Licious starts Uncrave🍖; MS Dhoni launches ‘Droni’🏏; TCS Q2 Results📈
Market Watch 📊:
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- Nifty 50 – 17,302.10 up 0.36%
- Sensex – 58,028.30 up 0.12%
Licious enters plant-based meat business with new brand Uncrave🍖
Online meat retailer Licious has entered the plant-based meat business with a new brand called Uncrave.
Unlike typical mock-meat brands that sell to vegan customers and ‘activists’, Licious will offer Uncrave to its core meat-consuming customers as an alternative for occasions when they abstain from eating meat, such as Navaratri, cofounder Abhay Hanjura told.
The products — chicken and mutton mock meats — have been in the making for close to two years.
The company is targeting at least 20% of its three million repeat customers and aiming to become the market leader in a year.
MS Dhoni launches made-in-India drone ‘Droni’ from Garuda Aerospace🏏
Indian cricketing star Mahendra Singh Dhoni has launched a quadcopter consumer camera drone named ‘Droni’, which is manufactured by Garuda Aerospace. Dhoni is also an investor in the drone startup.
With Droni, Garuda Aerospace has entered the consumer drone segment, in addition to offering business solutions for agricultural pesticide spraying, solar panel cleaning, industrial pipeline inspections, delivery services, and more.
According to the company’s founder and CEO, Agnishwar Jayaprakash, the product will be available in the market by the end of 2022.
- Artium Academy, an online music learning and community platform, has raised $3 million from Chiratae Ventures with participation from Anicut Capital, Jet Synthesis, Whiteboard Capital and angel investors.
- Tech-focused VC fund Inflexor Ventures led the pre-Series A round of Rs 9 crore in Agbiotech startup — BioPrime Agrisolutions.
- Legal tech platform Oddr has raised $2 million in a seed round led by Saama Capital and Twin Ventures.
- Hubbler, a no-code platform that makes app development easier, faster, and cost-effective, has raised $1.50 million from Artha Venture Fund, Unicorn India Ventures, and LenDenClub Alpha in the seed round.
TCS Q2 results: net profit up 8.4% YoY to Rs 10,431 crore📈
TCS on Monday reported an 18% year-on-year increase (YoY) in revenue to Rs 55,309 crore for the quarter that ended September 2022. Its net profit increased 8.4% YoY to Rs 10,431 crore.
The company also announced a second interim dividend of Rs 8 per equity share.
In constant currency terms, the IT major’s revenue grew 15.4% YoY. The growth was spread across verticals. TCS’s order book stood at $8.1 billion.
Among major markets, North America led with 17.6% growth. Continental Europe grew 14.1% and the UK grew 14.8%. In emerging markets, India grew 16.7%, Latin America 19.0%, Middle East & Africa 8.2% and Asia Pacific 7%.
Tweet of the day🐥
Other Top Stories
🚀 Indian space economy set to grow $13 bn by 2025
🛒 Indian ecommerce user base to beat US numbers in two years: Bain report
“When you say yes to others, make sure you are not saying no to yourself.”– Paulo Coelho
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