In today’s briefing:
- Religare’s New Dawn: The Burman Family Takes Control
- Freshworks Inc.: Advancements in AI & IT Solutions To Drive Market Penetration Across Various Customer Segments!
- Asia Real Estate Tracker (21-Feb-2025): Brookfield sells Sydney complex for $210M
- Upstart Holdings Inc.: Expansion into New Loan Products & Markets As A Crucial Factor In Stock Trajectory!
Religare’s New Dawn: The Burman Family Takes Control
- After an 18-month saga, the Burman family has taken control of REL, acquiring 25.16% equity and planning a INR 2,000 crore capital infusion.
- This takeover ends promoter-less governance, injecting fresh strategic capital to transform Religare into a competitive NBFC and drive long-term recovery.
- Investors should now view Religare as a turnaround story, with robust governance reforms, lower debt, and renewed focus on core financial services promising sustainable growth.
Freshworks Inc.: Advancements in AI & IT Solutions To Drive Market Penetration Across Various Customer Segments!
- Freshworks’ latest financial performance and strategic initiatives offer a complex picture with both strengths and potential challenges.
- Over the fourth quarter and full fiscal year 2024, the company delivered strong financial results, marking significant improvements in revenue and profit margins compared to prior estimates.
- Freshworks recorded a revenue increase of 22% year-over-year, reaching $194.6 million in Q4 alone, while reporting a notable non-GAAP operating margin of 21%.
Asia Real Estate Tracker (21-Feb-2025): Brookfield sells Sydney complex for $210M
- Brookfield has sold a Sydney logistics complex for $210M to Ontario Teachers’, KIC, and Gateway.
- CapitaLand Investment has closed a $130M private credit fund in Korea.
- Sun Hung Kai has bought a $77M residential plot, the cheapest land sale in 11 years in Hong Kong.
Upstart Holdings Inc.: Expansion into New Loan Products & Markets As A Crucial Factor In Stock Trajectory!
- Upstart Holdings Inc. recently reported a strong financial performance for the fourth quarter and full-year 2024, marking significant progress in various aspects of its operations.
- The company demonstrated a noteworthy increase in both origination volume and revenue, reflecting substantial growth compared to previous quarters and the prior year.
- Originations grew by 33% sequentially, and revenue increased by 35% in the same period.
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