Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Tiger Global-Backed Geniemode Trims FY25 Loss By 35% To INR 51 Cr
The article reviews the FY25 performance of Geniemode, a B2B-ecommerce/logistics startup backed by Tiger Global. The firm registered revenue growth of ~21% to ~INR 672.6 crore (from ~INR 556.2 crore in FY24). Its service revenue jumped ~127% to INR 15.2 crore, while total revenue including other income stood at ~INR 678.4 crore. Net loss narrowed ~35% to ~INR 50.7 crore (versus ~INR 77.6 crore prior). The article notes that growth in topline coupled with expense discipline is contributing to improved performance, although profitability is still distant. As a B2B logistics player scaling with focus on supply-chain and ecommerce enablement, the story illustrates the challenge of balancing growth with sustainable margins in such businesses.