🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Mumbai Leads India’s Fresher Pay Race at INR 4.29 LPA: Report
StartupTalky
·
2m ago
Medial
Mumbai tops fresher salaries in India with an average package of ₹4.29 lakh, according to GetWork's FY25 report. Delhi follows at ₹4.05 lakh. Overall, fresher salaries increased by 3.4% to ₹3.22 lakh, with sales and finance roles offering the highest entry-level pay. Metros like Mumbai and Delhi offer higher compensation due to their economic ecosystems, while cities like Bangalore offer less. GetWork aids recruitment with AI tools for both employers and job seekers.
View Source
1
Related News
Flipkart Fined INR 10,000 Over Unfair Trade Practices
Inc42
·
1y ago
Medial
Flipkart, the Indian e-commerce company, has been ordered to pay INR 10,000 ($136) in compensation to a customer. The Mumbai-based Consumer Disputes Redressal Commission found Flipkart guilty of unfair trade practices after it cancelled the customer's order for an iPhone, leading to "mental harassment." Flipkart claimed it was acting as an intermediary between the customer and the seller, but the commission dismissed this argument, stating that the cancellation was intentional and aimed at making extra profit. Flipkart has been directed to pay compensation and costs totaling INR 13,000 ($178).
View Source
BillDesk’s FY23 Profit Dips 5%, Revenue Inches Closer To INR 3,000 Cr Mark
Inc42
·
1y ago
Medial
Mumbai-based fintech firm BillDesk reported a 5% decline in net profit to INR 141.9 Cr in FY23 compared to the previous fiscal year. The company's operating revenue grew 10% to INR 2,678.3 Cr in FY23, while total expenditure increased by 12% to INR 2,561.5 Cr. Technical costs accounted for the majority of expenses, reaching INR 2,146.3 Cr. Employee expenses also rose, indicating an increase in headcount. BillDesk offers payment gateway and digital payment solutions, competing with Razorpay and Citrus Pay. A planned acquisition by PayU was terminated in 2021.
View Source
India ranks second after US in all-time funding for women-led tech startups: Tracxn report
Economic Times
·
5m ago
Medial
A Tracxn report reveals that India ranks second globally after the US in funding for women-led tech startups, raising $26 billion with over 7,000 active companies. In 2021, the sector peaked with $6.3 billion raised. The retail sector leads with $7.8 billion in funding. Bengaluru tops in total funding, followed by Mumbai and Delhi NCR. Despite fluctuating unicorn creation, women entrepreneurs propel innovation in India, highlighting the need for strong support and mentorship.
View Source
DGGI Detects Tax Evasion Of INR 81K Cr By Gaming Cos In FY24
Inc42
·
10m ago
Medial
According to the annual report from DGGI, the online gaming industry was found to be most susceptible to tax evasion in the fiscal year 2023-2024. The BFSI (Banking, Financial Services, and Insurance) sector also showed a high risk of tax evasion. During this period, DGGI identified 6,084 cases of GST evasion worth INR 2.01 Lakh Cr, compared to 4,872 cases worth INR 1.01 Lakh Cr in the previous fiscal year. In response to the imposition of a 28% GST, several online gaming companies received notices to pay pending taxes amounting to INR 1.12 Lakh Cr.
View Source
Mumbai Auto Union Launches Ride-Hailing App ‘Yatri Mitra’
Inc42
·
1m ago
Medial
Mumbai's Seva Sarathi Autorickshaw Taxi & Transport Union (SSATTU) and Metazen Labs have introduced 'Yatri Mitra,' a meter-based ride-hailing app for auto-rickshaw services in Mumbai and Thane. Launched in beta on June 27, the app operates on a zero-commission model. Auto drivers pay INR 25 per day to receive rides through the platform. SSATTU acts as a community partner, connecting drivers to the app, which focuses on fair pricing for commuters.
View Source
Google Pay Announces Pan-India Roll Out Of SoundPods Amid Rumblings At Paytm
Inc42
·
1y ago
Medial
Google Pay is set to launch SoundPods, an audio device that enables merchants to track QR code payments through audio notifications. The device will compete directly with Paytm's Soundbox. Google Pay has received positive feedback from merchants who participated in the limited pilot of SoundPods. The product will be offered to merchants through a daily subscription plan at INR 5 per day for 25 days a month, or an annual plan for INR 1,499. This move puts Google Pay in line with Paytm, PhonePe, and BharatPe, who have already launched similar devices for merchants. The launch coincides with regulatory troubles for Paytm Payments Bank, which has been barred from conducting deposits or credit transactions until March 15.
View Source
Leaders and laggards of the AI race: As India makes significant progress, other nations like Germany and Spain are still falling behind
Economic Times
·
1y ago
Medial
According to NetApp's Cloud Complexity Report, 91% of India-based companies are projected to use at least half of their data to train AI models by 2024. The report highlights India as leading in AI projects, with Singapore following closely behind. However, countries like Germany and Spain are considered laggards in the AI race. The study also reveals that technology companies are at the forefront of AI implementation, while media and entertainment companies have lower adoption rates. Rising IT costs and ensuring data security are major challenges in the AI era, but AI leaders are willing to scale back or allocate resources from other areas to fund AI initiatives.
View Source
Luxury housing sales rise 27% in H1 2024; Delhi-NCR tops chart followed by Mumbai
Money Control
·
1y ago
Medial
Luxury housing sales in India have increased by 27% in the first half of 2024, according to a report by real estate consultancy firm CBRE. Delhi-NCR topped the chart in terms of luxury residential unit sales, followed by Mumbai. A total of 8,500 luxury housing units priced at Rs 4 crore and above were sold during this period, with Delhi-NCR, Mumbai, and Hyderabad accounting for 84% of the total sales across the top seven cities. The report also highlighted a significant increase in luxury house sales in Pune and Hyderabad.
View Source
IndiGo's growth plans stay firm despite tariff tremors, says CEO Pieter Elbers
Business Today
·
3m ago
Medial
IndiGo CEO Pieter Elbers acknowledged the duopoly in India’s aviation sector, seeing Tata as a key competitor, and supports market consolidation for global competition. IndiGo plans to expand via Navi Mumbai airport and maintains operations at existing airports, contributing to job creation with over 60,000 employees. Elbers emphasized IndiGo's commitment to growth despite competitive pressures and tariff challenges in the aviation industry.
View Source
Kuku FM’s Operating Revenue Jumps Over 800% To INR 41.8 Cr In FY23
Inc42
·
1y ago
Medial
Mumbai-based vernacular audio platform Kuku FM saw its operating revenue surge by over 800% in FY23, reaching INR 41.8 Cr. The startup's total revenue, including other income, stood at INR 48.8 Cr. However, despite the significant revenue increase, the company experienced a net loss of INR 116.5 Cr, compared to INR 52.2 Cr in the previous year. Kuku FM's expenses also rose significantly, with marketing expenses jumping almost 3X and employee benefit expenses growing by 2.3X. The startup claims to have over 25 Mn paid users and offers a wide range of audio content genres.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
