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News on Medial
FanCode eyes more users on exclusive F1 deal
Livemint
·
1y ago
Medial
FanCode, the Indian sports streaming platform, has secured the exclusive broadcasting rights for Formula 1 in the Indian market for the 2024 and 2025 seasons. The platform plans to offer comprehensive coverage of the F1 season, including practice sessions, qualifying sessions, F1 Sprint events, and Grands Prix. FanCode will also produce unique programming around race weekends and aims to expand its 100 million user base through this partnership. F1 races will continue to be available on F1 TV, but at a higher price point.
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Exclusive: General Atlantic-backed hospital chain eyes Punjab peer
VCCircle
·
10m ago
Medial
- General Atlantic-backed Ujala Cygnus is looking to acquire hospitals in Punjab. - Ujala Cygnus is in advanced talks with an Amritsar-based firm for a potential acquisition. - The hospital chain aims to establish a presence in the Punjab region through this deal. - General Atlantic is a key investor in Ujala Cygnus. - The acquisition is expected to give Ujala Cygnus a strong foothold in the Punjab healthcare market.
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iPhone customers upset by Apple Wallet ad pushing 'F1' movie | TechCrunch
TechCrunch
·
1m ago
Medial
Apple iPhone users are expressing dissatisfaction over receiving ads via the Apple Wallet app for "F1 the Movie," offering ticket discounts. Many users feel the ads are intrusive, similar to previous unwanted promotions like the U2 album on iTunes. Complaints are surfacing on platforms like Reddit and social media, with users seeking options to disable such notifications. While an upcoming iOS version may provide a solution, the current system allows limited control over ad preferences.
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FanCode ranks ninth globally in sports entertainment app downloads
Economic Times
·
6m ago
Medial
FanCode has been recognized as India's leading sports entertainment app and ranks ninth globally in downloads as per the Sensor Tower State of Mobile 2025 report. Founded in 2019 by Yannick Colaco and Prasana Krishnan, the app has over 160 million users, offering diverse sports coverage, live-streaming, and exclusive partnerships. It ranks third for downloads in India and leads in the Asia-Pacific for in-app purchase growth. FanCode aims to innovate and expand sports fandom.
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Exclusive: Practo eyes global markets after 6 profitable quarters; pilots underway in US
Entrackr
·
4d ago
Medial
Exclusive: Practo eyes global markets after 6 profitable quarters; pilots underway in US IPO-bound digital health platform Practo has posted its first-ever full-year operating EBITDA in FY25. Entrackr has exclusively learned that the company has also kicked off a pilot in the US, with 50–60 paying customers already signed up. The Bengaluru-based company reported an operating EBITDA of Rs 15 crore in FY25, compared to an EBITDA loss of Rs 17 crore in FY24, according to its latest annual letter accessed by Entrackr. During FY25, Practo’s revenue from operations stood at Rs 234 crore, while its gross merchandise value (GMV) remained steady at Rs 3,500 crore. It also achieved positive cash flows, signaling strong capital discipline. Practo showed steady recovery and cost control in FY24, while FY25 demonstrated its ability to scale sustainably. The company claims to have served over 50 million patients across more than 640 cities, supported by a network of 5 lakh doctors. This tech-led efficiency is rooted in Practo’s core ‘Care Navigation’ business, where gross margins grew at a 30% CAGR over the past three years. Its overall contribution margin rose from 40% in FY24 to 46% in FY25, reflecting a sharper focus on high-margin services and improved operational efficiency. As a result, the company turned around from a Rs 162 crore loss in FY22 to a Rs 15 crore profit in FY25, marking a 109% improvement over three years, according to the figures mentioned in the letter. A key focus area driving this momentum is the company’s investment in AI across its product stack. Practo is using artificial intelligence to improve health outcomes, helping patients navigate care more efficiently and enabling smarter workflows and insights for doctors. The firm said it leverages 40 million structured data points to power these AI-led insights. Reinforcing its focus on quality, Practo became the first Indian digital health firm to publish Patient-Reported Outcome Metrics (PROMs). These metrics showed that 78% of telemedicine users and 80% of physical consultation patients reported recovery within three weeks. These figures, based on self-reported outcomes, include patients who did not follow prescribed treatment plans. Building on this outcomes-driven model, Practo deepened its global presence by launching its consumer-facing platform in the UAE in May 2025. Within weeks, the platform onboarded 50,000 monthly active users and hit a Rs 100 crore GMV annual run rate, as per the letter. The company claims that it is on track to reach 10% annual user penetration in Dubai, signaling strong demand for integrated healthcare discovery tools backed by insurance data and cross-border access between Indian and UAE patients and providers. As part of its broader global expansion strategy, Practo aims to double its international revenue over the next few years, while sustaining profitability and scaling its overall impact.
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Cricketer Hardik Pandya Joins Hands With FanCode Shop To Roll Out His Sportswear Brand
Inc42
·
1y ago
Medial
Expand article to read more:
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Apple bids for Formula 1 rights in US: Financial Times - The Economic Times
Economic Times
·
1m ago
Medial
Apple is in talks to acquire exclusive U.S. broadcasting rights for Formula 1, challenging current broadcaster ESPN. This follows the success of Apple's film "F1: The Movie" and aims to capitalize on the growing popularity of F1 in the U.S., partly due to Netflix's series "Formula 1: Drive to Survive." Netflix is also a contender for these rights when ESPN's exclusivity expires. The final decision remains pending.
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Snapchat eyes GenZ cohort with personalised experiences to drive user growth
Thehindubusinessline
·
1y ago
Medial
Snap Inc. is focusing on attracting more GenZ users in India for its Snapchat messaging app. With India's large young population, the country presents a significant growth opportunity for the company. Snapchat offers unique features, such as AR filters and lenses, location-based feeds, and short video content, which appeal to young users. Currently, Snapchat has a user base of 200 million monthly active users in India and aims to expand further. The company also aims to tap into the Indian digital advertising market, leveraging the rise of e-commerce and influencer marketing.
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Motorsport needs PPPs for a long drive in India: Executives
Economic Times
·
1m ago
Medial
Motorsport in India shows potential but requires strong public-private partnerships for sustainable growth, according to industry executives. Despite hosting marquee events like Formula One (F1) and MotoGP, India faces regulatory and taxation challenges. Public support, policy frameworks, and viewing motorsport as a viable career path are crucial. Investments from companies like JK Tyre and government backing, as seen with the Uttar Pradesh MotoGP deal, can help advance the motorsport industry, boosting tourism and infrastructure development.
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Indian Oil becomes the first Indian firm to produce fuel for Formula 1 cars
Livemint
·
1y ago
Medial
Indian Oil Corporation (IOC) will begin producing fuel for Formula 1 (F1) cars at its Paradip refinery in Odisha, marking the entry of Indian oil companies into F1 championships. The fuel, named Storm, will also be provided for the Asian region motorcycle road racing championship. IOC is set to receive certification for the production of the special fuel within three months. Storm fuel ensures engine and fuel system cleanliness, as well as corrosion protection for vehicle components. The collaboration strengthens the "Make in India" initiative on a global scale.
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EaseMyTrip Signs “Exclusive” Pact To List Hotels On PhonePe
Inc42
·
10m ago
Medial
PhonePe and EaseMyTrip have entered into a partnership, allowing PhonePe users to access services offered by EaseMyTrip, including hotel deals, cab services, and more. The collaboration aims to leverage EaseMyTrip's offerings in the travel tech space and PhonePe's user base to enhance accessibility and attract new users. This news follows the recent sale of shares in EaseMyTrip by its CEO, Nishant Pitti, for INR 920 crore.
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