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“Between FY22-24, we consciously shrank down PharmEasy in an effort to become profitable,” Guha told The CapTable. “Now in FY25, we are back on the growth track.”
December 17, 2025 at 9:47 AM
“Between FY22-24, we consciously shrank down PharmEasy in an effort to become profitable,” Guha told The CapTable. “Now in FY25, we are back on the growth track.”
The mandate is clear—prioritise Thyrocare, profitability, and maximise synergies across the businesses. Scale down what doesn’t make money and double down on what does.
December 17, 2025 at 9:47 AM
The mandate is clear—prioritise Thyrocare, profitability, and maximise synergies across the businesses. Scale down what doesn’t make money and double down on what does.
Amid all this, one business never stopped making money: Thyrocare.
Now, the shift is official: Rahul Guha, the CEO of Thyrocare, now runs API Holdings, PharmEasy’s parent company.
Now, the shift is official: Rahul Guha, the CEO of Thyrocare, now runs API Holdings, PharmEasy’s parent company.
December 17, 2025 at 9:47 AM
Amid all this, one business never stopped making money: Thyrocare.
Now, the shift is official: Rahul Guha, the CEO of Thyrocare, now runs API Holdings, PharmEasy’s parent company.
Now, the shift is official: Rahul Guha, the CEO of Thyrocare, now runs API Holdings, PharmEasy’s parent company.
Its success stems from agility: it quickly exited crowded markets like LED, audio, and luggage, prioritises profitability over growth-at-all-costs, and reinvests insights from reviews, search trends, and category data into rapid SKU iteration, writes @prnvbal.
December 3, 2025 at 10:36 AM
Its success stems from agility: it quickly exited crowded markets like LED, audio, and luggage, prioritises profitability over growth-at-all-costs, and reinvests insights from reviews, search trends, and category data into rapid SKU iteration, writes @prnvbal.
Since 1991, urban design has incentivised gated communities, distant tech parks, and scarce retail—making online shopping essential, not optional.
Delivery fees often beat costly in-person trips to distant malls or markets, writes @ParBen24 in today’s sprawling, data-rich story.
Delivery fees often beat costly in-person trips to distant malls or markets, writes @ParBen24 in today’s sprawling, data-rich story.
December 1, 2025 at 9:33 AM
Since 1991, urban design has incentivised gated communities, distant tech parks, and scarce retail—making online shopping essential, not optional.
Delivery fees often beat costly in-person trips to distant malls or markets, writes @ParBen24 in today’s sprawling, data-rich story.
Delivery fees often beat costly in-person trips to distant malls or markets, writes @ParBen24 in today’s sprawling, data-rich story.
Gurugram > Delhi. Thane > Mumbai. Kanchipuram > Chennai.
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
December 1, 2025 at 9:32 AM
Gurugram > Delhi. Thane > Mumbai. Kanchipuram > Chennai.
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
The above is with respect to how much households from each of these regions order online, and the pattern is clear:
Suburban Indians drive online shopping more than city-centre residents. But how?
Last week, the Central government implemented four new labour codes, which:
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
November 28, 2025 at 9:17 AM
Last week, the Central government implemented four new labour codes, which:
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
👉Formally recognise gig and platform workers
👉Mandate aggregators to contribute 2% of annual turnover to a social-security fund, capped at 5% of payouts
But just about everyone’s unhappy about this.
Maharashtra and Delhi NCR showed broader geographic dispersion, led by Pune, Thane, Gurugram, and Noida.
Both of these regions actually showed funding growth year-on-year. In contrast, Karnataka’s fell.
Both of these regions actually showed funding growth year-on-year. In contrast, Karnataka’s fell.
November 27, 2025 at 7:54 AM
Maharashtra and Delhi NCR showed broader geographic dispersion, led by Pune, Thane, Gurugram, and Noida.
Both of these regions actually showed funding growth year-on-year. In contrast, Karnataka’s fell.
Both of these regions actually showed funding growth year-on-year. In contrast, Karnataka’s fell.
Despite raising $12.6M and claiming to have placed over 11,000 workers across 50 manufacturers—facilitating more than ₹100 crore in worker earnings—its staffing model still faced heavy attrition and razor-thin margins.
November 26, 2025 at 7:30 AM
Despite raising $12.6M and claiming to have placed over 11,000 workers across 50 manufacturers—facilitating more than ₹100 crore in worker earnings—its staffing model still faced heavy attrition and razor-thin margins.
Synergies across Prosus’ portfolio are increasingly visible. Among others:
– Swiggy distributes PharmEasy via quick-commerce
– Mintifi offers supply-chain financing to retailers
– PayU is now the financial backend for Meesho, Swiggy, and Rapido
November 25, 2025 at 9:00 AM
Synergies across Prosus’ portfolio are increasingly visible. Among others:
– Swiggy distributes PharmEasy via quick-commerce
– Mintifi offers supply-chain financing to retailers
– PayU is now the financial backend for Meesho, Swiggy, and Rapido
With Mojo Pizza’s ₹150 Cr in annual revenue, La Pino’z 600+ outlets, and Oven Story’s ~350 cloud kitchens, homegrown brands are scaling profitably by focusing on product differentiation over discounting, carving loyal local followings.
November 24, 2025 at 9:00 AM
With Mojo Pizza’s ₹150 Cr in annual revenue, La Pino’z 600+ outlets, and Oven Story’s ~350 cloud kitchens, homegrown brands are scaling profitably by focusing on product differentiation over discounting, carving loyal local followings.
Just a month ago, @verma_shivani12 wrote of Ultrahuman's sticky situation, and how despite turning its first profit, potential investors were hesitant to fund the company.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
November 21, 2025 at 6:43 AM
Just a month ago, @verma_shivani12 wrote of Ultrahuman's sticky situation, and how despite turning its first profit, potential investors were hesitant to fund the company.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
Today, the company has raised ₹100 Cr in venture debt in order to scale its wearable ecosystem.
Particularly in South India, there is a strong market for integrated townships with healthcare, assisted living, wellness, and hospitality services—to the point of developers repurposing unsold inventory into senior living units, writes @ParBen24.
November 20, 2025 at 2:17 PM
Particularly in South India, there is a strong market for integrated townships with healthcare, assisted living, wellness, and hospitality services—to the point of developers repurposing unsold inventory into senior living units, writes @ParBen24.
Zoho is entering fintech with a markedly different thesis: payments isn’t a GMV race, it’s an infrastructure opportunity.
While the market obsesses over consumer UPI wars, Zoho is positioning payments as the hinge that connects business software, financial services, banks, and India’s DPI.
While the market obsesses over consumer UPI wars, Zoho is positioning payments as the hinge that connects business software, financial services, banks, and India’s DPI.
November 19, 2025 at 2:39 PM
Zoho is entering fintech with a markedly different thesis: payments isn’t a GMV race, it’s an infrastructure opportunity.
While the market obsesses over consumer UPI wars, Zoho is positioning payments as the hinge that connects business software, financial services, banks, and India’s DPI.
While the market obsesses over consumer UPI wars, Zoho is positioning payments as the hinge that connects business software, financial services, banks, and India’s DPI.
Despite speculation, Zoho denies launching a “Zoho Pay” app; instead, it aims to integrate its messaging platform Arattai with consumer payments, possibly via third-party or future proprietary solutions pending regulatory approvals.
November 19, 2025 at 2:39 PM
Despite speculation, Zoho denies launching a “Zoho Pay” app; instead, it aims to integrate its messaging platform Arattai with consumer payments, possibly via third-party or future proprietary solutions pending regulatory approvals.
In today’s CapTable Conversation, @MitterManiac speaks to Zoho Payment CEO Sivaramakrishnan Iswaran about the three-decade-old company’s foray into fintech—not with consumer apps or blitzscaling, but as a B2B infra play.
November 19, 2025 at 2:39 PM
In today’s CapTable Conversation, @MitterManiac speaks to Zoho Payment CEO Sivaramakrishnan Iswaran about the three-decade-old company’s foray into fintech—not with consumer apps or blitzscaling, but as a B2B infra play.
This sworn declaration is backed by ledger-level tracing, and alleges funds moved from
1. India to Miami
2. Miami to the UK
3. UK back to the US
4. And finally, from the US to Raveendran’s Singapore vehicle.
1. India to Miami
2. Miami to the UK
3. UK back to the US
4. And finally, from the US to Raveendran’s Singapore vehicle.
November 18, 2025 at 3:00 PM
This sworn declaration is backed by ledger-level tracing, and alleges funds moved from
1. India to Miami
2. Miami to the UK
3. UK back to the US
4. And finally, from the US to Raveendran’s Singapore vehicle.
1. India to Miami
2. Miami to the UK
3. UK back to the US
4. And finally, from the US to Raveendran’s Singapore vehicle.
Digital banking collapses buffers: informal decision-making and political influence in some UCBs—which worked in relationship-driven eras—now pose real-time risks to cybersecurity, lending integrity, and depositor trust, writes @SSMumbai in today’s column.
November 17, 2025 at 9:30 AM
Digital banking collapses buffers: informal decision-making and political influence in some UCBs—which worked in relationship-driven eras—now pose real-time risks to cybersecurity, lending integrity, and depositor trust, writes @SSMumbai in today’s column.
Indeed, top women players may earn more than some male stars; cumulative sponsorship inflows could triple from ₹25 Cr to ₹75 Cr in a year, with standout WC performers securing 5–6 brand deals each across FMCG, beauty, fitness.
November 14, 2025 at 7:26 AM
Indeed, top women players may earn more than some male stars; cumulative sponsorship inflows could triple from ₹25 Cr to ₹75 Cr in a year, with standout WC performers securing 5–6 brand deals each across FMCG, beauty, fitness.
Consequently, the WPL auction on Nov 27 is expected to see player bids balloon. Moreover, top performers like Harmanpreet Kaur already command ₹1-1.5 Cr endorsement fees, and their brand portfolios are likely to rapidly expand.
November 14, 2025 at 7:26 AM
Consequently, the WPL auction on Nov 27 is expected to see player bids balloon. Moreover, top performers like Harmanpreet Kaur already command ₹1-1.5 Cr endorsement fees, and their brand portfolios are likely to rapidly expand.
With more local manufacture of more affordable biosimilars scaling up, the market is projected to reach ₹400-500M in India within five years, writes @AnujSuvarna2. But major risks like over-prescription, supply shortages, and regulatory gaps prevail.
November 13, 2025 at 6:33 AM
With more local manufacture of more affordable biosimilars scaling up, the market is projected to reach ₹400-500M in India within five years, writes @AnujSuvarna2. But major risks like over-prescription, supply shortages, and regulatory gaps prevail.
These clinics are generating whopping EBITDA margins of nearly 40%, with monthly per-patient revenues often reaching ₹50,000 via just consultation fees, not to mention drug costs of up to ₹30,000, and other add-ons—all cash-based, bypassing insurance constraints.
November 13, 2025 at 6:33 AM
These clinics are generating whopping EBITDA margins of nearly 40%, with monthly per-patient revenues often reaching ₹50,000 via just consultation fees, not to mention drug costs of up to ₹30,000, and other add-ons—all cash-based, bypassing insurance constraints.
Indeed, across e-commerce, loyalty programmes are multiplying, while benefits shrink, with free delivery zones down from 10km to 7km, rising minimums and tapering discounts—exposing a broken P&L model where perks cost more than they return, writes @prnvbal.
November 12, 2025 at 10:51 AM
Indeed, across e-commerce, loyalty programmes are multiplying, while benefits shrink, with free delivery zones down from 10km to 7km, rising minimums and tapering discounts—exposing a broken P&L model where perks cost more than they return, writes @prnvbal.
And it shows: despite Zepto and Instamart each having cheap paid tiers for delivery and value perks, BlinkIt—which has no such programme—dominates over half the quick commerce, a clear indicator of where customers’ priorities lie: speed, reliability, and assortment.
November 12, 2025 at 10:51 AM
And it shows: despite Zepto and Instamart each having cheap paid tiers for delivery and value perks, BlinkIt—which has no such programme—dominates over half the quick commerce, a clear indicator of where customers’ priorities lie: speed, reliability, and assortment.
Merger talks with Byju’s-owned Aakash, Allen, PhysicsWallah, and K-12 Techno all failed, leaving Unacademy in “two lost years” of decline and leadership exists.
By late 2025, it’s amidst advanced merger talks with UpGrad.
It’s now valued at a mere $350M, writes @Patwardhannn.
By late 2025, it’s amidst advanced merger talks with UpGrad.
It’s now valued at a mere $350M, writes @Patwardhannn.
November 11, 2025 at 5:40 AM
Merger talks with Byju’s-owned Aakash, Allen, PhysicsWallah, and K-12 Techno all failed, leaving Unacademy in “two lost years” of decline and leadership exists.
By late 2025, it’s amidst advanced merger talks with UpGrad.
It’s now valued at a mere $350M, writes @Patwardhannn.
By late 2025, it’s amidst advanced merger talks with UpGrad.
It’s now valued at a mere $350M, writes @Patwardhannn.