“Market Cap Of 32 New Age Tech Stock Surpasses $100 Billion In 2024”
The cumulative market capitalization of 19 new-age tech stocks saw a remarkable growth of 67% in 2024, rising from $40.6 billion at the end of 2023 to an impressive $67.6 billion by the close of 2024. This surge can be attributed to fundamental improvements in these companies and a broader rally in equity markets. Companies […]
“D2CX Cohort 4 Empowering New Age Brands Achieving 10X Growth”
India’s Direct-to-Consumer (D2C) ecosystem has not only gained prominence over the past decade but has also carved out a unique space with its dynamic nature. Unlike traditional FMCG retail stores, D2C brands have embraced a model that directly connects with customers, offering convenience, personalized experiences, and innovative products. This sector is projected to grow exponentially, […]
“Jar Mobile Application Platform Cuts Fiscal Year 24 Loss To ₹104 Crore”
Wealth tech startup Jar has demonstrated remarkable financial growth and cost efficiency in the fiscal year 2023-24. By adopting a revenue-focused and cost-optimized strategy, Jar successfully reduced its net loss by 15%, from ₹123 crore in the previous year to ₹103.97 crore. Company Financial Growth The company experienced a significant 461% increase in operating revenue, […]
“Aditya Birla Capital Integrates Credit And Insurance Services On ONDC Platform”
Aditya Birla Capital Limited has announced a groundbreaking move by integrating its three primary services—loans, insurance, and investments—on the ONDC. With this development, the company has claimed to become the first financial service provider to align its key offerings with the state-supported network. Times Of India Statement According to The Times of India, this strategic […]
“PhonePe Cofounders Announce 1 Million Dollar Grant To Alma Mater For Innovation”
Sameer Nigam and Rahul Chari, the cofounders of PhonePe, have announced a generous grant of $1 million to their alma mater, Sardar Patel Institute of Technology (SPIT), Mumbai. This announcement was made during the celebration of the 25th anniversary of the institute’s 1999 graduating batch. SPIT Infrastructure The substantial donation aims to enhance SPIT’s infrastructure, […]
“Zomato Shares Fall Over 3% Following Sensex Inclusion Debut”
Zomato, a leading food tech company, has achieved a significant milestone by becoming the first new-age technology company to be included in the BSE Sensex. This inclusion marks a pivotal moment for the company as it replaces JSW Steel in the benchmark index. Zomato BSE Sensex The BSE Sensex, one of India’s oldest and most […]