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Quick commerce, the buzziest sector in the consumer internet industry, is undergoing a significant transformation. We, at ETtech, have been tracking the sector super closely and bringing the biggest and most impactful stories to you, first.
Logistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and more in today’s ETtech Top 5.
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Tech Bytes
MapmyIndia's Q4 net profit rises 35% to Rs 38 crore
Homegrown navigation firm CE Info systems, which owns the digital map services platform MapmyIndia, reported a 47% jump in its consolidated operating revenue to Rs 106.9 crore. The company's board approved a dividend of Rs 3.5 per equity share.
Neuralink says implant had issues after first human surgery
In the weeks following the January surgery on patient Noland Arbaugh, some of the electrode-studded threads that sit in the brain tissue began to retract from that tissue, the company said, resulting in the device not working properly.
TBO Tek riding high on growth in travel and tourism, but issue looks a bit pricey
It will also raise up to Rs 1,151 crore through an offer for sale by promoters and investors. The promoter group’s stake will fall to 44.4% after the IPO from 51.3%.