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ProcMart’s GMV Surges 5X, Profits Plummet by 56.5% in FY24

B2B procurement marketplace ProcMart saw explosive growth, with its gross merchandise value (GMV) increasing 5X in FY23 and FY24. However, despite a 200% rise in revenue to Rs 621.5 crore in FY24, profits dropped 56.5%, driven by soaring material costs and operational expenses.

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September 21, 2024

ELIVAAS Raises $5 Million in Series A Funding to Boost Vacation Rental Platform

ELIVAAS, a Gurugram-based vacation home rental platform, has successfully raised $5 million in its Series A funding round.
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September 21, 2024

OYO to Acquire G6 Hospitality for $525 Million in All-Cash Deal

OYO, the Indian-based hospitality giant, has announced a significant move to acquire G6 Hospitality, the company behind the
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September 20, 2024

Infibeam Avenues Set to Launch RediffPay, Joining UPI Market

Infibeam Avenues Limited is set to launch a new payment app, RediffPay, which will place the company in
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