eNews
Snap Inc names Ajit Mohan chief business officer; reports strong Q4 growth
MUMBAI: Snap Inc has promoted Ajit Mohan to chief business officer, according to its Q4 2024 investor letter released on 4 February 2025. Mohan, who joined the company over two years ago as president of APAC, successfully expanded Snap’s business and presence across the region.
In his new role, Mohan will oversee the company’s global advertising operations, lead its revenue product teams, and drive alignment with partners to accelerate growth. He will be based in New York.
The investor letter highlighted Snap Inc’s continued focus on expanding its community, diversifying revenue, and advancing augmented reality (AR) technology.
Key financial highlights include:
* Daily active users (DAUs): 453 million, up 39 million year-on-year.
* Q4 revenue: $1.56 billion, a 14 per cent year-on-year increase, driven by direct-response (DR) advertising and Snapchat+ subscriptions.
* Profitability: $276 million adjusted EBITDA and $182 million in free cash flow.
* Net income: $9 million.
For 2024, Snap Inc reported $5.36 billion in revenue, marking a 16 per cent annual increase. Direct response advertising revenue also rose by 16 per cent . Snapchat+ subscriber numbers doubled from 7 million to 14 million, contributing to a 131 per cent rise in subscription revenue, which now exceeds an annualised run rate of $500 million.
Snap achieved $509 million in adjusted EBITDA for the year, its fifth consecutive year of positive results, along with $219 million in free cash flow.
Mohan’s appointment signals Snap’s intent to strengthen its global advertising strategy and build on its ongoing financial momentum.
eNews
Swiggy sees record orders during India vs New Zealand T20 final
Chicken biryani tops match-day menu as fans order 7,500 times per minute at peak.
MUMBAI: India’s T20 final didn’t just break stumps, it broke Swiggy’s delivery records, proving cricket fans celebrate victories with plates, not just flags. Swiggy, India’s leading on-demand convenience platform, reported a sharp spike in food orders during the ICC Men’s T20 World Cup final between India and New Zealand. On 8 March 2026, overall orders rose 23.2 per cent year-on-year compared with the same date in 2025, driven by fans turning living rooms into mini stadiums complete with match-day feasts.
Key highlights from the evening:
- Orders during peak match hours (7–10 pm) were 2.1 times higher than pre-match levels.
- The highest order rate hit 7,500 orders per minute at 19:45.
- Chicken biryani reigned supreme as the most-ordered dish, followed by masala dosa, chicken fried rice, garlic breadsticks and paneer butter masala.
While metros such as Bengaluru, Mumbai and Hyderabad led volumes, the cricketing fever spread nationwide. Among emerging cities, Thiruvananthapuram, Surat and Rajkot recorded the strongest order growth. Smaller markets including Shillong, Agartala and Port Blair also showed significant appetite, underlining the expanding footprint of quick-commerce food delivery across India.
The surge reflects a growing trend of pairing major sporting events with doorstep delivery, turning big matches into shared, convenient celebrations. In a night where every boundary mattered, Swiggy proved the real MVP might just be the delivery partner who kept the snacks and the vibes flowing without missing a single wicket.
