Healthtech company Practo said Thursday it managed to slash its loss before interest, taxes, depreciation and amortization for the year through March 2024 and achieved an adjusted EBITDA profit in the fourth quarter. The company also reported a 23% growth in consolidated revenue to Rs 240 crore for FY24 from Rs 194.53 crore the year before, it said Thursday.
Open FlipIRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 19% year-on-year growth in toll collections for December 2024, totaling ₹580 crore, driven by India's robust GDP growth. Despite a 9.1% decline in revenue, the company recorded a 4.3% increase in consolidated net profit, reaching ₹99.8 crore, with improved operating margins.
Open FlipBanana chips maker Beyond Snack has raised Series A funding while pet healthcare startup Dr. Doodley and laundry startup Revivo have secured pre-seed funding. The company has raised $8.3 million (about Rs 71 crore) in a Series A round led by 12 Flags Group, a consumer-focused investment firm set up by Rakesh Kapoor, the former global chief of Reckitt Benckiser.
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