Hi there,
That is going to be the yr for the way forward for cash.
Or not less than, that’s what buyers have been betting on, together with Paytm’s backers, because the funds app plots its comeback inside two quarters.
Whereas it did report a narrower third quarter internet loss at Rs 208.5 crore, the fintech nonetheless has a methods to go to get better from the influence of its funds financial institution unit winding down. 2024’s regulatory actions nonetheless weigh considerably on the inventory, which remains to be down 58% from its buying and selling debut in 2021.
Nonetheless, it isn’t the one fintech firm planning development methods this yr. Billionbrains Storage Ventures, the mum or dad firm behind Groww, is working in the direction of a possible market debut this yr, and will search a valuation of $7 billion to $8 billion.
Clearly, the IPO momentum isn’t stopping anytime quickly. Indian startups have raised over $13 billion in 2024, whereas 13 startups went public. Will 2025 be the yr to set a brand new report?
In the meantime, memecoins abound within the crypto market, with President-elect Donald Trump and his spouse Melania releasing the ‘Trump’ and ‘Melania’ tokens, the previous of which crossed $10 billion in market worth in only a couple days since its launch.
The memecoin buzz helped a wider rally within the cryptocurrency market as properly, with Bitcoin setting a brand new report excessive in early buying and selling. Even amid the jubilation, although, crypto consultants have raised issues in regards to the transfer: what occurs to the asset class and its backers when the hype is gone?
In spite of everything, social media virality is such a fickle factor.
In at present’s e-newsletter, we are going to speak about
Demand slowdown hurts Zomato’s profitsZEVO’s EV logistics ambitions Nazara raises Rs 495 Cr
Right here’s your trivia for at present: Till World Battle II, strong blocks of what was generally used as forex in Siberia?
Foodtech
Zomato’s earnings halve in Q3
Meals aggregator Zomato reported a revenue of Rs 59 crore within the third quarter of fiscal yr 2025, which is a little bit over half that it reported a yr in the past at Rs 138 crore.
The Deepinder Goyal-led firm, in its letter to shareholders, attributed the slowdown within the firm’s meals supply phase to a “broad-based demand slowdown.”
Stoop:
Zomato’s income from operations was up 64.35% to Rs 5,405 crore within the third quarter of the monetary yr 2024-25, towards Rs 3,288 crore in the identical quarter of the earlier yr, in line with a BSE submitting.Blinkit, which is Zomato’s fast commerce arm, noticed its income develop 117.23% to Rs 1,399 crore, in comparison with Rs 644 crore final yr.It posted a internet lack of Rs 103 crore within the quarter. On a administration name, Blonkit attributed the losses to its development funding.
<Funding Alert>
Startup: Nazara Applied sciences
Quantity: Rs 495 Cr
Spherical: Stake sale
Startup: KisanKonnect
Quantity: $4.5M
Spherical: Collection A
Startup: Burma Burma
Quantity: Rs 25.46 Cr
Spherical: Fairness
Startup
ZEVO’s EV logistics ambitions

Indian last-mile supply is making a seamless swap to electrical mobility, helped by authorities insurance policies, cheaper electrical car (EV) fleets and more and more strong charging infrastructure in main cities.
Realising this chance, ZEVO started its operations in 2022, with 4 EVs bought on their co-founders’ bank cards. The corporate gives fleet companies to a variety of corporations, together with on-line grocery platform BigBasket and supply firm Shadowfax, amongst others.
New enterprise:
ZEVO is now clocking in Rs 60 crore in annual recurring income and is concentrating on Rs 300 crore by the following monetary yr. Moreover, the corporate is aiming to show EBITDA constructive within the subsequent 4 to 5 months, after which the corporate will deal with attaining profitability as an organisation. ZEVO’s fleet is a blended bag of automobiles that may use battery swapping infrastructure and charging infrastructure. Nonetheless, the corporate is sort of bearish on battery swapping.
Funding
Nazara raises Rs 495 Cr
Nazara Applied sciences raised Rs 495 crore by promoting a 5.4% stake to an entity led by present buyers Arpit Khandelwal and Mithun Sacheti, triggering an open provide.
Axana Estates LLP will purchase the stake by means of a preferential concern of shares at Rs 990 per share, and the deal has been permitted by Nazara’s board, the gaming and e-sports firm stated in an announcement.
Key takeaways:
Following the transactions, assuming full acceptance of the open provide, the overall stakes of the acquirers and PACs, together with the present promoters Vikash and Nitish Mittersain and the promoter group, is anticipated to be round 61.5%, Nazara stated.The corporate plans to make use of the raised capital to speed up natural development, strategic acquisitions, and growth into new markets.Plutus Wealth Administration LLP and Axana Estates LLP, together with PACs, will launch a public open provide to amass an extra 26% stake in Nazara, in line with SEBI rules, it added.
Information & updates
Settlement: Meta’s Fb, Elon Musk’s X, Google’s YouTube and different tech corporations have agreed to do extra to sort out on-line hate speech beneath an up to date code of conduct that may now be built-in into EU tech guidelines, the European Fee stated on Monday.Alternate options: Chinese language refiners boosted purchases of crude oil from the North Sea and the Mediterranean, as Asian processors widened their seek for alternative barrels following the latest US sanctions concentrating on Russian oil.Return: TikTok started restoring its companies on Sunday after President-elect Donald Trump stated he would revive the app’s entry within the U.S. when he returns to energy on Monday.
Till World Battle II, strong blocks of what was generally used as forex in Siberia?
Reply: Tea.
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