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LICIOUS OPERATIONAL RESET
Earnings roundup: Infosys, Licious and GrowwIT major Infosys was hit by a small profit dip despite revenue growth in Q3. This and more in today's ETtech Top 5.- Licious April-December revenue surges 47% YoY, operating losses stay flatOperating losses for the same period remained relatively flat at Rs 100-110 crore, people aware of the company’s financials said. For the f...
- Taxman eyes crypto code; China stalls India tech JVsWe’ve got fresh details on India’s crypto regulation push, plus a look at China’s tech deal delays. This and more in today's ETtech Top 5.
- Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 croreBengaluru-based Licious attributed the revenue drop to the closure of distribution channels, especially Dunzo, along with a reduction in ex...
- RBI scanner on gold loan startups; setback for P2P lending firmsHappy Wednesday! After the central bank's action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their...
- Time for a reset: Paytm’s opportunity to get back to basics; and other top stories this weekThe stringent action by the Reserve Bank of India (RBI) against Paytm Payments Bank could have a positive fallout. It can actually push One...
- Board exits at Paytm bank; Mamaearth’s Q3 profit up 265%Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments bank’s board in December, w...
- Licious lays off 80 employees as part of 'operational reset'The impacted employees are being offered two months’ salaries as compensation, along with the variable payment for FY24, it added in a stat...
- Seed funding outshines overall deal growth in 2022Seed-stage deals rose to about $1.5 billion in 2022, up 86% from $805.2 million in 2021. The number of deals, however, fell to 396 in 2022 ...
- Conserve cash, cut burn, turn profitable: ETtech State of Startups SurveyTop founders, investors & internet execs polled amid tech winter. 64% of respondents see funding crunch easing in second half; 87% open to ...
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