Business News: Indian Startups Including Zomato, Meesho, Nykaa Announce FY23 Q3 Results

Indian Startup News: Startups have recently emerged as the most important pillars of India’s growth story. In the past few years, the number of Indian startups has seen a very good rise in the country. In the third quarter of 2023, many Indian startups have seen an increase in profits, with food giant Zomato finally emerging as the most profitable startup. 

Indian Startups Announce Q3 Results

Food delivery app Zomato, which used to be a loss-making company, recently announced a profit of Rs 138 Cr in the December quarter. Apart from Zomato, PB Fintech the parent company of Policy Bazaar, became profitable for the first time in the December quarter, with a profit of Rs. 37 Cr. Mama Earth’s parent company Hunasa Consumers made a profit of Rs. 29 Cr in its December quarter.