India, Nov. 14 -- The July-September quarter this year tells us a story of both the successes and failures of India's new-age tech firms. Backed by the growth in online insurance, PB Fintech, the parent of Policybazaar, an online insurance firm, reported a 38 per cent hike in revenue, and a higher 165 per cent in profit after tax. The revenue of FSN E-Commerce Ventures, better known as Nykaa, was up 25 per cent, and profit a higher 154 per cent. In the case of Eternal Brands, which owns delivery services like Zomato and Blinkit, revenue was up 183 per cent, but profit plummeted 63 per cent. India's EV (electric vehicle) marvel Ola Electric's revenue slipped 43 per cent, even as the quarterly loss widened to more than Rs 400 crore.

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