PhonePe trims losses by 28.5% in FY24, focuses on cutting costs using AI
The company’s FY24 revenue jumped 74% from the previous fiscal.
21 October, 2024•2 min
0
21 October, 2024•2 min
0
More in Internet
Internet
Swiggy sounds the alarm bells on quick commerce
Amid an irrational competition brewing in India’s quick-commerce sector, the food and grocery delivery company seems to be taking a far more conservative approach compared to its peers, despite having Rs 16,000 crore in the bank.
You may also like
Business
Maruti’s comfort zone is now its biggest risk
A revival in small-car sales has restored the automaker’s advantage, but tougher fuel-efficiency norms threaten to turn its greatest strength into a liability.
Internet
PhonePe’s transition from payments to a financial services company is incomplete
The company’s IPO plans come amid weak numbers, slow growth of new platforms, challenges in its core payments business and a rather dull stock market.
Business
Why Adani Green’s rapid expansion is hurting its bottom line
The renewable energy firm’s profit plunges 99% to its lowest since 2020 as surging finance costs erase gains from record energy sales.