June 11th, 2018The Gurugram-based online fashion-forward brand FabAlley has ended the financial year in March 2018 with EBITDA profitability with the help of its massive offline augmentation. The company exited the financial year 2017-18 with gross merchandise value (GMV) of INR 80 Cr ($11.85 Million).
FabAlley is the ultimate Indian fashion...
June 8th, 2018Mukesh Ambani-owned Reliance Jio Infocomm has reported a considerable growth in profits in the March-ended financial year. Reliance Jio saw a net profit of Rs 510 crore in the quarter ended March compared with Rs 504 crore in the previous three months. Jio’s operating revenue increased 3.6 percent reaching to Rs 7,128 crore.
The...
May 30th, 2018India’s leading mobile internet company, One97 Communications Ltd. that owns Paytm carries on to make some profits through its inherited mobile non-core services business. According to the detailed financial statement filed with Registrar of Companies (RoC), the profit is considered to be 45% of the total revenue of One97 in the...
May 25th, 2018Uber is currently facing a lot of competition with India-based cab aggregator rival Ola, in Australia. However, the global leader in the ride-hailing market’s CEO, Dara Khosrowshahi, reportedly stated that the company will keep investing in its products and technology in emerging markets such as India and Middle East.
In an email...
April 26th, 2018Facebook recorded a significant increase in profits in the first quarter of 2018, thanks to a growing user base and bigger revenues from ads as the social media giant seems to suffer neither harm nor backlash after the recent data leak of over 87 million Facebook users.
The profits the Silicon Valley-headquartered company recorded in...
February 8th, 2016Indian restaurant search and food delivery service Zomato, one of only a handful of Indian start-ups to succeed abroad, said on Monday. It had broken even in key markets including India and is on track to make a profit as early as June next year.
The result comes as Zomato seeks $200 million in funding, a source close to the group...
