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Lenskart Reports 43% Revenue Growth Amid Rising Costs and Strategic Expansion-thumnail

Lenskart Reports 43% Revenue Growth Amid Rising Costs and Strategic Expansion

The revenue from operations in the fiscal year ending March 2024 has seen an increase of 43 percent, with the overall revenues being a tad slower at 2.5X year-over-year growth

Business

Nov 6, 2024

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year-thumnail

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year

Hypermarket operator Lulu Retail Holdings Plc had successfully raised US$1.72 billion, or RM7.49 billion, from its initial public offering in Abu Dhabi, placing it as the largest listing this year

Business

Nov 6, 2024

Jar Reports 5.6X Revenue Growth Amid Strategic Cost Management-thumnail

Jar Reports 5.6X Revenue Growth Amid Strategic Cost Management

Jar, the Tiger Global-backed gold savings platform, reported its fiscal year that ended March 2024 earnings with a staggering 5.6X growth in operating revenue and a 15 percent reduction in

News

Nov 6, 2024

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance-thumnail

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance

Strategic Partnership Introduces Integrated Risk Management Solution for Enhanced Operational Resilience. RAKBANK stated that it will enter into a strategic partnership with Paramount and Archer for an advanced Governance, Risk,

Business

Nov 6, 2024

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million-thumnail

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million

Revenue Growth Outpaced by Rising Costs and Currency Impact. The bottom line at Amlak Finance came under severe hammering. Its net profit in the third quarter of 2024 was recorded

Business

Nov 6, 2024

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community-thumnail

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community

168 Luxury Units with Cutting-Edge Technology and Exclusive Design. British property developer LEOS Developments is launching Kensington Gardens, a super-prime residential community located within Nakheel’s enormous 3.95 million square metre

Business

Nov 5, 2024

Udaan Sees Flat Revenue, Valuation Contraction as the Company Cuts Cost-thumnail

Udaan Sees Flat Revenue, Valuation Contraction as the Company Cuts Cost

Udaan, a Bengaluru-based B2B e-commerce platform, is struggling at the operational level with its scale. The revenues have flattened for the fiscal year 2024. Valuation that had touched a peak

Business

Nov 5, 2024

UAE’s Non-Oil Sector Growth Slows in October Amid Softer Demand-thumnail

UAE’s Non-Oil Sector Growth Slows in October Amid Softer Demand

PMI Indicates Slower Growth as Job Creation and Selling Prices Fall. Non-oil business activity in the UAE increased further in October, though at a softer pace, the S&P Global UAE

Business

Nov 5, 2024

Innovartan Learning Solutions Raised ₹5 Crore Pre-Seed Funding to Revamp School -thumnail

Innovartan Learning Solutions Raised ₹5 Crore Pre-Seed Funding to Revamp School 

Education Ed-tech startup Innovartan Learning Solutions has raised the pre-seed funding of ₹5 crores led by some influential investors Gokul Rajaram and Amit Singhal. This is a great step for

Business

Nov 5, 2024

Turtlemint Raises $120M in Series E Funding-thumnail

Turtlemint Raises $120M in Series E Funding

Turtlemint has garnered many headlines lately for its significant feats that it has made recently. The insurtech firm was able to raise $120 million in the Series E funding round

Business

Nov 4, 2024

Viraa Care Raises $108,000 in Pre-Seed Funding to Expand Health-Tech Platform-thumnail

Viraa Care Raises $108,000 in Pre-Seed Funding to Expand Health-Tech Platform

Infancy and pediatric nutrition health-tech platform, Viraa Care managed to secure a pre-seed funding round worth $108,000 from a group of European angel investors. The newly raised funds follow the

Investment & Funding

Nov 4, 2024

UAE’s Brands.io Secures Seed Funding Round 1 Month After Launch-thumnail

UAE’s Brands.io Secures Seed Funding Round 1 Month After Launch

Platform for AI-Focused Domain Names Draws Investor Support. Brands.io, a domain name provider for AI startups that boasts high-quality domain names, has secured seed funding only a month after its

Business

Nov 4, 2024


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