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CASH BURN REDUCTION
Psychology says adults who keep the gas tank perpetually above half aren't overcautious; their body learned in childhood that running low meant something bad was coming, and topping it up is a promise they still keepMany people exhibit safety behaviors, such as always filling their car's gas tank. This habit stems from past scarcity and anxiety, not cur...- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- ET Prime Special Series: Multibagger or Bankrupt - Part 56: An acquisition, a divestment, and a JV for EV. Ready for re-rating?Bulls argue this company is becoming a complete mobility-platform supplier in India: Power solutions and aftermarket, braking and safety. B...
- Zepto trims cash burn before IPO, pitches profitability by FY29 to public market investorsQuick commerce firm Zepto is engaging institutional investors for its planned June-July IPO, aiming to raise capital amid intensifying comp...
- Travelers face higher costs and fewer flight options as jet fuel prices swingTravelers face higher airfares and fewer flights due to volatile oil prices. Airlines are cutting schedules and increasing fees, impacting ...
- Costly raw materials weigh heavy on D2C luggage companiesNew-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...
- United Airlines to cut 5% of flights, planning for $175 oil from Iran warUnited Airlines will reduce flights by five percent in the second and third quarters. This move anticipates sustained high oil prices follo...
- Zepto may file draft IPO papers this month; eyes $450-500 million fundraise from public marketsQuick commerce firm Zepto is reviving its IPO plans, aiming to raise $450-500 million through a confidential filing with Sebi in the next f...
- Eternal vs Swiggy: Which one does HSBC pick as competition intensifies?HSBC reiterates “Buy” on Eternal, raising its target to Rs 390, citing strong scale, margin leadership, and robust cash reserves. Swiggy re...
- 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...
- Unacademy now ‘default alive’, to cut cash burn to Rs 200 crore in 2025: CEO Gaurav MunjalUnacademy aims to reduce cash burn to under Rs 200 crore in 2025, a sharp drop from Rs 1,000 crore in 2021. CEO Gaurav Munjal says the star...
- Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a monthThe monthly cash burn for quick commerce players, including new entrants, has surged to Rs 1,300-1,500 crore, doubling in just a few months...
- Apollo Hospitals plans digital arm stake saleIt reported revenues of ₹6,705 crore and loss of ₹304 crore in FY23. While the offline pharmacy distribution business generated earnings be...
- Moody's expects Oyo to generate positive Ebitda for FY24Moody's also said on Monday it has affirmed Oravel Stay Limited’s (Oyo’s) B3 corporate family rating (CFR) as well as the B3 rating of the ...
- Unacademy to be profitable at group level in April: CEO Gaurav MunjalWith a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runw...
- Paytm buyback: Will Rs 850 crore offer support stock prices?Paytm board believes that this buyback is a sign of confidence that the company is on a clear path to deliver cash flow profitability, and ...
- Lupin to resize portfolio, slash costs in US biz turnaroundIn an interview to ET, CEO Vinita Gupta said the company had already exited a few products filed from its Somerset facility in New Jersey a...
- PVR Q1 results: Reports net loss of Rs 226 croreRevenue from operations stood at Rs 12.70 crore, compared to Rs 880.39 crore in the corresponding quarter of the previous fiscal.
- Tata Motors’ moves to cut debt, costs to provide a floor for stockThe CV and passenger businesses will be cash positive in the next couple of quarters.
- Indian e-commerce firms douse cash burn, catch up with global peersFlipkart spent about $80 million monthly as of March, down from $100 million in early 2016. Rival Amazon India’s monthly cash burn amounted...
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