Lovable has confirmed a new valuation of $13.3 billion after raising $400 million in funding. The startup achieved a remarkable $500 million in annualized run rate revenue as of June, showcasing its rapid growth and strong market presence. This latest investment highlights investor confidence in Lovable's innovative business model and future potential.
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"Looks like Lovable is on a roll, and investors are loving it!"
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Jyothy Labs' operating margin has plummeted to 8.4% due to the West Asia crisis and Henkel AG's exit from their licensing deal. The company's margin dropped significantly from 16.5% last year, despite a price hike of 4-4.5% in the June quarter. This downturn highlights the challenges faced by Jyothy Labs in maintaining profitability amidst external pressures.