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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company’s first-ever triple-digit monthly revenue, in November, came on the back of traction in its omnichannel model.
Licious has reported monthly revenue exceeding Rs 100 crore for the first time, marking a milestone for the omnichannel meat and seafood retailer. A company spokesperson confirmed the development.
The omnichannel meat and seafood retailer posted net revenue of Rs 103.4 crore ($11.4 million) in November, its first three-digit monthly performance since its launch in 2015. The November milestone follows revenue of Rs 94 crore ($10.4 million) in October.
Growth was led primarily by online channels, which contributed Rs 88 crore ($9.7 million) during the month, while offline sales accounted for Rs 16 crore ($1.8 million). The revenue mix was …
Since the revision in GST rates and notices demanding payment of taxes with retrospective effect, the once thriving online gaming sector has been saddled with mounting losses and competition from illegal offshore platforms.
The dismal FY23 numbers will make it difficult for the grocery delivery startup to win over investors; separately, a reality check for Pristyn Care.
The Tiger Global-backed startup wanted to organize the B2B fish business in India. It’s given up on that now—and there are some valuable lessons in its story.
