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Zepto delays IPO; Urban Company in the red Want this newsletter delivered to your inbox? Also in the letter Zepto to refile IPO papers in
Zepto delays IPO; Urban Company in the red Want this newsletter delivered to your inbox? Also in the letter Zepto to refile IPO papers in two quarters: CEO Aadit Palicha tells employees What's happening? Verbatim Valuation math Atomberg converts into public company, adds independent directors ahead of IPO Urban Company posts Rs 92 crore loss in Q1 vs profit year ago Financials Net result: Swung to a net loss of Rs 92 crore, from a net profit of nearly Rs 7 crore a year ago. Swung to a net loss of Rs 92 crore, from a net profit of nearly Rs 7 crore a year ago.
Operating revenue: Up 44% year-on-year (YoY) to Rs 528 crore from Rs 367 crore. Up 44% year-on-year (YoY) to Rs 528 crore from Rs 367 crore. Total income: Up 42% to Rs 566 crore. Up 42% to Rs 566 crore. Total expenses: Up 66.5% YoY to Rs 640 crore. InstaHelp drags Also Read Shadowfax reports 8x jump in Q1 net profit, revenue up 65% The numbers Net profit: At Rs 65 crore from Rs 8 crore a year ago. At Rs 65 crore from Rs 8 crore a year ago.
Operating revenue: Up 65% YoY to Rs 1,358 crore from Rs 823.5 crore. Up 65% YoY to Rs 1,358 crore from Rs 823.5 crore. Orders delivered: Up 83% YoY to 24.7 crore, and 9% higher than the previous quarter. Tell me more E Elevation Capital partner Mayank Khanduja in talks to join Silicon Valley fund Bessemer Driving the news Leadership churn IT secretary S Krishnan says protest content takedowns lawful What's happening? Also Read Parliamentary panel calls Google, Meta, X, Snapchat for discussion on digital platforms regulation In other news Also Read Govt issues takedown notices for objectionable and anti-PM posts Apple posts record June quarter revenue of $109.4 billion By the numbers Revenue: Up 16% YoY to $109.4 billion.
Up 16% YoY to $109.4 billion. Regional growth: The Americas remained Apple's largest revenue market. Greater China (22.42%), Europe (22.4%), Rest of Asia Pacific (15.6%). CEOSpeak Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results The numbers
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