Amagi, Shiprocket post profits; US polls’ impact on IT
This news roundup highlights two significant earnings moments for Indian tech startups. Amagi, a media and technology company, achieved a nearly 30-fold surge in Q2 profit, signaling strong operational efficiency. Shiprocket, an ecommerce enablement platform serving MSMEs, turned profitable in its latest quarter after losses in prior periods, a major inflection point for the young company.
Key points
- Amagi's Q2 profit increased nearly 30x
- Shiprocket achieved first quarterly profitability
- Both are growth-stage Indian startups
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Economic Times Tech did the reporting; read the original for the full story.
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