Reliance Retail’s Operating Revenue Dips 3.5% YoY In Q2FY25
The net profit of the retailer has grown by 1.3 per cent year-on-year (YoY) to Rs 2,836 crore in the second quarter of the current fiscal
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E-commerce & Marketplaces
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Flipkart Marketplace Surges 42%: Revenue Rockets While Losses Dip In FY23
- by BW Retail World Bureau
- December 29, 2023
Flipkart Internet, the marketplace arm of ecommerce major Flipkart has reported a Rs 14,845 crore growth in its operating revenue by 42 per cent for the financial year 2023. The company’s loss narrowed by 9 per cent to Rs 4,026 crore, according to a media report on Thursday. The firm’s operating revenue in 2022 stood […]
Companies
Finance
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Oyo To Raise $250mn In A Pre IPO Round
- by BW Retail World Bureau
- October 14, 2023
According to media reports, Oyo, the hospitality unicorn, is seeking to secure USD 250 million in funding from investors amidst the delay of its initial public offering (IPO). A significant portion of this capital will be allocated to settling its USD 660 million term loan B. To make the funding round more appealing, Oyo plans […]