Tag Archives: Growth

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Truebil bets big on used-car market growth, looks to grow 5x this year

Mumbaikars do not like black cars, but those, especially burly SUVs, sell like hot cakes in Delhi. Likewise, cars from South Mumbai find few takers, thanks to multiple stories about rust eating into the vehicles because of the area’s close proximity to the sea. These are few of the crucial analytical tools used by online marketplace Truebil.com, which sells used ... Read More »

Car Sales August 2018: Hyundai Registers Sales Growth Of 3.4 Per Cent

The country’s second largest car manufacturer, Hyundai Indiaregistered sales growth of 3.4 per cent in the month of August 2018 as it sold 61,912 units compared to 59,905 units sold in the same period last year. However, the domestic sales stood at 45,801 units, a decrease of 2.8 per cent as compared to 47,103 units sold in the same period last ... Read More »

Car Sales August 2018: Mahindra Registers 14 Per Cent Growth

Mahindra & Mahindra announced its auto sales for the month of August 2018, and the automaker has registered a 14 per cent growth in volumes. The company’s overall sales stood at 48,324 units last month, as compared to 42,207 units sold during August 2017. Mahindra’s domestic sales stood at 45,373 units last month, which grew by 15 per cent. The passenger ... Read More »

Carvana notches wins on Wall Street Online used-vehicle retailer sees a path to growth and profitability

Carvana, known for its vehicle vending machines, here and below, never has made a profit. But the Phoenix company has been expanding rapidly with a targeted strategy. Carvana Co. might still be bleeding money, but that has not stopped Wall Street analysts from liking what they see from the online used-vehicle retailer. Carvana this month reported a $38.4 million loss ... Read More »

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS. Titled ‘Bank lending and loan quality: the case of India’, the working paper said the non-performing loans (NPLs) of private ... Read More »

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS. Titled ‘Bank lending and loan quality: the case of India’, the working paper said the non-performing loans (NPLs) of private ... Read More »

iOS Sees Strongest Growth Rate in 2 Years Thanks to iPhone 7 Sales: Kantar

The latest OS sales data figures from Kantar Worldpanel ComTech reveals that iOS adoption has seen a boost in three months ending October, all thanks to the sales of the iPhone 7 and iPhone 7 Plus. Japan currently holds the top spot where iOS holds the greatest share at 51.7 percent of smartphone sales, followed by 44 percent in Great ... Read More »

Chinese Makers Lead Smartphone Growth as Apple, Samsung Shares Plummet: Gartner

Chinese manufacturers are driving growth in the smartphone market as sector leaders Samsung and Apple sputter, a survey showed Thursday. The survey by Gartner Inc. showed that in the third quarter, three Chinese vendors – Huawei, Oppo and BBK Communication Equipment – together accounted for 21 percent of the smartphones sold worldwide, and were the only vendors in the top ... Read More »

iPhone Sales in India Rose Over 50 Percent This Year; Apple Banking on Reliance Jio, Middle Class for Future Growth

On the back of its first annual revenue decline in 15 years, Apple is now looking at India – one of its fastest-growing markets – for future growth. CEO Tim Cook said in the company’s fourth-quarter earnings call that it saw a 50 percent growth in iPhone sales in the fiscal year ending September 2016 and sees headroom for more ... Read More »