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Founder Exits: Startup Cofounders & CEOs That Quit In 2025
Inc42 Media· 2025-12-05 06:56
We have compiled a list of all significant founder and CEO exits in the Indian startup ecosystem in 2025, supported by various strategic, financial, and personal factorsWhile the reasons for these exits could be subjective, one of the major push factors was change in the overall strategy for the company this yearBeyond employees, leadership changes also dominated the headlines, with several founders and CEOs stepping down for a variety of reasons including personal eventsWhether it was geopolitical uncertai ...
ixigo Emerges Biggest Loser Amid A Mixed Week For New-Age Tech Stocks
Inc42 Media· 2025-11-02 04:00
Market Overview - The total market capitalization of new-age tech companies decreased to $109.15 billion from $110.93 billion over the past week [2] - A mixed performance was observed among 42 new-age tech companies, with 26 companies experiencing share declines between 0.17% and over 15%, while 16 companies saw gains ranging from 0.01% to over 33% [1][8] Company Performance - ixigo reported a net loss of INR 3.5 crore for Q2, down from a profit of INR 13.1 crore in the same quarter last year, primarily due to one-time ESOP expenses of INR 26.9 crore [21] - Operating revenue for ixigo increased by 36% year-over-year to INR 282.7 crore, but showed a sequential decline of 10% from INR 314.5 crore [21] - CarTrade's shares rose by 18.44% after the company reported a net profit of INR 64.1 crore for Q2, more than doubling from INR 30.7 crore a year ago, with operating revenue increasing by 25% year-over-year to INR 193.4 crore [18][19] IPO and Market Sentiment - Lenskart's IPO opened with a 110% subscription on the first day, despite concerns over high valuations [16] - Fintech unicorn Groww filed for a INR 6,600 crore IPO, while Pine Labs filed for a fresh issue of INR 2,080 crore [16][17] - The Indian equities market saw a decline, with Sensex and Nifty 50 both dipping by 0.3%, attributed to profit booking and regulatory changes proposed by SEBI [14]
Webus International Limited Launches AI-Powered Points Optimization Platform Leveraging OpenAI’s AgentKit Framework
Globenewswire· 2025-10-15 13:00
Core Insights - Webus International Limited has launched an AI-powered points optimization platform utilizing OpenAI's AgentKit framework, enhancing its Travel Tech ecosystem [1][3] - The platform features a "Loyalty Agent" that analyzes users' reward portfolios and recommends optimal redemption strategies, aiming to maximize reward value and reduce unredeemed points [2][3] - The global loyalty and rewards market exceeds US $20 billion annually, with nearly 30% of points remaining unredeemed, highlighting a significant opportunity for Webus's AI system to address this inefficiency [3] Company Overview - Webus International Limited (NASDAQ: WETO) is a global TravelTech company offering AI-driven travel and digital mobility solutions for both Chinese and international travelers [5] - The company provides services such as premium chauffeur services, personalized itineraries, and blockchain-enabled travel products across North America, Asia, and the Middle East [5] Future Plans - The platform is currently in internal beta testing with select users and partners, focusing on refining algorithms and user experience before a full public rollout [3][4]
X @Bloomberg
Bloomberg· 2025-07-21 06:42
Deal Overview - KKR 收购 CVC 支持的 Etraveli Group 的大量少数股权 [1] - 该交易对瑞典旅游科技公司的估值约为 27 亿欧元 [1] Company Valuation - Etraveli Group 的估值约为 27 亿欧元 [1]