The Arc
@thearc_hq
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Essential news, incisive analysis, and data-led insights about influential tech companies in India. Sign up - https://t.co/PYLzyncR3a
Bengaluru
Joined January 2023
🚨 PhonePe has hired Shivnath Thukral to lead public policy and government affairs 💼. Thukral has spent the last 8 years as the India public policy lead for Meta, which owns Facebook and WhatsApp. Before that, he was with Essar Group.
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RT @madhavchanchani: 🚨 Ola Electric's pivot to profitability is coming at a cost. Co projects its revenues will remain flat or decline in….
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🚨 Ola Electric reports Rs 428 crore net loss in Q1 FY26, up 23% YoY but down 51% on QoQ basis. Operating revenues stand at Rs 828 crore, down 50% YoY but up 35% QoQ
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RT @madhavchanchani: Deepinder Goyal on new food delivery business CEO Aditya Mangla . "Aditya has also been one of the few leaders in the….
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Eternal founder and CEO Deepinder Goyal's mail to the team on Aditya Mangla's appointment
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🚨 Eternal has said that Aditya Mangla will take over as CEO of Zomato, its food delivery business. Mangla has been with Zomato since 2021 and is currently the head of product for food ordering. He takes over from Rakesh Ranjan, who was made the CEO two years ago.
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RT @thearc_hq: 🚨 Cloud kitchen platform Curefoods has filed its DRHP for a public offering. Primary capital raise: Rs 800 crore.Offer for s….
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🚨 Cloud kitchen platform Curefoods has filed its DRHP for a public offering. Primary capital raise: Rs 800 crore.Offer for sale (OFS): 48.54 million shares. Sellers include Iron Pillar, Chiratae and Accel, among others
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For the nine months ended December 2024, Wakefit reported revenue from operations of Rs 971 crore and a net loss of Rs 8.8 crore.
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Wakefit recently expanded its board in the run-up to its IPO filing. It roped in Vishal Mega Mart's Gunender Kapur, Atomberg's Arindam Paul and Bluestone's Sudeep Nagar as independent directors.
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🚨 Mattress and furniture maker Wakefit has filed for its IPO 🛏️🪑🔔. Primary fundraise: Rs 468 crore.Offer for sale (OFS): 58.4 million shares. Peak XV, Verlinvest, and Investcorp are among the major sellers in OFS
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🚨 Payments company Pine Labs has filed its DRHP for IPO. Primary raise: Rs 2,600 crore . Offer-for-sale: 147.8 million shares. Major sellers include early backer Peak XV Partners, Actus and Temasek
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RT @madhavchanchani: 🚨Drone startup Raphe mPhibr has been valued at close to $900 million in the latest funding round by General Catalyst….
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RT @AditiS90: NPCI’s ~47% net margin is significantly higher than most private digital payment players, where net margins are often in the….
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🚨 NPCI continues to be the most profitable payments player in India. Net profit, or what it calls "revenue surplus", went up by 42% to Rs 1,552 crore in FY25 📈.
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The company ramped up its lending business while streamlining the mainstay payments business . Read more .
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🚨 PayU India reported a 24% increase in revenues to $669 million in FY25. Losses also increased by 38% to $44 million during the year
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