Inc42 Media

Inc42 Media

Technology, Information and Media

New Delhi, Delhi 524,231 followers

The Authoritative Voice On The Indian Startup Ecosystem | Celebrating A Decade Of Excellence

About us

🚀 Inc42 – India’s largest tech media platform on a mission to accelerate the GDP of India’s tech & startup economy. We are passionate about innovation, entrepreneurship, and the remarkable journey of startups in India. We have bolstered India’s tech & startup economy for over a decade now and we do this by focusing on three core elements — Content, People and Connections. 💡 Content: From breaking the latest news, to discovering the hottest startups, to spotting upcoming trends to simplifying complex concepts – 30,000+ Stories & 50+ Research Reports. 🌍 People: Inc42 reaches 25 Mn+ tech leaders & professionals every month along with a footprint of 5 Mn+ social reach with its quality editorial stories & in-depth research. 🗣️ Connections: With 100+ events & conferences & 50,000+ attendees catered to, Inc42 facilitates connections between brands & India's tech community by crafting compelling experiences. Join 400,000+ readers and stay updated on the latest news & insights from the booming Indian startup ecosystem. #Startups #India #Entrepreneurship #Innovation #Tech #Economy

Industry
Technology, Information and Media
Company size
51-200 employees
Headquarters
New Delhi, Delhi
Type
Privately Held
Founded
2014
Specialties
Startups, News, Media, Publishing, Technology, Business, Entrepreneurship, Leadership, Innovation, Finance, Fintech, Economy, India, Business, Fundraising, VC, Growth, Data, Investment, and Strategy

Locations

  • Primary

    59/16, 4th Floor, Jujhar Tower

    RD Marg, Kalkaji

    New Delhi, Delhi 110019, IN

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Employees at Inc42 Media

Updates

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    Zomato-owned Blinkit is seeing an increasing number of ecommerce users shift to the quick commerce vertical, the latter’s CEO Albinder Dhindsa has said 👇 Blinkit posted another strong quarter of results, with the quick commerce vertical’s revenue jumping 22% quarter-on-quarter to INR 942 Cr in Q1 FY25. Gross order value (GOV) rose 130% year-on-year (YoY) and 22% quarter-on-quarter (QoQ) to INR 4,923 Cr. Dhindsa attributed Blinkit’s growth to a shift in consumers of next-day delivery ecommerce platforms to the quick commerce platform. “… This has led to a direct share shift of a number of non-grocery use cases to quick commerce where customers were primarily reliant on e-commerce for buying these products,” he said in Zomato’s shareholders’ letter. Besides, Dhindsa also said that a lot of demand in the “festive and impulse categories” is incremental demand, as it would have gone unaddressed without quick commerce. 🔗 To read more in detail, click here: https://lnkd.in/g8XVDJUA #news #Blinkit #quickcommerce

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    The most awaited startup list of the month is out! We are so excited to announce this month’s 30 Startups To Watch series – featuring the 30 hottest startups on our radar for July 🚀 According to Inc42’s “India’s Top Startup Investor Ranking H1 2024 Survey,” more than 90% of the 50+ surveyed investors view 2024 as the turnaround year for Indian startups. In this month’s cohort, we observed that a mere 8 startups raised more than $1 Mn in funding – signalling the fading reliance on external capital. However, 16 early stage startups raised $1 Mn or below and the remaining were proudly bootstrapped. With this trend, it is safe to assume that the persistent funding correction has made early stage startups less reliant on initial funding. Meanwhile, around a quarter of these startups are in the D2C space, with the remaining spanning fields as diverse as cleantech, B2B SaaS, generative AI, edtech and gaming. Now, as we welcome the resurgence of optimism in the Indian startup space with the annulment of angel tax and receding funding winter, here are the 30 startups that caught our attention in July. Let’s take a look at who made the list 👀👇 #startups #30stw #entrepreneurship 

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    Bhavish Aggarwal-led Ola Electric has raised INR 2,763 Cr from anchor investors at INR 76 per equity share👇 The electric vehicle (EV) startup, whose initial public offering (IPO) will open on Friday (August 2), allotted 36.35 Cr shares to 84 anchor investors.  “The board of directors of the company at its meeting held on August 01, 2024, in consultation with the Book Running Lead Managers to the offer, has finalised allocation of 363,556,135 equity shares, to anchor investors at anchor investor allocation price of INR 76 per equity share,” it said. Investors like SBI, HDFC, Nippon Life, Nomura Asset Management, Government Pension Fund of Norway, Fidelity, Goldman Sachs Pte, and Societe Generale participated in the anchor round. The startup said that a total of 10 mutual funds applied through 31 schemes for the shares. #startup #investment

    Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

    Ola Electric IPO: EV Startup Raises INR 2,763 Cr From Anchor Investors

    inc42.com

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    Zomato’s consolidated net profit zoomed multifold YoY to INR 253 Cr in Q1 FY25 – for context, the startup posted its maiden profitable quarter in Q1 FY24, with a net profit of INR 2 Cr 👇 🔶 Zomato’s profit also rose nearly 45% from INR 175 Cr on a QoQ basis. 🔶 Zomato’s revenue from operations jumped 74% to INR 4,206 Cr in Q1 FY25 from INR 2,416 Cr in the corresponding quarter last year. 🔶 Blinkit witnessed a massive 145% jump YoY and a 22.5% rise QoQ in its revenue to INR 942 Cr in the reported quarter. What are your thoughts on this? #zomato #financials #WTFbyInc42

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    Let’s take a look at 43 startups disrupting the Indian F&B market👇 🔶 With over 140 Cr people having an affinity for a variety of food and beverages, Indian founders have found a lucrative market — and as per Inc42, the space is expected to grow to $68 Bn by 2030. 🔶 According to our analysis, the F&B industry commands a 27% share in the Indian D2C space, just after the beauty and personal care segment at 28.6%. 🔶 From established brands like Amul India, Baskin Robbins, and McDonald's to startups like iD Fresh Food (India) Pvt. Ltd., Chaayos, and Paper Boat – there is no dearth of choices for Indian consumers, and still, there is enough headroom for both the existing and new players to flourish in the sector. The influx of new startups with innovative product ranges has undoubtedly revitalised the sector. What are your thoughts on this? #food #startup #d2c 

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    Foodtech major Zomato is launching a new app ‘District’ for its ‘going-out’ business. The app will allow customers to discover and book restaurants and offer additional use cases such as booking tickets for movies, sports, live performances, among others👇 In its shareholder letter, Zomato CEO Deepinder Goyal said that Zomato’s dining-out business is now operating at a run-rate of over $500 Mn annualised GOV (gross order value) and is already profitable. Additionally, he said there is an opportunity to add other services besides ‘dining out’ in the ‘going-out’ business. Additional use cases for customers in the going- out space include, movies, sports ticketing, live performances, shopping, staycations among others, Goyal said, adding that the company has already launched some of these and is working on the others. 🔗 To read more in detail, click here: https://lnkd.in/g8_aapyH #news #zomato #business #customers

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    Amid the digital borrowing boom in India, the Adani Group’s superapp Adani One has rolled out a pilot project in partnership with digital lending firms and non-banking financial companies (NBFCs) to offer loans on the platform 👇 Adani Digital Labs — the digital arm of the Adani Group’s flagship entity Adani Enterprise – has inked a deal with fintech soonicorn KreditBee’s NBFC arm KrazyBee Services to offer personal loans. The loan facility is expected to go live on the app soon. Under the terms of the agreement, Adani Digital will reportedly act as a lending service provider while KrazyBee will purportedly disburse loans in the range of INR 1000-INR 5 Lakh. 🔗 To read more in detail, click here: https://lnkd.in/gbC6Avh4 #news #Adanigroup #fintech

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    Online travel aggregator ixigo posted a 78% jump in its profit after tax (PAT) to INR 14.85 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25) from INR 8.36 Cr in the year-ago quarter 👇 Revenue from operations rose 16% to INR 181.87 Cr in Q1 FY25 from INR 156.55 Cr in the corresponding quarter last year. The startup’s EBITDA zoomed 62% year-on-year (YoY) to INR 19.2 Cr in Q1 FY25. 🔗 To read more in detail, click here: https://lnkd.in/gx3pGPag #news #ixigo #financials #revenue

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    Delhi NCR-based non banking financial company (NBFC) Clix Capital has raised INR 220 Cr in a fresh funding round led by existing investors Apollo Global Management and GE India’s former executives Pramod Bhasin and Anil Chawl 👇 The company seeks to use the fresh funds to strengthen its lending capabilities across MSME, education and healthcare equipment sectors, enhance its credit profile and significantly invest in new age AI & ML technologies. Founded in 2016 by Pramod Bhasin and Anil Chawla, Clix Capital offers business loans, loans against property, school financing, among others. For business financing, the NBFC offers SME/MSE loans, working capital loans, unsecured business loans, among others. 🔗 To read more in detail, click here: https://lnkd.in/gmFXiExJ #news #NBFC #funding

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    Zomato’s quick commerce vertical Blinkit posted a revenue of INR 942 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25), up 145% from INR 384 Cr reported in the year-ago period👇 On a quarter-on quarter (QoQ) basis, Blinkit’s revenue jumped 22.4% from INR 769 Cr reported in Q4 FY24. The quick commerce vertical’s adjusted EBITDA loss further improved to 3 Cr in Q1 FY25 from INR 133 Cr in Q1 FY24 and INR 37 Cr in Q4 FY24. 🔗 To read more in detail, click here: https://lnkd.in/gichMWVQ Deepinder Goyal | Albinder Dhindsa #news #zomato #blinkit #revenue

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