Inc42

3 days ago | inc42.com | Tapanjana Rudra

SUMMARY Although the US has given a 90-day relaxation, temporarily deferring tariff hikes for many countries, including India, the horizons still appear clouded due to the uncertainty that lies ahead India startup investors are groping in the dark to understand the impact of the US’ tariff decision on the country, while many see a glimmer of hope in manufacturing Even though most VCs see India in a more advantageous position compared to China, Mexico, and Canada, investors in funds and LPs...

5 days ago | inc42.com | Anne Florentyna

SUMMARY Vaishnaw was speaking at the inauguration of VVDN’s Surface Mount Technology (SMT) Line and Mechanical Innovation Park in Manesar He said that the scheme is expected to boost domestic production, create jobs and reduce import dependency Vaishnaw also revealed in an X post that the sector has created nearly 25 Lakh jobs Days after the Union Cabinet approved the PLI scheme for electronics components, Union Minister Ashwini Vaishnaw has said that the guidelines for the scheme have been...

6 days ago | inc42.com | Anne Florentyna

Logistics unicorn Xpressbees saw an uptick in its consolidated net loss in the fiscal year ended March 31, 2024 (FY24), despite a healthy growth in its top line. The startup, which began operations as the logistics arm of listed new-age tech company FirstCry, reported a 10.8% increase in its loss to INR 199.9 Cr in FY24 from INR 180.4 Cr in the previous fiscal year. Operating revenue grew 11.8% to INR 2,831.3 Cr during the year under review from INR 2,531.5 Cr in FY23.

6 days ago | inc42.com | Bismah Malik

SUMMARY Imarticus Learning is set to file its draft papers for an INR 750 Cr IPO and has roped in bankers founder Nikhil Barshikar told Inc42 Despite the downturn in the edtech industry at large, Imarticus Learning managed to stay profitable for the last 7-8 years, Barsikhar said The startup's revenue has jumped by 25% on-year to INR 205 Cr in FY25 and EBITDA has grown by 100% in FY25, the CEO claimed Imarticus Learning is set to step into the public market with an initial public offering...

6 days ago | inc42.com | Tapanjana Rudra

SUMMARY Rapido has nearly doubled its revenue YoY in FY25, breaching the INR 1,000 Cr mark, and is gunning for profitablility in FY26The ride-hailing unicorn claims to be the market leader in bike taxis with 70% market share, and auto rides with close to 40% shareAfter breaking the Ola-Uber duopoly, Rapido is looking to expand to 500 cities, and add new revenue streams. Will this deliver the profitable growth that Rapido is chasing?