Flipkart-owned online fashion retailer Myntra narrowed its losses by 23% to Rs 627.7 crore for the year ended March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
The Tiger Global- and Swedish investor AB Kinnevik-backed online classifieds company Quikr narrowed its losses to Rs 301.2 crore in FY17 against Rs 554.1 crore in FY16, filings with registrar of companies and data platform To
With healthy competition and no fear of monopolies emerging, consumers' only stand to gain. The three players would help in building a strong supply chain and logistics which would ensure quicker delivery mechanism.
Ahead of selling a majority stake to a strategic investor, Flipkart has initiated the exercise to buy back shares from its minority shareholders by paying around $350 million to convert the company into a private limited one
Ratan Tata and SAIF Partners-backed on-demad home services company UrbanClap has reduced its net loss to Rs 50 crore in FY18 compared to a loss of Rs 67 crore in FY17, Abhiraj Bahl, co-founder and CEO of the company, told FE.
Star India-owned video-streaming platform Hotstar posted a near 20% increase in losses at Rs 489 crore for the year to March 2017, according to filings with the Registrar of Companies (RoC) and data platform Tofler.
Uber India Technology, the Indian subsidiary of US-based online cab aggregator Uber, posted 52.3% increase in net profit to Rs 3.2 lakh for the year ended March 2017, according to filings with the Registrar of Companies (RoC)
As a content market, there are similarities between Japan and India. Consumers in both India and Japan watch a lot of local content alongside US content, whereas in markets like Australia and Singapore, US content is extremel
This further translates into a 7.21 TV ratings percentage point (India urban, males 15+AB) on the Star network. In 2017, the 10th season of the IPL, which was aired on the former broadcaster of the games on Sony, recorded 88.
With about 15 days to go for the 11th edition of the Indian Premier League (IPL), Star India — the official broadcaster of the T20 tourney — is understood to have sold more than 80% of its advertising inventory.
Unilever Ventures-backed online grocery company Milkbasket is expected to close FY18 with a three-fold jump in revenues at about Rs 40 crore, Milkbasket co-founder and CEO Anant Goel told FE. The e-grocery firm reported reven
While advertisers were always expected to move to digital channels what’s surprising is that subscriptions too are coming in. While, in 2016, they accounted for less than 3% of advertising revenues, at Rs 2,000 crore, they
With the advertising spend on free-to-air (FTA) channels in the Hindi GEC space growing at a faster rate of 16%, its contribution to the overall revenue is expected to increase to 25% — at about Rs 1,400 crore in 2018.
Buyers aren’t worrying too much about how much it will cost to buy or create content since that’s what will attract more viewers. As Sameer Batra, CEO, Wynk, says, this is a big investment phase with everyone creating and