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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
New York, USA, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) (NASDAQ: WETO), a Nasdaq-listed Travel Tech innovator, today announced the launch of its AI-powered points optimization platform leveraging OpenAI’s AgentKit framework, further advancing the Company’s intelligent Travel Tech ecosystem. This initiative follows WETO’s previously announced blockchain-based tokenized loyalty platform and represents the next phase of its long-term strategy to digitalize and in ...
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]