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Travel tech unicorn OYO estimates its profit after tax to touch Rs 1,100 crore in the next financial year 2025-26, according to projections shared by Founder Ritesh Agarwal with the company's leadership on Wednesday, sources said. The company expects EBITDA of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition. EBITDA (earnings before interest, taxes, depreciation, and amortization) is a financial metric that measures a company's profitability and cash flow. Motel 6 is projected to contribute an EBITDA of over Rs 630 crore in the coming financial year, which will be the first full year of its integration, according to sources. "This contribution is anticipated to push OYO's combined EBITDA to over Rs 2,000 crore in FY26," said a person aware of the financial projections. OYO recorded a Profit After Tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago ..
Women borrowers in India have grown at a compounded growth rate of 22 per cent over the last 5 years with majority of them from semi-urban and rural areas, who are also actively monitoring their credit scores, a report said on Monday. The report titled 'From Borrowers to Builders: Women's Role in India's Financial Growth Story', released by NITI Aayog CEO B V R Subrahmanyam also showed bulk of their loan was for meeting consumption demand and comparatively less for businesses. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform (WEP) of NITI Aayog and MicroSave Consulting (MSC). "The number of women availing credit in India has increased at a compound annual growth rate (CAGR) of 22 per cent between CY 2019 and 2024. While consumption loans continue to be the preferred products held by women borrowers, the report's insights show that more women are also availing business loans," a statement said. As per the report, credit availment for financing ...
India's agriculture water technology sector requires investments of Rs 500-600 crore to achieve widespread adoption of smart irrigation solutions even as the country faces a deepening water crisis, according to the latest report. The study by DCM Shriram on "The Investment Mismatch in AgWater" highlights that despite agriculture consuming the largest share of water resources while contributing 16 per cent to GDP and employing 55 per cent of the workforce, the sector struggles with efficiency and adequate funding. India has between 70-100 active AgWaterTech startups, but many risk closure due to investment hurdles, according to the report. "Limited data, long gestation periods, and the high proportion of small and marginal farmers make AgWaterTech less attractive to investors," it added. Ajay S Shriram -- Chairman and Senior Managing Director, DCM Shriram and Director of DCM Shriram Foundation -- emphasised the severity of the situation, saying, "Water is the most critical resource
IT major Wipro on Wednesday said it will invest USD 200 million (about Rs 1,740 crore) in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space. This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a company statement said. "This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem, where these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders involved," Wipro CEO and MD Srini Pallia said. Established in 2015, Wipro Ventures focuses on identifying and investing in promising early-stage startups that drive technological innovation. The Wipro Ventures team connects Wipro and its clients to a global ecosystem o