Ebitda Positive News Today

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkits GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkits GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

Myntra posts strong growth, staying EBITDA positive. GMV growth 2x online fashion market. MAU reaches ~60M by 2023 end. Emphasis on non-apparel, premium fashion, Beauty, and Gen-Z.

Unnati Agri, an agriculture supply chain and financial services startup, achieved break-even status in October 2023, achieving a 2x growth compared to the previous year. The companys financial performance was EBITDA positive, with 1.1% margins. Unnatis exclusive branded product line, including seeds, fertilizers, and crop protection solutions, experienced 8-9x year-on-year growth.

Business News: NEW DELHI: Fintech unicorn BharatPe on Tuesday said it has turned Ebitda positive in October.

In October, BharatPe facilitated loans exceeding Rs 640 crore for its merchants in partnership with its NBFC partners, witnessing a 36 percent YoY growth.

Here are the top headlines from the startup space.

The company is mainly looking to open hospitals in Maharashtra, Delhi and Uttar Pradesh, a shift from its established ground in South India, company Chairman Dr. Amar Agarwal told ET. "Most of our new hospitals will be acquired instead of built," he said, adding that it was a more efficient way to break ground in newer territory. The company, he said, has 10 new acquisitions lined up in these regions, which are expected to be completed by the end of this year.

OYO India business EBITDA positive, firm on path of resurgence: Ritesh Agarwal Ritesh Agarwal, founder of Oravel Stays Pvt. Ltd that runs Oyo Rooms. Photo: Bloomberg 1 min read . Updated: 17 Mar 2021, 06:20 PM IST PTI OYO is on a steady path of resurgence in 2021 and we are seeing signs of recovery across India, Europe, and Southeast Asia. OYOs survival through the Covid crisis and our resurgence show that we are a company with strong fundamentals and high value potential, said Ritesh Agarwal...

Representative Image ANI | Updated: Jan 11, 2021 21:36 IST New Delhi [India], January 11 (ANI): Under Union Minister Ravi Shankar Prasad, five years ago, BSNLs growth in income and ability to contain expenditure in salary, administrative, employee remuneration and other benefits, helped in growing EBITDA to Rs 3,855 crore in 2015-16 from Rs 672 crore in 2014-15 and now after few "troubled" years and a revival package BSNL is once again back on the track of...