D-Street’s new-age firms strike a profit note

Nine of India’s top 12 new-age firms grew revenues by 25% or more in October–December, driven by wider market reach and rising digital demand. Eternal, owner of Zomato and Blinkit, tripled its revenue, while Swiggy, Ather Energy, Lenskart, PB Fintech, Meesho and Nykaa saw 25–54% growth. Profits also rose at Nykaa, Eternal, Delhivery and Paytm.