Mumbai-based mortgage-tech startup, Easy Home Finance, has raised Rs 210 crore in a Series A2 funding round, led by Claypond Capital and backed by Harborfront Capital and other investors. This investment aims to strengthen the company’s asset management, expand its AI-driven platform, and further its reach into underserved regions in India. Easy Home Finance focuses on simplifying the loan…
In an industry flooded with unstructured data, AI startup Auquan is making strides to revolutionize financial services by simplifying data management and analysis. Auquan recently closed a $3.5 million seed funding round, led by Neotribe Ventures, with participation from investors like Episode 1 and Stage 2 Capital. The funding is aimed at advancing their AI-driven platform, Auquan Intelligence…
In a promising milestone for India’s e-commerce industry, Flipkart Internet reported an impressive Gross Merchandise Value (GMV) of $8.5 billion for FY24. This growth comes as Flipkart simultaneously managed to reduce its losses, showcasing its commitment to profitability in a competitive digital market.
Rising GMV and Market Impact
Flipkart’s growth is particularly significant given the…
The Indian stock market faced a sharp downturn in October 2024, experiencing the highest monthly outflow from foreign portfolio investors (FPIs) in history, with an unprecedented ₹82,000 crore pulled from Indian equities. The reasons behind this record exodus range from geopolitical tensions, particularly the Israel-Iran conflict, to attractive opportunities in the Chinese market fueled by…
Bollywood actor Abhishek Bachchan has once again surprised his fans by sporting an unexpected look for his upcoming film, tentatively titled I Want to Talk. Directed by Shoojit Sircar, this new project has gained attention due to a recent poster showing Bachchan with a ‘pot belly’ look—a transformation that has sparked curiosity among fans and the film industry alike.
An Unexpected…
OpenAI, the company behind groundbreaking AI technologies, has announced its plan to release a new flagship AI model by the end of 2024. This announcement has stirred excitement in the tech industry as experts speculate on the potential advancements the model might bring to AI capabilities and user experience. With OpenAI’s past models, including GPT-4, setting high standards in machine learning…
ICICI Bank has reported a remarkable financial performance for the second quarter of FY24, showing a strong year-on-year growth in net profit and net interest income. This solid performance reflects the bank’s improved operational efficiencies and strategic growth measures, achieving significant market interest amid economic uncertainties.
Impressive Growth in Profit
For Q2 of FY24…
In an unusual turn of events, the JioHotstar domain, originally purchased by a Delhi-based developer aiming for a substantial profit, has now become the face of a philanthropic mission led by two Dubai siblings. Once a prized acquisition linked to the JioCinema and Disney+ Hotstar merger, the domain now promotes charity and social impact initiatives, captivating public interest and raising…
AquaExchange, an IoT-powered aquaculture technology startup, has achieved a significant revenue milestone, crossing Rs 100 crore in the fiscal year 2024. The company, founded by Pavan Kosaraju, is redefining India’s aquaculture industry with a unique blend of technology and finance solutions designed to tackle key issues for fish and shrimp farmers. This remarkable growth highlights…
IndusInd Bank witnessed a sharp 19% drop in its share price, hitting a 52-week low on concerns over escalating microfinance loan stress. The bank, part of the Hinduja Group, faced heightened pressure after releasing a disappointing Q2 earnings report, highlighting key issues such as rising provisions, moderate loan growth, and a concerning uptick in microfinance slippages.
Q2 Earnings…
