Author: Kashmeera Sambamurthy

Redseer: India will likely have 40 IPO-ready startups by FY25

In contrast to FY21, nearly twice the number of Indian unicorns are on their way to profitability in FY23. (Representative Image: Mika Baumeister via Unsplash)

Indian startups have been focusing on profitability, weathering through macroeconomic headwinds and a funding winter. The result of which the partner at Redseer, Rohan Agarwal says will be a sizable pipeline of IPO-ready companies in the next 5 years.

WPP enters into a global strategic partnership with Spotify

WPP will work with Spotify to deliver market-leading thought leadership and scaled training programmes for its employees and clients that focus on digital audio creativity and Spotify's innovative ad products. (Representative Image: Ashkan Forouzani via Unsplash)

As part of the partnership, Spotify will become the first digital audio platform to be integrated directly into WPP’s products and solutions.

Zomato Q1 Results: Food aggregator posts first ever profit at Rs 2 cr as delivery margin jumps

The altered announcement triggered hungry passengers offering a tempting 60 percent discount to those who noticed the culinary twist. (Image source: Moneycontrol)

Zomato Q1 Results: The company had been guiding for profitability before but they have done it a quarter before the specified timeline. CFO Akshant Goyal expects its business to remain profitable going forward. “We believe we will continue to deliver 40 percent+ YoY topline (Adjusted Revenue) growth for at least the next couple of years.”

Dabur Q1 results: Net profit up 5.3 percent to Rs 464 cr

The FMCG major reported a net profit of Rs 514 crore for the October to December period. (Image source: Moneycontrol)

Dabur’s international business reported a 20.6 percent growth in constant currency terms. The Turkey business reported a 51.2 percent growth, while the Egypt business grew by 45.7 percent, Sub-Saharan Africa by 13 percent and MENA by 10.2 percent.

Deepika Padukone joins Dyson as hair care technologies brand ambassador

Deepika Padukone on her association said, "I’ve always believed that a hairstyle can make or break a look. I truly believe that this association will inspire people to achieve superior hair styles while also caring for the health of their hair.”

By roping in Deepika Padukone, the brand Dyson aims to increase awareness around the importance of maintaining hair health, while continuing to drive relevance for Dyson’s technologically advanced styling tools.

Storyboard18 YoungGuns are here! The biggest celebration of next-gen creativity

YoungGuns is an annual recognition program that puts creativity and talent back in the spotlight.

YoungGuns is the grandest celebration of the brightest brains, revolutionary ideas and creativity enhanced by technology, which are putting India on the global map, creating future-ready brands, and powering the growth of businesses. The work of young professionals in advertising and marketing has helped brands and businesses grow and given India greater creative and business clout the world over. We honour, recognise and celebrate these pathbreaking, promising young individuals through Storyboard18’s YoungGuns initiative, a flagship programme from the Network18 Group.

Zee Case: NCLAT defers IDBI Bank plea hearing in the ZEE matter

In its suit filed in Delhi Sessions Court, ZEE had argued that the article published on 21st February 2024 by Bloomberg, was false and factually incorrect, with a pre-meditated and malafide intention to defame the Company. (Image source: Moneycontrol)

In May 2023, the NCLT at Mumbai refused to entertain IDBI’s plea noting that it was barred under Section 10A of the Insolvency and Bankruptcy Code (IBC).

Avyan Global appoints Gautam Dutt as CEO

Gautam Dutt brings with him extensive industry experience having held senior marketing and agency roles across India, China, Hong Kong, and Singapore.

In his new role, Gautam Dutt will be responsible for driving expansion of Singapore headquartered Avyan Global through accelerated client acquisition and regional expansion primarily focussed on Southeast Asia and India.

Havas Worldwide onboards Kundan Joshee as managing partner and head – West and South

Kundan Joshee will be based in Mumbai and will report to Tarun Jha, chief executive officer, Havas Worldwide India.

In his new role, Kundan Joshee will oversee Havas Worldwide India’s West and South India operations, which handles some marquee clients including Citroën, Britannia The Laughing Cow, JBL, Celio, Tata CLiQ Luxury, among others.