elevated valuations and a sharper focus on high-conviction bets. According to Inc42's 'Indian Tech Startup Funding Report, Q3 2026', homegrown new-age tech ventures raised $2.2 Bn between July and September, up 5% from the $2.1 Bn raised in the year-ago quarter.
New-Age Tech Stocks: Insurtech Sell-Off Drags Combined M-Cap Down By $3.6 Bn This Week
SUMMARY New-age tech stocks lost $3.6 Bn in combined market capitalisation this week, with Turtlemint and PB Fintech leading declines at 34.97% and 33.02%, respectively The week highlighted divergent investor appetite, with sharp selling in listed insurtech companies alongside strong bidding for Moneyview’s IPO and fresh fundraising plans from listed companies Of the 65 stocks tracked by Inc42, 28 gained and 37 declined, with Capillary and Zelio rising 24.59% and 23.96%, respectively New-age...
New-Age Tech Stocks: Insurtech Sell-Off Drags Combined M-Cap Down By $3.6 Bn This Week
India, Sept. 26 -- New-age tech stocks saw a bearish week, with a sharp sell-off in PB Fintech and Turtlemint following IRDAI's proposed commission caps overshadowing gains in Capillary Technologies and Zelio E-Mobility. Turtlemint plunged 34.97%, while Policybazaar parent PB Fintech lost 33.02% during the week. The declines came as investors assessed the potential impact of lower insurance commissions on the companies' revenue and profitability.
IPO-Bound AceVector Nets ₹189 Cr From Anchor Investors
SUMMARY AceVector raised ₹189 Cr in its anchor round by allocating 5.91 Cr shares to anchor investors at ₹32 apiece Investors like Helios Mutual Fund, Taurus Ethical Fund, Negen Undiscovered Value Fund, Singularity Growth, among others picked up stake in the Snapdeal parent With the anchor round completed, AceVector’s ₹420 Cr IPO will open for public subscription on September 25 and close on September 29.
Pernia’s Pop-Up Shop Q1: Net Loss Falls 12% To ₹88 Cr, Revenue Increases 13%
SUMMARY Sequentially, Pernia's Pop-Up Shop parent Purple Style Labs' net loss jumped 40% from ₹62.9 Cr loss incurred in Q4 FY26 Operating revenue for the quarter rose 13% YoY to ₹119.4 Cr, but dipped 23% from ₹154.4 Cr in Q4 FY26 While total income for the quarter stood at ₹121.9 Cr, expenses stood at ₹202.1 Cr and exceptional item loss for the quarter stood at ₹8 Cr Pernia’s Pop-Up Shop parent Purple Style Labs managed to trim its net loss for the June quarter of fiscal year FY27 (Q1 FY27)...
IPO-Bound AceVector Nets Rs.189 Cr From Anchor Investors
India, Sept. 24 -- Snapdeal parent AceVector has raised Rs.189 Cr from anchor investors ahead of the opening of its initial public offering (IPO) tomorrow (September 25). The company allotted 5.91 Cr shares to anchor investors at Rs.32 apiece, the upper end of its IPO price band. Only two domestic mutual funds - Helios Mutual Fund and Taurus Ethical Fund - participated in the anchor round, together picking up 93.75 Lakh shares, or 15.87% of the allocation.
Pernia's Pop-Up Shop Q1: Net Loss Falls 12% To Rs.88 Cr, Revenue Increases 13%
India, Sept. 24 -- Pernia's Pop-Up Shop parent Purple Style Labs managed to trim its net loss for the June quarter of fiscal year FY27 (Q1 FY27) by 12% to Rs.88.1 Cr from Rs.100.3 Cr in the year-ago quarter. Sequentially, the recently listed company's net loss jumped 40% from Rs.62.9 Cr loss incurred in Q4 FY26. Operating revenue for the quarter increased 13% to Rs.119.4 Cr from Rs.105.7 Cr in the year-ago quarter.
IPO-Bound Moneyview Nets ₹327.5 Cr From Anchor Investors
SUMMARY Moneyview has secured ₹327.5 Cr from anchor investors ahead of its ₹1,092 Cr IPO opening on September 24 The anchor allocation comes as ahead of Moneyview's ₹1,092 Cr IPO, which values the company at ₹5,985 Cr Seven domestic mutual funds, including SBI Mutual Fund, HDFC Mutual Funds, accounted for 72% of the anchor allocation Ahead of opening its initial public offering (IPO) for bidding, fintech unicorn Moneyview has raised ₹327.5 Cr from anchor investors by allocating 9.63 Cr shares...
IPO-Bound Moneyview Nets Rs.327.5 Cr From Anchor Investors
India, Sept. 23 -- Ahead of opening its initial public offering (IPO) for bidding, fintech unicorn Moneyview has raised Rs.327.5 Cr from anchor investors by allocating 9.63 Cr shares at an issue price of Rs.34 per equity share, the upper end of the IPO's price band. Seven domestic mutual funds via fourteen schemes netted 6.96 Cr or 72% of the anchor round.
Mastercard Exits Pine Labs Via ₹934 Cr Bulk Deal
SUMMARY Mastercard has sold its entire 4.31% Pine Labs stake for ₹933.6 Cr through a bulk deal, with a clutch of institutional investors picking up the shares. The exit adds to a string of stake sales by Pine Labs’ early institutional backers even as the payments company’s stock has rallied more than 25% in the past month.
IPO-Bound PhonePe Secures In-Principle Nod For UAE Payments Business
SUMMARY PhonePe has received in-principle approval from the Central Bank of the UAE for two payment licences, taking it closer to launching commercial operations in the country. The UAE could become PhonePe’s first overseas market for domestic operations, expanding the fintech major beyond the cross-border UPI services it currently offers Indian travellers.
ADIA Sells Lenskart Shares Worth ₹2,390.6 Cr
SUMMARY Abu Dhabi Investment Authority (ADIA) offloaded 3.5 Cr shares of Lenskart in a bulk deal at ₹683.02 apiece, minting ₹2,390.6 Cr Lenskart’s shares have rallied significantly.
Snapdeal Parent AceVector Files RHP, Trims OFS To 4.16 Cr Shares
SUMMARY The Snapdeal parent has cut the fresh issue by ₹13 Cr to ₹287 Cr and reduced the OFS component by 34.9% to 4.16 Cr shares. Investors like SoftBank, Nexus Venture Partners, Jason Kothari, among others, will be offloading shares via the IPO. AceVector's IPO will open for public subscription on Friday, September 25, following anchor bidding on September 24, and will close on Tuesday, September 29.
PharmEasy-Owned Thyrocare To Exit Radiology, Sell Nueclear Healthcare For ₹141 Cr
SUMMARY Thyrocare has approved the sale of its entire stake in Nueclear Healthcare to Trovera Healthcare for approximately ₹141.4 Cr. The divestment will mark Thyrocare’s exit from the investment-intensive radiology business and allow it to focus on its core pathology operations. Thyrocare will receive approximately ₹81.9 Cr in cash and Trovera CCPS worth ₹59.5 Cr as part of the transaction.
PharmEasy-Owned Thyrocare To Exit Radiology, Sell Nueclear Healthcare For Rs.141 Cr
India, Sept. 21 -- PharmEasy-owned diagnostic chain Thyrocare Technologies has approved the sale of its entire stake in wholly owned subsidiary Nueclear Healthcare Ltd (NHL) to Trovera Healthcare for about Rs.141.4 Cr in a cash-and-stock deal. The transaction will see Thyrocare transfer 1.11 Cr equity shares, representing 100% of NHL's issued and paid-up equity share capital, to Trovera. Trovera will pay Rs.81.9 Cr in cash and allot 42,500 CCPS worth Rs.59.5 Cr to Thyrocare.
ADIA Sells Lenskart Shares Worth Rs.2,390.6 Cr
India, Sept. 21 -- Amid a bull run for Lenskart, early investor Abu Dhabi Investment Authority (ADIA) today offloaded 3.5 Cr shares of the company via its holding entity Platinum Jasmine A 2018 Trust. The investor raked in Rs.2,390.6 Cr via the bulk deal which valued each share at Rs.683.02. This is slightly higher than the stock's closing price for the day. This is the second instance of ADIA paring its stake in the eyewear giant in recent months.
Unlock Unlimited Startup Intelligence For Free
SUMMARY Of the 64 new-age tech stocks tracked by Inc42 until last week, 30 gained and 34 declined, while RentoMojo became the 65th stock in the universe following its listing. Company-specific triggers drove sharp moves in stocks such as Kissht and MobiKwik despite the broader equity market extending its losing streak to six weeks. Kissht gained 7.66% and MobiKwik rose 5.81%, while Zappfresh slumped 13.43%. RentoMojo became the latest addition to listed new-age tech stocks.
From Flam To VerifAIX - Indian Startups Raised About $59 Mn This Week
India, Sept. 19 -- While the introduction of MDR on UPI dominated India's new-age tech discourse this week, startup funding fell sharply. Fourteen startups raised $58.9 Mn, down 82% from the $321.9 Mn raised last week.
New-Age Tech Stocks: Kissht & MobiKwik Rally, Zappfresh Hits Record Low This Week
India, Sept. 19 -- Investor sentiment towards new-age tech stocks remained divided this week, even as the broader Indian equity market continued to face pressure. Of the 64 stocks tracked by Inc42 until last week, 30 gained between 0.18% and 7.69%, while 34 declined by as much as 13.43%. Zappfresh was the biggest loser of the week. The stock fell to a record low of Rs.54.02 yesterday before closing at Rs.55.06, ending the week 13.43% lower.
From Flam To VerifAIX — Indian Startups Raised About $59 Mn This Week
SUMMARY Twelve startups raised $58.9 Mn this week, down 82% from the $321.9 Mn from the preceding week. AJVC was the most active investor this week, backing MoroMaa and Slayd. The VC firm also saw PE firm Novastar Partners as a limited partner for its fund. Finvolve and Activate raised fresh capital for their funds, Asiana Fund and JC Capital partnered to launch a ₹1,000 Cr deeptech-focused fund.
Centre Rejects External Pressure Claims Over UPI MDR Rollout
SUMMARY The Centre has rejected allegations that MDR was introduced on select UPI transactions under external pressure following concerns raised in a US trade report. The government said the new revenue stream would help smaller payment apps compete with market leaders and allow more domestic players to expand their UPI operations. The DFS said credit card transactions on UPI remain restricted to RuPay, while RuPay debit card payments will continue to remain free of MDR.
Centre Rejects External Pressure Claims Over UPI MDR Rollout
India, Sept. 17 -- Amid the ongoing debate over the introduction of MDR on select UPI transactions, the finance ministry's Department of Financial Services (DFS) has said the move was not driven by "external pressure". The clarification came after allegations linked the reintroduction of MDR on UPI to the US Trade Representative's (USTR) 2026 National Trade Estimate Report, which flagged India's digital payment policies as a barrier for foreign payment service providers.
UPI MDR Regime Explained: Here’s What Will Be Charged After Oct 15
SUMMARY UPI will introduce a 0.4% MDR on eligible P2M transactions above ₹2,000 from October 15. The move shifts UPI towards a commercial model while keeping consumer payments and small merchants largely protected. MDR rates vary by transaction value and sector, with separate rules for small merchants, capital markets and credit-linked UPI.
SEBI Greenlights Lending Tech Startup Fibe’s ₹750 Cr+ IPO
SUMMARY SEBI issued its final observation on Fibe parent Social Worth Technologies’ IPO proposal today, clearing the way for the lending tech startup’s public listing. The regulatory clearance takes the profitable startup closer to listing and could provide a major liquidity event to investors such as TPG, Norwest Capital, and Eight Roads Ventures.
SEBI Greenlights Lending Tech Startup Fibe's Rs.750 Cr+ IPO
India, Sept. 15 -- Markets regulator SEBI has greenlit the proposed IPO of lending tech startup Fibe, formerly known as EarlySalary. According to SEBI's latest processing status, the regulator issued its final observation on the offer documents of Fibe parent Social Worth Technologies Ltd today. In SEBI parlance, the issuance of final observations signals the regulator's go-ahead for a company to proceed with its public issue. Fibe filed its DRHP in June this year.
UPI MDR Regime Explained: Here's What Will Be Charged After Oct 15
India, Sept. 15 -- India's ubiquitous UPI payment system is set for a significant change from October 15, with the introduction of a merchant discount rate (MDR) on select transactions. Under the new framework, merchants will be charged an MDR of 0.4% on person to merchant (P2M) UPI transactions above Rs.2,000. The charge will be capped at Rs.300 for transactions worth Rs.75,000 or more. The October 15 change does not necessarily make UPI a paid service for consumers.
ESDS Soars 92% To Lead New-Age Tech Stocks This Week, MDR Hopes Lift Fintechs
SUMMARY ESDS Software surged 91.7% this week, while fintech stocks such as Pine Labs and Paytm rallied on hopes of MDR being introduced on certain UPI transactions. The gains reflected investor appetite for AI infrastructure and fintech monetisation plays even as the broader markets declined for the fifth consecutive week. Of the 63 listed new-age tech stocks under Inc42’s coverage till last week, 33 declined and 30 ended in the green.
ESDS Soars 92% To Lead New-Age Tech Stocks This Week, MDR Hopes Lift Fintechs
India, Sept. 12 -- New-age tech stocks delivered a mixed performance this week as weakness in the broader equity market kept investor sentiment cautious. Of the 63 listed new-age tech stocks under Inc42's coverage till last week, 33 declined between 0.01% and nearly 14% this week. Thirty stocks ended in the green. Pernia's Pop-Up Shop parent Purple Style Labs became the 64th new-age tech company under Inc42's coverage after making its stock market debut on Monday (September 7).
PM Modi Urges Fintechs To Step Up Cybersecurity, Consumer Protection
SUMMARY Addressing the inauguration of Global Fintech Fest (GFF) 2026, PM Narendra Modi called for building stronger safeguards around India's rapidly expanding digital financial services and fintech sector. As the fintech industry moves beyond digital payments, Modi outlined four broad priorities for the sector – stronger cybersecurity, ethical data protection, better consumer protection and closer collaboration between industry and regulators.
PM Modi Urges Fintechs To Step Up Cybersecurity, Consumer Protection
India, Sept. 8 -- Prime Minister (PM) Narendra Modi has urged Indian fintech startups to further strengthen cybersecurity and consumer protection as the sector moves into its next phase of growth amid the rise of new technologies such as agentic AI and quantum technologies. Addressing the inauguration of Global Fintech Fest (GFF) 2026 in Mumbai today (September 8), PM Modi called for building stronger safeguards around India's rapidly expanding digital financial services and fintech sector.
Shiprocket Trims Q1 Loss By 24% YoY To ₹13.7 Cr, Revenue Surges 34%
SUMMARY Shiprocket trimmed its Q1 FY27 net loss by 24% YoY and 16% QoQ to ₹13.7 Cr. Operating revenue zoomed 34% YoY and 7% QoQ to ₹592.1 Cr while adjusted EBITDA grew near 9X YoY to ₹8.9 Cr. While total income surged past the ₹600 Cr mark, total expenses for the quarter also jumped 31% YoY to ₹619.5 Cr, Recently listed logistics company shiprocket managed to cut its net loss for the June quarter (Q1 FY27) by 24% to ₹13.7 Cr from ₹18 Cr. The company managed to cut its loss by 16% from ₹16.3...
Swiggy To Sell Lynk To Udaan For ₹500 Cr, Pick Up 3.2% Stake In B2B Unicorn
SUMMARY Udaan has agreed to acquire Swiggy’s B2B retail distribution business, Lynk, in a share-swap transaction valuing the business at ₹500 Cr. The acquisition will deepen Udaan’s presence across key consumption markets, while giving Swiggy a roughly 3.2% stake in the IPO-bound B2B ecommerce unicorn. Swiggy will receive preference shares representing a 2.8% stake in Udaan and invest another ₹75 Cr for an additional 0.4% stake.
ESDS Listing Pushes New-Age Tech Stocks’ Market Cap Past $170 Bn
SUMMARY Including ESDS’ market capitalisation of about $1.11 Bn, the combined market cap of the 63 new-age tech companies crossed $170 Bn to reach approximately $170.50 Bn Stocks of Lenskart, Ather Energy, and LEAP India touched fresh all-time highs during the week while FirstCry sunk to a new low Of the 62 listed new-age tech stocks under Inc42’s coverage, 26 gained between 0.03% and 13% during the week, while 35 declined by up to 15% The first week of September was marked by stake sales by...
ESDS Listing Pushes New-Age Tech Stocks' Market Cap Past $170 Bn
India, Sept. 5 -- The first week of September was marked by stake sales by institutional investors, fresh ESOP allotments, and continued momentum in the new-age tech IPO market. Of the 62 previously listed new-age tech stocks under Inc42's coverage, 26 gained between 0.03% and 13% during the week, while the remaining 36 declined by up to 15%. Honasa ended the week flat. After leading the gainers last week, BSE SME-listed edtech startup Klassroom emerged as the biggest loser this week.
LEAP India Q1 Profit Jumps 30% YoY To ₹25 Cr, Revenue Up 19%
SUMMARY On a sequential basis, the company's profit dipped 8.5% from ₹27 Cr Operating revenue for the quarter increased 19% YoY to ₹203.4 Cr but remained flat on a QoQ basis While total income for the period stood at ₹213.4 Cr, operating expenses increased 17% YoY to ₹180.5 Cr Recently listed logistics company Leap India’s net profit for the June quarter (Q1 FY27) increased by 30% to ₹24.7 Cr from ₹19 Cr in the year-ago period.
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