News That Matters

Blog

Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth
No Comments
Finance

Swiggy Aims to Raise $602 Million in Fresh Issue Amid Strong Financial Growth

Swiggy, India's leading food delivery and quick commerce firm, is set to embark on a significant fundraising effort with a fresh issue of up to Rs 5,000 crore ($602 million) as part of its initial public offering (IPO). This decision comes on the heels of the company's strong financial growth, with revenue increasing by 36% year-on-year to Rs 11,247 crore in FY24, and a reduction in losses by 44% to Rs 2,350 crore in the same period. The IPO, which has been anticipated since April, is expected to be one of the largest this year, against the backdrop of several other notable startups from Delhi NCR and Bengaluru that have already made their stock exchange debuts. Bengaluru-based companies like Digit Insurance and Ola Electric have already listed this year. Swiggy's strong financial pe...
Read More
AppsForBharat Secures $18 Million in Series B Funding to Expand Devotional App Sri Mandir
No Comments
Business

AppsForBharat Secures $18 Million in Series B Funding to Expand Devotional App Sri Mandir

Bengaluru-based digital devotional platform Sri Mandir, a part of AppsForBharat, has secured $18 million in its Series B funding round led by Nandan Nilekani's Fundamentum. The round also saw participation from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC. The funds will be used to expand the Sri Mandir app, build a technology stack for temples, add five new regional languages, and scale operations in India and global markets such as the US, UK, and Canada. With this latest round, AppsForBharat has raised nearly $32 million, including $10 million in Series A funding in September 2021 and $4 million in a Seed round in August 2021. According to data from the company's regulatory filings, Fundamentum invested Rs 73.5 crore ($8.8 milli...
Read More
Overcoming Challenges in International Construction
No Comments
Business

Overcoming Challenges in International Construction

The realm of international construction is a testament to the wonders of modern engineering, yet it is fraught with its own unique set of challenges. The sheer complexity and vast scale of these projects demand not only rigorous planning but also flawless execution. Companies engaged in this sector must adeptly manoeuvre through a maze of regulatory, cultural, and logistical obstacles. A recent study highlighted that nearly 70% of such projects encounter significant delays due to unexpected hurdles, emphasising the critical need for a deep understanding and proactive management of these issues to achieve successful project outcomes. Given their global scope, these ventures require companies to be versatile enough to handle diverse issues stemming from operations across different nationa...
Read More
Things You Should Know About Working Capital Management
No Comments
Finance

Things You Should Know About Working Capital Management

For businesses in India facing cash flow challenges, understanding and managing working capital is crucial. This post will explore what working capital is, highlight the significance of securing working capital loans, and provide effective strategies for managing your working capital. Gain insights into how to maintain financial stability and support business growth through informed working capital management. What is Working Capital? In business, working capital represents the difference between a company's assets and liabilities, highlighting resources available for daily operations. Working capital loans for businesses act as a crucial bridge to maintain financial stability. Positive working capital indicates that a company can meet its short-term commitments whereas negative w...
Read More
Tidal Pool: An Architectural Jewel by Álvaro Siza Vieira
No Comments
Travel

Tidal Pool: An Architectural Jewel by Álvaro Siza Vieira

Siza Vieira - Pritzker (1992)Piscina das Marés: From a Simple Pool to a National MonumentA Vision TransformedA Historical GemThe Architect: Álvaro Siza VieiraA Legacy of Design Excellence Siza Vieira - Pritzker (1992) Some of the particularity of this pool lies in the name of its author, the architect Siza Vieira, the most renowned and awarded Portuguese architect today, but it is also worth mentioning that it is one of the best examples of what is known as organic architecture in Portugal. According to this line of architecture, as well as seeking to satisfy people's interests, the building constructed must also take into account its integration into the environment, into nature. Siza Vieira designed the Boa-Nova Tea House shortly before, almost simultaneously with the Quinta da ...
Read More
Kedarkantha Trek: The Winter Wonderland
No Comments
Travel

Kedarkantha Trek: The Winter Wonderland

Nestled in the heart of Uttarakhand, the Kedarkantha trek is one of India’s most sought-after winter treks. With snow-covered trails, panoramic views of the Himalayan peaks, and a journey that takes you through dense forests and charming villages, the Kedarkantha trek is a perfect blend of adventure and tranquility. This trek is ideal for both beginners and seasoned trekkers, offering a surreal experience of walking through a winter wonderland. In this comprehensive guide, we'll explore everything you need to know about the Kedarkantha trek, from its highlights to preparation tips and more. Short Overview of Kedarkantha Trek Kedarkantha, standing tall at an altitude of 12,500 feet, is located in the Govind Wildlife Sanctuary in Uttarakhand. The trek is known for its easy to moderate di...
Read More
Benefits of SIP in Tax Saving Category – Finance , business
No Comments
Finance

Benefits of SIP in Tax Saving Category – Finance , business

SIPs offer a disciplined approach to investing, making them a popular choice among investors looking to optimise their tax benefits. By investing in ELSS funds through SIPs, you enjoy tax deductions and benefit from the potential for higher returns, rupee cost averaging, and the power of compounding. Check out this post on how Systematic Investment Plans (SIPs) can help you save on taxes while growing your investments using an SIP calculator. Understanding SIPs A Systematic Investment Plan (SIP) allows you to invest a fixed amount of money regularly. This investment method helps inculcate a disciplined approach to saving and investing, ensuring that you invest regularly without having to time the market. Using SIP Calculator for Planning A sip calculator is a valuable tool fo...
Read More
Top Highlights of the Tarsar Marsar Trek You Can’t-Miss
No Comments
Travel

Top Highlights of the Tarsar Marsar Trek You Can’t-Miss

If your idea of a highlight is a mediocre selfie at a crowded tourist spot, it’s time to upgrade. The Tarsar Marsar Trek offers highlights that are far from ordinary. Picture this: pristine lakes that look like they were painted by a master artist and mountain views that make your regular hikes seem like a walk in the park. Ready to swap your usual scenery for something truly spectacular? Let’s dive into the treasures you can’t miss on this trek. Top Highlights of the Tarsar Marsar Trek You Can't-MissPristine Alpine LakesSpectacular Mountain ViewsDiverse Flora and FaunaUnique CampsitesCultural and Local EncountersBest Time to Trek Tasar Masar TrekThings to Remember When Trekking Tasar Masar TrekConclusion: Top Highlights of the Tarsar Marsar Trek You Can't-Miss Top Highlights of the Ta...
Read More
Unveiling the Wonders of Nag Tibba Trek
No Comments
Education

Unveiling the Wonders of Nag Tibba Trek

Nestled in the serene landscapes of the Garhwal Himalayas, Nag Tibba, or the "Serpent's Peak," is a hidden gem for trekking enthusiasts. At 9,915 feet, it is the highest peak in the lesser Himalayan region of Uttarakhand. This relatively undiscovered trail offers breathtaking views, lush greenery, and a peaceful escape from city life. Trekkers cherish Nag Tibba for its pristine beauty and accessibility. Unlike more challenging Himalayan treks, it is suitable for beginners and experienced trekkers, making it a popular choice for a weekend adventure. In this blog, we will explore the wonders of the Nag Tibba trek. We will cover its geographical significance, how to prepare, the detailed route, unique flora and fauna, and tips for a safe and enjoyable journey. Whether planning your first ...
Read More
Like Us
Follow Us
Subscribe Us
Follow Us