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CRED REVENUE GROWTH
Sarvam raises $234 million led by HCLTech at $1.5 billion valuationIndia's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This invest...- New-age B-school report highlights strong startup placements and early offersMesa School of Business, a startup-focused, AI-first institution backed by Elevation Capital, has released independently audited placement ...
- UPI underdogs seek fair play; WhatsApp tightens scam defencesSmaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech To...
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
- HDFC AMC Q4 Results: Cons profit drops 2% YoY to Rs 623 crore; co declares Rs 54/share dividendHDFC AMC Q4 Results: HDFC AMC reported a 2% dip in March-quarter net profit to Rs 623 crore, despite a 17% rise in revenue to Rs 1,051 cror...
- Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
- Cred FY25 revenue rises 16% to Rs 2,735 crore, losses narrowOperating losses narrowed 51% on-year to Rs 298 crore, while total losses declined 11.5% to Rs 1,457 crore during the year, the Bengaluru-b...
- Hyundai Motor India shares could fall over 26%, says InCred Equities. Here’s whyInCred Equities sees a potential 26% drop in Hyundai Motor India's shares, setting a target price of Rs 2,023. They believe limited GST imp...
- TCS Q1 Results Preview: IT major may clock modest 3% profit growth; Trump tariffs impact in focusTata Consultancy Services (TCS) is set to announce Q1FY26 results on July 10, with brokerages estimating a 1-3% YoY net profit growth betwe...
- Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billionThe fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of prima...
- Scoop: Cred in talks to raise new funds as valuation slips by over 30% to $4 billionFintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Bac...
- Adani Ports Q3 results today. Topline to grow 7-8% YoY, PAT likely to rise in double-digitsAdani Ports and Special Economic Zone (APSEZ) is expected to show a 7-8% year-on-year revenue growth for Q3FY25. Net profit is projected to...
- Cred rolls into insurance space via Garage platformGarage is a platform where Cred users can track their vehicle spends, pending traffic ‘challans’, and insurance and pollution renewal dates...
- Cred’s FY24 revenue surges 66% to Rs 2,473 crore; overall losses up 22% to Rs 1,644 croreCred, a fintech unicorn, has generated revenue from payments, credit and insurance. The company reined in marketing expenses despite promot...
- Yes Bank ties up with Newtap Finance to Offer Financing SolutionsYes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technol...
- InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officerInCred Capital appointed Vikram Agarwal as its COO, who brings extensive experience from Julius Baer India to lead various functions at the...
- InCred Finance posts net profit of Rs 121 crore in FY23, revenues jump 67%InCred Finance became the second unicorn of 2023 after raising $60 million from a clutch of investors, including ultra-high-net-worth clien...
- Cred’s FY23 revenue more than triples, losses grow marginallyWhile the company’s revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expen...
- For Cred, revenue growth and curbing losses will be the focus: Kunal ShahThe Bengaluru-based fintech platform has in the past been criticised for not showing active revenue streams and mounting losses.
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