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Krishca Strapping Solutions Limited reported total revenue of ₹151.08 Crores for FY25, with H2 contributing ₹87.24 Crores. The company achieved an EBITDA of ₹24.29 Crores and a profit after tax of ₹11.60 Crores, resulting in an earnings per share of ₹8.33.
Aldar has unveiled a $10.9 billion master plan for Fahid Island in Abu Dhabi, featuring over 6,000 residential units and a 4.6-kilometer beachfront. The development, situated between Yas and Jubail Islands, aims to enhance the emirate's global profile with mixed-use spaces and a vibrant community atmosphere. Notable architectural firms are involved in the design, reflecting the growing interest in Abu Dhabi's luxury real estate market.
Indian B2B platform Udaan has successfully raised $114 million in its Series G funding round, led by M&G Investments and Lightspeed. The capital will enhance its presence in key sectors like FMCG and HoReCa, while also expanding private label offerings and preparing for a public market listing. With a valuation of $3.1 billion and a 70% market share in India's eB2B space, Udaan exemplifies the maturation of the startup ecosystem, focusing on sustainable growth and profitability.
capitalCORN has successfully advised Uni Seoul on a ₹5 crore seed funding round, led by Sauce VC, a venture capital firm focused on promising consumer brands in India. Founded in 2023 by childhood friends Mohit Khurana and Gaurav Karmani, Uni Seoul is establishing itself in the Korean-inspired lifestyle market.
Nykaa's parent company, FSN E-commerce, experienced a 2% drop in shares, opening at Rs 199 despite reporting strong Q4 results. The beauty and fashion retailer nearly doubled its profit to Rs 19 crore, with operating revenue rising 23.6% year-on-year to Rs 2,016.7 crore, fueled by customer acquisition and brand partnerships.
D2C fashion brand Snitch has successfully raised $39.6 million in its Series B funding round, led by 360 ONE Asset. The investment will enable the brand to double its offline store presence, venture into quick commerce, and pilot operations in international markets.
[Bloomberg]
TVS Motor led the electric two-wheeler market in May 2025 with sales of 26,144 units, capturing a 26% market share, while Bajaj Auto followed closely with 28,062 units sold and a 27% share. Ola Electric's sales fell to 17,947 units, resulting in a market share drop to 17.89%, reflecting a significant decline from the previous year. The shift in consumer preferences towards reliability and service quality is evident as traditional manufacturers leverage their established networks, while Ola faces financial challenges amid declining sales.
Xiaomi has launched its new sports utility vehicle, the YU7, in 13 showrooms across Beijing, aiming to compete with Tesla's Model Y in the largest auto market. Orders for the YU7 will begin in July, as the company seeks to replicate the success of its SU7 sedan, which has consistently outsold the Model 3 since December. Analysts suggest the YU7 could significantly challenge Tesla's dominance in the segment.
Instacart has appointed Chris Rogers, the company's chief business officer, as its new CEO, effective August 5. He replaces Fidji Simo, who is leaving to take a leadership role at OpenAI while remaining chair of Instacart's board. The transition follows a swift succession plan initiated by the company.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
krishca strapping solutions reports over 150 crores in revenue for fy25
12:16 02.06.2025
abu dhabi unveils 10.9 billion dollar development plan for fahid island
11:09 02.06.2025
Udaan secures 114 million dollars in series G funding to expand B2B operations
09:16 02.06.2025
capitalCORN secures 5 crore seed funding for Uni Seoul from Sauce VC
08:46 02.06.2025
nykaa shares decline despite strong fourth quarter financial performance
07:16 02.06.2025
D2C fashion brand snitch secures 40 million dollars for expansion efforts
07:00 02.06.2025
Nintendo increases retailer margins for Switch 2 to support Japanese market
05:00 02.06.2025
TVS Motor and Bajaj Lead E-Scooter Sales as Ola Electric Declines
04:38 02.06.2025
Xiaomi launches YU7 SUV to compete with Tesla Model Y in Beijing
23:44 01.06.2025
Instacart names Chris Rogers as new CEO following Fidji Simo's departure
19:59 01.06.2025
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