How is Kumbh Mela making a revenue of 4 lakh CR?
i) Kumbh Budget - 7500 CR (Rs 5400 - UP govt., Rs 2100 - Centre)
ii) Total Expected Indian visitors - 40 CR
iii) Estimated Indian National Spending - Rs 5000/- (Golgappe, Sweet Corn, Water etc.)
iv)
Raised $250 million which is Rs. 2000 Crore for this AI pin and now after it flopped they want to sell it at $800 Mil - $1B (approx rs 8000 cr). Delusional founders. I feel sad for their investors. An influencer can really screw you up.
Top news from today-
1. Neodocs bags $2M
2. Zomato posts 138 Cr profit PAT.
3. Infra.Market’s revenue scales to Rs. 11,846 Cr in FY23 up from Rs. 1240 Cr in 2021.
4. EV financing startup Vidyut raised $5M in series A.
5. DailyHunt’s parent Verse
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4 replies31 likes
Harsh Dwivedi
•
Medial • 11m
Top news of the day-
1. Astrotalk raised Rs. 160 Cr ($20M).
2. Amber raised Rs. 168 Cr ($21M).
3. Byju’s FY23 revenue is Rs. 6509 Cr.
4. Navi is seeking to raise Rs. 600 Cr.
5. D2C food brand Yu raised Rs. 20
6. EV manufacturer Corrit raises Rs. 5
DMART REVENUE IN FY24-RS 49533 CR
365 Stores | Stores open 14 hours
Rs 37L sales by each store per day Rs 44262 sales by each store every 10 minutes!
Rs 2.7L sales by each store per hour
Dmart is indeed the Retail King!
New launches]
▪️ Upstox forays into insurance distribution
[Financial results this week]
▪️ MamEarth-parent Honasa posts Rs 1,920 Cr revenue, Rs 110 Cr PAT in FY24
▪️ Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24
▪️ Paytm revenue grow