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Time of India
02-06-2025
- Business
- Time of India
Furniture retailer Pepperfry raises Rs 43 crore from existing investors
Omnichannel furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among others. General Electric Pension Trust led the round with an investment of Rs 21.5 crore, followed by Norwest Venture Partners with Rs 8.5 crore and Panthera with Rs 6.4 crore. The remainder was contributed by other investors, according to the company's filings with the Registrar of Companies (RoC). The company issued around 5.6 lakh compulsorily convertible preference shares with a face value of Rs 775 each on a private placement basis. In its last funding round, the Mumbai-based company had raised $23 million in 2022 from the same group of investors. Prior to that, it had secured $45 million in debt funding in 2021. News website Entrackr first reported the latest development. Pepperfry had postponed its planned initial public offering (IPO) last year after engaging with bankers, as it was focusing on growth and profitability, cofounder Ashish Shah had told ET in an earlier interaction. The company, founded in 2012, had converted into a public entity in 2022 as part of its IPO preparations, which aimed to raise $250–300 million. In FY24, Pepperfry reported a 30.6 per cent year-on-year decline in operating revenue to Rs 188.9 crore. However, it narrowed its losses by 37.4 per cent to Rs 117.4 crore, from Rs 187.6 crore in the previous year. The company competes with ecommerce platforms such as Amazon India and Flipkart, as well as Reliance-owned Urban Ladder, and generates most of its revenue through commissions on product sales. Pepperfry has also been expanding its home décor segment and has onboarded multiple direct-to-consumer brands to strengthen its portfolio.
Time of India
02-06-2025
- Business
- Time of India
Furniture retailer Pepperfry raises Rs 43 crore from existing investors
Omnichannel furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among others. General Electric Pension Trust led the round with an investment of Rs 21.5 crore, followed by Norwest Venture Partners with Rs 8.5 crore and Panthera with Rs 6.4 crore. The remainder was contributed by other investors, according to the company's filings with the Registrar of Companies (RoC). The company issued around 5.6 lakh compulsorily convertible preference shares with a face value of Rs 775 each on a private placement basis. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now In its last funding round, the Mumbai-based company had raised $23 million in 2022 from the same group of investors. Prior to that, it had secured $45 million in debt funding in 2021. News website Entrackr first reported the latest development. Live Events Pepperfry had postponed its planned initial public offering (IPO) last year after engaging with bankers, as it was focusing on growth and profitability, cofounder Ashish Shah had told ET in an earlier interaction. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company, founded in 2012, had converted into a public entity in 2022 as part of its IPO preparations, which aimed to raise $250–300 million. In FY24, Pepperfry reported a 30.6% year-on-year decline in operating revenue to Rs 188.9 crore. However, it narrowed its losses by 37.4% to Rs 117.4 crore, from Rs 187.6 crore in the previous year. The company competes with ecommerce platforms such as Amazon India and Flipkart, as well as Reliance-owned Urban Ladder, and generates most of its revenue through commissions on product sales. Pepperfry has also been expanding its home décor segment and has onboarded multiple direct-to-consumer brands to strengthen its portfolio.
Business Standard
27-05-2025
- Business
- Business Standard
Vertoz Limited (Formerly known as Vertoz Advertising Limited) reports robust performance for Q4 & FY2024-25 Results
VMPL New Delhi [India], May 27: Vertoz Limited, a global MadTech and CloudTech technology company, delivering AI-led solutions across advertising, marketing, media monetization, digital identity, and cloud infrastructure, today announced its consolidated results for the fourth quarter and full year ending March 31, 2025. Consolidated Performance Highlights (in crores) Full year Highlights (Y-o-Y) * Revenue from Operations was reported at Rs. 255.20 crore, an increase of 64% Y-o-Y * EBITDA was reported at Rs. 36.44 crore, an increase of 70% Y-o-Y * PAT was reported at Rs. 25.66 crore, an increase of 59% Y-o-Y Q4 FY2025 Highlights (Y-o-Y) * Revenue from Operations was reported at Rs. 65.18 crore, an increase of 43% Y-o-Y * EBITDA was reported at Rs. 12.40 crore, an increase of 86% Y-o-Y * PAT was reported at Rs. 6.01 crore, an increase of 28% Y-o-Y Key Takeaways * Consolidated Revenue has grown 6x (March 2020 - March 2025) * Consolidated Profit CAGR growth of 44% (March 2020 - March 2025) * Focus on talent - expanded from a team of 45 to 350 in 5 years Over the past year, Vertoz has evolved from being an advertising-focused company to becoming a technology enabler -- powering both the future of advertising and marketing through MadTech, and the future of digital identity and cloud services through CloudTech and Domains. Despite global economic headwinds, Vertoz's revenue growth remained resilient, supported by our focus on evolution, adaption and growth. Management's Comment: Mr. Ashish Shah, Director, Vertoz Limited, said: "FY2025 was a year of transformation -- not just in the robust numbers we delivered, but in the kind of company we're becoming. Vertoz is evolving -- from a company with ambition to a company with global relevance. This transformation runs deeper than strategy -- it's a mindset. We're rethinking how we operate, how we innovate, and how we show up for our clients and teams. This shift in mindset has displayed in financial performance - Over the past five years, we've grown sixfold -- a journey that has been both inspiring and energizing. Yet, we're just getting started. From expanding our global presence to investing in what's next, we're building with clarity and intent. Our vision is clear: to become a global force in MadTech and CloudTech -- and in doing so, champion India's place on the world's digital map. I am incredibly proud of how our teams across the globe came together to drive innovation, stay agile, and deliver real value to our partners and customers. This is just the beginning -- we are setting the foundation for a bolder, even more global Vertoz."
Yahoo
06-04-2025
- Business
- Yahoo
Bank of America gives eye-popping Nvidia stock forecast amid tariffs
The U.S. economy and global markets are once again experiencing turbulence following President Donald Trump's announcement on April 2 of 'reciprocal tariffs' of at least 10% for many countries. The S&P 500 index lost 10% in the two days following the tariff announcement, while the tech-heavy Nasdaq composite tumbled 11%. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 The steep tariffs could weigh heavily on U.S. consumers and enterprises as products imported could cost more. "We view this as kind of a growth shock... this is going to be a hit to U.S. consumers," Ashish Shah, Goldman Sachs's chief investment officer of public investing, said on April 3. While the White House said semiconductors are excluded from tariffs, the disruption could still ripple through downstream electronics manufacturing and could impact demand for semiconductors. On April 3, 2025, the Philadelphia Semiconductor Index plummeted nearly 10%, outpacing the broader S&P 500 Index's 5% drop. It fell another 7.6% on April 4. Nvidia, often viewed as the bellwether for AI-driven chip demand, has not been spared. The stock lost more than 14% across the two sessions. Analysts at HSBC downgraded Nvidia's stock following the latest tariffs, citing limited GPU pricing power going forward and increasing mismatches in the supply chain. It wasn't the only Wall Street firm to weigh in. Bank of America also updated its Nvidia stock forecast. Even before the tariff announcement, Nvidia () had been wrestling with headwinds. The chipmaker, long a darling of Wall Street for its dominance in artificial intelligence, saw its stock sink nearly 20% in Q1 2025, weighed down by the rollout of China's cheap AI model, DeepSeek, disappointing earnings, and a broader tech sell-off caused by economic revenue growth, once soaring at triple-digit rates, slowed to 78% year-over-year in the fourth quarter of 2024—still solid but a comedown for investors who had hoped for more. Meanwhile, despite Nvidia CEO Jensen Huang highlighting many times that the demand for Blackwell is "extraordinary," keeping up with that demand has started to pressure the company's profit margins. The company reported a non-GAAP 73.5% gross margin for Q4, which was 3.2 points shy of a year earlier. It attributed the smaller profit margin to newer, more complicated, and costly data center products, including Blackwell. Nvidia's supply chain is mainly concentrated in the Asia-Pacific region. Its chip production highly depends on foundries such as Taiwan Semiconductor Manufacturing Company () . Nevertheless, Huang has suggested that he wasn't expecting tariffs to impact the company's outlook significantly and that Nvidia would eventually bring more manufacturing onshore. 'Tariffs will have a little impact for us short term,' he said. Despite these challenges, Bank of America remains Nvidia's staunch defender. Analysts led by Vivek Arya named Nvidia, alongside Broadcom () , Lam Research () , and Cadence Design Systems () , as the firm's top semiconductor picks after Trump announced tariffs. The analyst said these companies have the best scale, profit margins and balance sheets. Arya said no company is immune from the impact of tariffs, but those with solid balance sheets and strong fundamental exposure in AI, cloud, and complex computing are likely to hold up better over the medium to long added that AI spending should stay relatively healthy among major U.S. cloud providers (like Meta () and Microsoft () ) who can afford to pay more for mission-critical Al deployments. Bank of America also noted that firms with U.S.-based manufacturing assets, including Texas Instruments () , Intel INTC, GlobalFoundries () , and Wolfspeed () , may benefit from shifting supply chains. Companies with pricing power, such as Nvidia and Arm () , are also likely to remain more resilient amid economic volatility. More Nvidia: Nvidia stock: The AI tailwind could just be getting started Nvidia stakes out aggressive future, despite investor unease AI bet from tech upstart could be a major blow to Nvidia Nvidia stock closed at $94.31 on April 4 and is down roughly 30% year-to-date. Bank of America suggested a buying in another report on March 26 as the valuation is "still compelling." "We believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends," Arya in to access your portfolio
Miami Herald
06-04-2025
- Business
- Miami Herald
Bank of America gives eye-popping Nvidia stock forecast amid tariffs
The U.S. economy and global markets are once again experiencing turbulence following President Donald Trump's announcement on April 2 of "reciprocal tariffs" of at least 10% for many countries. The S&P 500 index lost 10% in the two days following the tariff announcement, while the tech-heavy Nasdaq composite tumbled 11%. Don't miss the move: Subscribe to TheStreet's free daily newsletter The steep tariffs could weigh heavily on U.S. consumers and enterprises as products imported could cost more. "We view this as kind of a growth shock... this is going to be a hit to U.S. consumers," Ashish Shah, Goldman Sachs's chief investment officer of public investing, said on April 3. While the White House said semiconductors are excluded from tariffs, the disruption could still ripple through downstream electronics manufacturing and could impact demand for semiconductors. On April 3, 2025, the Philadelphia Semiconductor Index plummeted nearly 10%, outpacing the broader S&P 500 Index's 5% drop. It fell another 7.6% on April 4. Nvidia, often viewed as the bellwether for AI-driven chip demand, has not been spared. The stock lost more than 14% across the two sessions. Analysts at HSBC downgraded Nvidia's stock following the latest tariffs, citing limited GPU pricing power going forward and increasing mismatches in the supply chain. It wasn't the only Wall Street firm to weigh in. Bank of America also updated its Nvidia stock forecast. PATRICK T. FALLON/Getty Images Even before the tariff announcement, Nvidia (NVDA) had been wrestling with headwinds. The chipmaker, long a darling of Wall Street for its dominance in artificial intelligence, saw its stock sink nearly 20% in Q1 2025, weighed down by the rollout of China's cheap AI model, DeepSeek, disappointing earnings, and a broader tech sell-off caused by economic uncertainties. Related: Billionaire Bill Ackman delivers frank 3-word message on tariff war Nvidia's revenue growth, once soaring at triple-digit rates, slowed to 78% year-over-year in the fourth quarter of 2024-still solid but a comedown for investors who had hoped for more. Meanwhile, despite Nvidia CEO Jensen Huang highlighting many times that the demand for Blackwell is "extraordinary," keeping up with that demand has started to pressure the company's profit margins. The company reported a non-GAAP 73.5% gross margin for Q4, which was 3.2 points shy of a year earlier. It attributed the smaller profit margin to newer, more complicated, and costly data center products, including Blackwell. Nvidia's supply chain is mainly concentrated in the Asia-Pacific region. Its chip production highly depends on foundries such as Taiwan Semiconductor Manufacturing Company (TSM) . Nevertheless, Huang has suggested that he wasn't expecting tariffs to impact the company's outlook significantly and that Nvidia would eventually bring more manufacturing onshore. "Tariffs will have a little impact for us short term," he said. Despite these challenges, Bank of America remains Nvidia's staunch defender. Analysts led by Vivek Arya named Nvidia, alongside Broadcom (AVGO) , Lam Research (LRCX) , and Cadence Design Systems (CDNS) , as the firm's top semiconductor picks after Trump announced tariffs. The analyst said these companies have the best scale, profit margins and balance sheets. Arya said no company is immune from the impact of tariffs, but those with solid balance sheets and strong fundamental exposure in AI, cloud, and complex computing are likely to hold up better over the medium to long term. Related: Veteran analyst revamps recession outlook amid tariff war He added that AI spending should stay relatively healthy among major U.S. cloud providers (like Meta (META) and Microsoft (MSFT) ) who can afford to pay more for mission-critical Al deployments. Bank of America also noted that firms with U.S.-based manufacturing assets, including Texas Instruments (TXN) , Intel INTC, GlobalFoundries (GFS) , and Wolfspeed (WOLF) , may benefit from shifting supply chains. Companies with pricing power, such as Nvidia and Arm (ARM) , are also likely to remain more resilient amid economic volatility. More Nvidia: Nvidia stock: The AI tailwind could just be getting startedNvidia stakes out aggressive future, despite investor uneaseAI bet from tech upstart could be a major blow to Nvidia Nvidia stock closed at $94.31 on April 4 and is down roughly 30% year-to-date. Bank of America suggested a buying in another report on March 26 as the valuation is "still compelling." "We believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends," Arya wrote. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
