Page 5 - Aryaman Gupta

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%

This comes after the firm narrowed its net loss to Rs 392 cr in Q3 of FY23, from Rs 778.4 cr in Q3FY22, and expanded revenue from operations by 41.62% to Rs 2,062.2 cr

Polaris Smart Metering raises $100 mn in funding from I Squared Capital

Funds raised will primarily be used to acquire, execute and finance large smart metering contracts across India

Digital lending startup LoanTap raises Rs 24 crore in venture debt

Funding led by Lighthouse Canton through its Category-II AIF

EaseMyTrip Q3 profit rises 4% YoY at Rs 41.7 cr, revenue increases 58%

Air tickets and hotel booking businesses do well to help volumes, says online travel firm

IPO-bound Swiggy names Delhivery chief, two others as independent directors

New appointments will strengthening governance, says food delivery platform

From AI to digital infrastructure, making high-tech work for India

The Budget's thrust on AI, 5G and data embassies promises to usher in a wider, data-driven digital infrastructure

Frostbite amid funding winter for start-ups: Experts rue angel tax

Industry watchers believe that early-stage start-ups will bear most of the brunt, as the segment witnesses comparatively higher deviation in allotted share prices and FMV

Economic Survey 2022-23: Indian start-ups exploring reverse-flipping

Suggests simplifying tax layers, capital flow procedures like those in the US, Singapore

How Snapdeal is creating focused brands to capture value e-commerce segment

Forms subsidiary to create such brands, is pivoting towards Bharat to reach value-conscious customers in tier-2 and beyond

Manu Jain quits Xiaomi as Chinese firm battles legal challenges in India

Device maker accused of violating Foreign Exchange Management Act

PhysicsWallah to hire 2,500 employees, partner with supply chain firm

Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees

Auto parts sourcing start-up CapGrid raises $7 mn in series A from Nexus

Existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Co also participated; funds to be used to deepen firm's tech infra, hire talent, scale up cloud mfg with supply partners

Need clarity in definitions, wider governance in online gaming rules: UKIBC

The council has urged govt to legalise and regulate gaming market across India, particularly sports betting, in line with Law Commission's 2018 recommendations

PE/VC investments dip 29% YoY to $54.2 bn in 2022 amid funding woes

Despite this decline, 2022 marks the second-best year for PE/VC investments in India to date; dip largely due to smaller deal sizes amid stable volumes

TeamLease Q3 profit dips 5% YoY, board to consider share buyback next week

The company's revenue grew 14% YoY to Rs 2,108 cr in the quarter ended December, from Rs 1,767 crore a year ago. EBITDA fell 16% to Rs 32 crore in Q3

IT and start-up hiring to stay muted in 2023, niche tech roles to keep pace

This layoff period, coupled with a lull in hiring, is expected to last over the next two or three quarters, say experts

TeamLease Edtech, PeopleCert tie up to up-skill corporate execs, graduates

With this agreement, TeamLease EdTech aims to upskill the Indian workforce to meet high-speed growth in IT and industry

Zomato stops 10-minute food delivery offering, CEO announces 800 job posts

Media reports say 10-minute biz struggling; company denies, says it is just being rebranded

Indian fintech start-up funding fell 47% in 2022, says Tracxn report

Growth in the space was expected to continue in the long run, propelled by a large unbanked population

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

Sriharsha Majety says 'I should've done better here'; firm shuts down meat marketplace business