Latest news with #IPO-bound
Time of India
6 days ago
- Business
- Time of India
Startups chase profits, their ticket to Dalal Street
MUMBAI: Startups gearing up to go public are setting their financials in order - cutting losses and chasing profitability. IPO-bound Urban Company reported its first full year of profitability in FY25, the firm said in its annual report last week. Although much of the profits - Rs 240 crore on a consolidated basis - came on the back of a Rs 211-crore deferred tax credit, the startup managed to turn in profits even on a pre-tax basis. Hit by the tech downturn post pandemic that saw valuations of loss-making startups getting eroded in private market and investor narrative shifting from growth at any cost to profits - companies had already begun fixing their financials; those eyeing an IPO had been more focused given the affinity of public markets for profitable firms and the added scrutiny they bring forth. The trend is not new but in the current times, companies may have to do more than just paring losses. In a volatile market situation, the bar for IPOs is much higher and it is imperative for companies to be profitable, analysts said. "The revenue metrics are no longer benchmarks from a (IPO) valuation perspective. For even the anchor book to come in, profitability is important. Ebitda level profitability is also fine but investors will not favour companies that burn cash," Mehekka Oberoi, fund manager at IIFL Fintech Fund told TOI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] Health Benefits Undo Given that there are some listed startups today, the benchmarks for companies now going IPO are higher and profitability has become more important, said Gopal Jain, managing partner at Gaja Capital. "There is less space for vanity metrics in public markets. Because they cater to all kind of investors, they focus on simple metrics like profitability." "Also, public markets show leniency when new sectors are born, as the sectors become deeper, the bar for subsequent companies go up," Jain said. Urban Company now joins the league of players like Groww which are profitable; Oyo which is making its third attempt in going public is also in the black. Meesho and Lenskart heavily cut down on their losses in FY24, their latest filings show; analysts do not rule out more companies reporting profitability for FY25. Meesho's consolidated losses narrowed to Rs 304 crore in FY24 from Rs 1,675 crore in FY23. The company had earlier this year said that excluding Esop costs, its losses stood at Rs 53 crore in FY24 and it managed to turn profitable in Q2FY24. Lenskart's consolidated losses narrowed to Rs 10 crore in FY24 from Rs 64 crore in FY23. Shiprocket had said that it expects to record profits in FY25. Yet, there is much work ahead - companies such as Physicswallah saw their losses balloon in FY24. "As IPO-bound companies gear up for public spotlight, key lessons from recent listings are clear: markets value consistency, discipline, and predictability over aggressive short-term growth," said Nishit Garg, partner, Asia investment team at RTP Global. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
13-06-2025
- Business
- Business Standard
IPO-bound Allchem in legal tussle with Alkem over trademark infringement
IPO-bound Allchem Lifesciences adds legal dispute with Alkem to DRHP as Delhi HC directs both firms to mediation and next hearing is scheduled for 9 July Sanket Koul New Delhi Listen to This Article Vadodara-based Allchem Lifesciences on Friday issued an addendum to its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), highlighting a suit filed by Alkem Laboratories against it in the Delhi High Court. The suit, filed on 23 April, alleges infringement of Alkem Labs' trademark with respect to the use of the name Allchem by the initial public offering (IPO)-bound company. In its submission to the Delhi HC, Alkem has sought a permanent injunction on the use of the name 'Allchem' and the offer under this name, along with damages of ₹2 crore for the
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Business Standard
12-06-2025
- Business
- Business Standard
Shiprocket partners with Fynd to improve last-mile delivery for D2C brands
IPO-bound Shiprocket, an e-commerce enablement platform, on Thursday announced a strategic partnership with AI-native commerce platform Fynd to enhance last-mile delivery for over 300 direct-to-consumer brands. With this partnership, Fynd will also integrate Shiprocket's logistics provider aggregation services, including courier selection, price comparisons, and order tracking, enabling brands on Fynd to fulfil orders using Shiprocket's logistics partners, the company said in a statement. The service is already live for over 300 active direct-to-consumer brands on Fynd's order management system. With Shiprocket's network, the partnership is expected to improve delivery timelines, especially in Tier II and Tier III markets, it added. "This partnership brings logistics automation and delivery optimisation to the fingertips of Fynd's brand ecosystem. Partnering with Fynd brings that vision to life for hundreds of growing D2C businesses," said Shiprocket's Chief Executive Officer (Domestic Shipping) Atul Mehta. Ragini Varma, Chief Business Officer - India, Fynd, said, "This partnership means fewer trade-offs, broader reach, and a faster path to scale. It's the infrastructure that thinks -- so brands can focus on building what's next".
Time of India
17-05-2025
- Business
- Time of India
IPO-bound Shiprocket launches India's first AI-integrated MCP server to drive autonomous eCommerce
IPO-bound has unveiled India's first AI-integrated Model Context Protocol (MCP) server, a move the company described as a major leap towards autonomous . In a statement released on Friday, Shiprocket said the new MCP server empowers AI agents to autonomously perform core operations — including checking shipping rates, processing orders, and tracking deliveries — using a single line of instruction. Tired of too many ads? go ad free now The company emphasized that the technology is designed specifically for direct-to-consumer (D2C) brands and micro, small, and medium enterprises (MSMEs), offering faster execution, seamless integration, and hands-free operation, all backed by enterprise-grade security, PTI reported. 'Our MCP Server launch marks a transformative shift from manual workflows to autonomous operations powered by AI. This is how we enable millions of businesses to work smarter, respond faster, and scale effortlessly,' said Saahil Goel, Managing Director and CEO of Shiprocket. He further added, 'This is more than just an integration, it's a new interface for eCommerce. We're enabling a world where AI doesn't just support business decisions, it executes them.' With this rollout, Shiprocket aims to transition from traditional manual processes to a fully autonomous commerce infrastructure, aligning with its broader vision of redefining digital commerce in India.
Time of India
24-04-2025
- Health
- Time of India
Fractal proposes indigenous AI medical models to improve healthcare
HYDERABAD: IPO-bound Fractal Analytics submitted a proposal to the IndiaAI Mission to build indigenous medical foundation models aimed at improving healthcare accessibility , medical education, and clinical decision support. Srikanth Velamakanni, co-founder of Fractal Analytics, said the estimated cost of the project would be around Rs 150 crore. Fractal proposed building a comprehensive family of foundation models—from base language models to specialised medical reasoning systems with multimodal capabilities to advance AI in healthcare, aimed at transforming the medical landscape. "The PG NEET test is taken by 200,000 people every year. Indian doctors take it annually for their post-graduation in medicine. On that test, we scored 83, which is our benchmark. All the other open-source models we accessed scored much less than that. We launched Vaidya AI to elevate it to the next level by building India's biggest breakthrough medical model," Velamakanni Mumbai-based company developed India's first multimodal medical assistant, which outperformed frontier language models like GPT-4o, Gemini, and Llama 3.2 on the PG NEET benchmark. Trained extensively with more than 650,000 images and 200,000 text samples, exhibits proficiency in processing various Indian languages, such as Hindi, Kannada, Tamil, and Telugu. Fractal's proposal said that multimodal reasoning systems possess the capability to recognise patterns of symptoms, enhancing diagnostic assessments through analysis and verification across X-rays and CT scans. These systems function by validating signals between different modes of data collection, such as establishing connections between minute features of lung nodules visible in CT scans, alterations in respiratory measurements from wearable devices, and descriptive information documented in clinical records. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo India's healthcare system demonstrates a pressing need for technological advancements. The disparity in healthcare access is particularly evident in rural and semi-urban regions, where the ratio of doctors to patients surpasses 1:1,500, significantly higher than the WHO's recommended standard of 1:1,000. He said the medical reasoning model supports doctors and patients with diagnosis and health-related questions. "The model can aid medical reasoning. It can assist a doctor in reaching a diagnosis. It could help a patient understand their symptoms or determine what their side effects might be. It can also provide guidance on what nutrition they should follow." The tech roadmap has two phases, with the first one incorporating a foundational language model trained from scratch on 18T tokens, STEM content, coding, and educational material. It also includes a multimodal foundation integrating the vision encoder with the language model. The second phase includes meta-cognitive abilities, self-reflection, and expert-level medical reasoning capabilities. Velamakanni said Fractal has an extensive collection of educational materials, including PG NEET and MBBS examination books covering the five-year medical programme. The dataset underwent thorough preparation through text standardisation, medical term identification, and contextual parsing before being utilised to calibrate Vaidya, ensuring its foundation in reliable, examination-focused medical knowledge and clinical analysis. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
