Ayanti Bera

1 week ago | financialexpress.com | Ayanti Bera

Premji Invest-backed jewellery startup GIVA has doubled its topline from Rs 255 crore to around Rs 510 crore during the 2024-25 financial year. It also narrowed its losses on the back of stronger same-store sales growth, founder and CEO Ishendra Agarwal told FE. Same-store sales, also called comparable-store sales, measure the revenue growth of a retail chain’s existing stores over a period, excluding impact from new store openings or closures.

1 week ago | financialexpress.com | Ayanti Bera

Just over a decade ago, one thing was clear to Shankar Prasad, then 39, — he wanted to build a business. The thrill of creation had always drawn him in, whether as a management trainee on the factory floors of Hindustan Unilever (HUL) where he learned the basics of the consumer goods industry, or many years later, as a director in a private equity fund where he spent most of his time working with cosmetics brand Faces Canada. Already a subscriber?

2 weeks ago | financialexpress.com | Ayanti Bera

Professional services platform Urban Company’s long-awaited initial public offering (IPO) will see five of its early backers partially exit their holdings, eyeing a combined payout of up to Rs 1,471 crore, according to the company’s Draft Red Herring Prospectus (DRHP) filed on Monday. While the company plans to issue fresh shares worth Rs 429 crore, the offer-for-sale (OFS) component will dominate the total Rs 1,900 crore offering.

2 weeks ago | financialexpress.com | Ayanti Bera

Auditors from Deloitte Haskins & Sells have flagged several material weaknesses in VerSe Innovation’s internal financial controls for FY24, according to financial data accessed via business intelligence platform Tofler. The findings emerge just weeks after group chief financial officer Sandip Basu resigned, citing health reasons. VerSe Innovation, the parent of Dailyhunt and Josh, is currently seeking his replacement.

2 weeks ago | financialexpress.com | Ayanti Bera

The aspiration at Sarvam, as the word Sanskrit meaning ‘all’ suggests, is to achieve in AI (Artificial Intelligence) something that encompasses everybody. That’s precisely what Vivek Raghavan and Pratyush Kumar set out to do when they founded the Bengaluru-based startup in July2023. “We want to build GenAI that a billion Indian can use,” they would often say in their multiple public interactions.