August 2023 – Page 35

Redseer: India will likely have 40 IPO-ready startups by FY25

In contrast to FY21, nearly twice the number of Indian unicorns are on their way to profitability in FY23. (Representative Image: Mika Baumeister via Unsplash)

Indian startups have been focusing on profitability, weathering through macroeconomic headwinds and a funding winter. The result of which the partner at Redseer, Rohan Agarwal says will be a sizable pipeline of IPO-ready companies in the next 5 years.

Rediffusion appoints Dipty Gurjar to lead Bombay client servicing function

Gurjar with over 15 plus years of experience across India and Australia; having worked on a varied brand categories.

Previous to Rediffusion, Gurjar has worked in India with agencies such asThe Womb, Leo Burnett, Havas Media (earlier known as Euro RSCG) etc. and agencies like Chameleon and Impact in Australia.

WPP enters into a global strategic partnership with Spotify

Currently, the most used technologies to unlock creativity among leaders are collaboration platforms (65%), visual communication (64%), and data visualization tools (56%). (Representative Image: Ashkan Forouzani via Unsplash)

As part of the partnership, Spotify will become the first digital audio platform to be integrated directly into WPP’s products and solutions.

Rajya Sabha passes the Press and Registration of Periodicals Bill, 2023

DB Corp's ad revenue grew by 1 percent to Rs 829 crore in 1H FY25 .(Representational image via Unsplash)

New Bill introduces registration for periodicals, empowers press registrar general and sets penalties for non-compliance.

Explained: What are the GST Council’s tax recommendations for online gaming?

In the letter, Chandra alleged that hasty steps are being taken in the merger process and the SEBI investigations do not bother him as much as the timing of the new notice. (Image via Twitter)

The 51st GST Council meeting on August 2 approved 28% GST on online gaming on full face value, clearing doubts and confusion surrounding the matter.

Zomato Q1 Results: Food aggregator posts first ever profit at Rs 2 cr as delivery margin jumps

According to Deepinder Goyal, "Cancelled orders will now pop up for nearby customers, who can grab them at an unbeatable price, in their original untampered packaging, and receive them in just minutes."

Zomato Q1 Results: The company had been guiding for profitability before but they have done it a quarter before the specified timeline. CFO Akshant Goyal expects its business to remain profitable going forward. “We believe we will continue to deliver 40 percent+ YoY topline (Adjusted Revenue) growth for at least the next couple of years.”

Founder Falguni Nayar takes charge amidst resignations and intensified competition at Nykaa

Nayar is the founder & CEO at Nykaa. She quit her 25 year career in finance to chase her dream of building India’s premier online retailer for beauty and wellness.

In recent years, Nykaa has adeptly protected itself from larger e-commerce players like Flipkart and Amazon. However, the landscape is shifting as the beauty and personal care industry becomes a high-stakes battleground, currently estimated at $17-18 billion.

Dabur Q1 results: Net profit up 5.3 percent to Rs 464 cr

Dabur India's net profit also witnessed a decline of 17 percent to Rs 425 crore YoY

Dabur’s international business reported a 20.6 percent growth in constant currency terms. The Turkey business reported a 51.2 percent growth, while the Egypt business grew by 45.7 percent, Sub-Saharan Africa by 13 percent and MENA by 10.2 percent.

Deepika Padukone joins Dyson as hair care technologies brand ambassador

Deepika Padukone on her association said, "I’ve always believed that a hairstyle can make or break a look. I truly believe that this association will inspire people to achieve superior hair styles while also caring for the health of their hair.”

By roping in Deepika Padukone, the brand Dyson aims to increase awareness around the importance of maintaining hair health, while continuing to drive relevance for Dyson’s technologically advanced styling tools.

GST Council clears the way for taxing offshore gaming companies; experts divided on its impact

For quite some time now, companies like 1XBet, DafaBet, Fairplay, Parimatch, and Betway have been ramping up their advertising efforts in India, coinciding with the action-packed events like Indian Premier League cricket season, World Cup and others. In fact, they have been using the GST chaos for moment marketing purposes as well. Platforms like Fairplay have been using influencers to promote features such as '24X7 winning withdrawal, no GST, and referral code bonuses’.

The council recommended inserting a specific provision in the IGST Act, 2017, to provide for liability to pay GST on the supply of online money gaming by a supplier located outside India.