Tue, Nov 26, 2024 1:00 PM
Algoquant Fintech Standalone September 2024 Net Sales at Rs 21.77 crore
A Flip by Shubhangi Gupta
Reported Standalone quarterly numbers for Ram Informatics are: Net Sales at Rs 4.00 crore in September 2024 down 78.85% from Rs. 18.93 crore in September 2023. Quarterly Net Profit at Rs. 0.21 crore in September 2024 down 90.08% from Rs. 2.16 crore in September 2023. EBITDA stands at Rs. 1.41 crore in September 2024 down 68.94% from Rs. 4.54 crore in September 2023.
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Limited partners (LPs), who had tightened their purse strings in the first quarter of 2024 after fresh commitments to India-focused private equity, private credit, venture capital and public markets funds hit a record high at the end of 2023, are slowly raising their allocation to the alternatives asset class.
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FPL Technologies Pvt Ltd, the company behind credit card platform and fintech unicorn OneCard, is raising a total of $28.5 million (around Rs 240 crore) in a bridge funding round. San Francisco-based venture capital firm Better Tomorrow Ventures has joined the cap table in the latest round with existing investors Peak XV Partners and Z47 (the erstwhile Matrix Partners India) also chipping in.
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