Ishan Patra

The Manan Khurma-led edtech firm reported an operating revenue of Rs 126.4 crore in FY24, a 4.9% increase from the Rs 120.5 crore reported in the previous fiscal year.

The spacetech firm is still in the pre-revenue phase as it continues to invest heavily in technology and infrastructure, with substantial research and development costs contributing to ongoing financial losses.

The social media firm’s net profit surged 35% year-on-year to $15.7 billion, while its revenue rose 19% year-on-year to $40.6 billion.

Apple chief Tim Cook confirmed the opening of four new stores for customers in India.

The Noida-based company also revised its FY 2022-23 figures, now reporting a loss of Rs 84.1 crore, in contrast to the Rs 8.9 crore profit previously stated in its earlier consolidated financial statements.

This latest financing prioritises social impact with a minimum financing threshold of 30% for women and 50% for individuals from low- and lower-middle-income countries.

Space tech startup Pixxel noted it raised Rs 185.4 crore (~$21.9 million) via rights issue during FY24.

Co-founders Raj Kunkolienkar and Aditya Kulkarni posted on social media platform X saying they are ‘closing the doors on Stoa’.

The Chennai-based firm said that the new capital will be pivotal in its pursuit of global regulatory certifications and accelerating its commercialisation efforts.

Amit Sachdeva’s appointment comes as the Noida-based edtech firm gears up for its initial public offering (IPO), where he will lead the company’s strategic and financial initiatives.