Instamart weighs heavy on Swiggy’s bottomline; Unicommerce doubles down on profitability
Swiggy’s quick commerce drive is impacting its bottomline, widening its Q2 losses by nearly 75% YoY to Rs 1,092 crore. While Instamart’s gross order value and average order value both increased, its core operational loss widened significantly to Rs 739 crore.
Fertility startup Pluro raises Rs 125 Cr Series A funding from Bessemer Venture Partners
Pluro will use the fresh capital to expand its network presence, invest in technology, and deepen clinical capabilities in advanced reproductive science.
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With demo run in Mumbai, Elon Musk’s Starlink prepares for India launch
Tesla CEO, Elon Musk has decided to demo run his satellite internet company, Starlink Satellite Communications Pvt. Ltd. in Mumbai. The company has leased around 1,294 square feet of office in the Chandivali area for about 2.33 crore.
