A naukri.com initiative
Inc42
5h
743
Image Credit: Inc42
The Otipy Collapse, Urban Company’s Profitable FY25 & More
- Otipy, once a disruptor in agritech, collapsed due to competition from quick commerce players.
- Factors like capital-intensive last-mile delivery, thin margins, and challenges in demand forecasting led to Otipy's downfall.
- Suppliers are yet to receive their payments from Otipy, raising concerns about the farm-to-table model's sustainability.
- Urban Company reported a profitable FY25 with a net profit of INR 239.7 Cr and operating revenue of INR 1,144.4 Cr.
- WIOM raised $35 Mn led by Accel and Prosus to provide affordable internet services under the PM-WANI Scheme.
- BlueStone aims to raise INR 300-350 Cr at a $1.15 Bn valuation and filed its DRHP to raise INR 1,000 Cr.
- Physis Capital raised over INR 200 Cr for its fund targeting startups in edtech, fintech, and consumer services.
- Former Unacademy executive launched a new eyewear startup with $2.2 Mn seed funding from India Quotient.
- Oben closed its $11 Mn Series A funding round with investments from Helios Holdings and Sharda family office.
- ArisInfra's IPO subscription was at 24% on day 1, while Ola considers a zero-commission model for drivers.
Read Full Article
3 Likes
For uninterrupted reading, download the app