MoneyView posts Rs 577 Cr revenue in FY23; profit spikes 27X
Online credit platform MoneyView secured $75 million in its Series E round led by Apis Partners in December 2022. The mammoth funding helped the firm achieve 2.6X growth in its scale along with a staggering 27X jump in profit during the fiscal year ending March 2023. Visit - https://entrackr.com/2024/04/moneyview-posts-rs-577-cr-revenue-in-fy23-profit-spikes-27x/
#Entrackr #MoneyView #Revenue #startupnews #news

Portea’s revenue stays flat in FY23; losses grow 32%
Home healthcare solution provider Portea has been struggling to scale which is evident from its stagnant growth in FY23. At the same time, the Accel-backed firm’s losses grew 32% during the fiscal year ending March 2023. Visit- https://entrackr.com/2024/04/porteas-revenue-stays-flat-in-fy23-losses-grow-32/
#ENtrackr #Portea #Revenue #startupnews #news

Nikhil Kamath-backed Gruhas invests in Shark Tank fame Bummer

Shark Tank fame direct-to-consumer (D2C) innerwear brand Bummer has raised Rs 9.25 crore led by Gruhas Consumer Fund along with the participation of Fluid Ventures Fund.
Visit - https://entrackr.com/2024/03/exclusive-nikhil-kamath-backed-gruhas-invests-in-shark-tank-fame-bummer/
#SharkTank #Bummer #investment #startupnews #entrackr

Tata Digital-backed Cult.fit tops up Series F with $10 Mn funding

Health and wellness platform Cult.fit (formerly Cure.fit) has scooped Rs 84.5 crore or $10.2 million in an extended Series F round led by existing backer Valecha Investments.

#Cultfit #Tata #Curefit #Cult.fit #Health #Wellness #Entrackr #News

https://entrackr.com/2024/02/exclusive-tata-digital-backed-cult-fit-tops-up-series-f-with-10-m-n-funding/

Yatra churns profits in Q3 FY24, revenue crosses Rs 110 Cr

Yatra’s revenue from operations grew 17.2% to Rs 110.3 crore in Q3 FY24 as compared to Rs 94.13 crore Q2 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange.
While compared to Q3 of the previous fiscal year (Q3 FY23), the operating revenue of the company increased over 23% from Rs 89.6 crore.

#Yatra #Revenue #Startup #News #Entrackr

https://entrackr.com/2024/02/yatra-churns-profits-in-q3-fy24-revenue-crosses-rs-110-cr/

Cashfree posts Rs 614 Cr revenue in FY23; losses widen

Cashfree, backed by State Bank of India, reported a 75.43% growth in operating scale in FY23, with revenue reaching Rs 614 crore. However, losses surged to Rs 133 crore from Rs 3 crore in FY22 due to a substantial increase in employee benefits and payment processing costs. The company's primary revenue source is commissions from merchants, rising 75% to Rs 613.29 crore. With expenses doubling, including a 2.1X increase in payment processing charges, Cashfree faced losses attributed to investments in R&D and market share growth.

#Entrackr #Fintrackr #News #Cashfree #Startups #StartupNews #IndianStartups

https://entrackr.com/2024/01/cashfree-posts-rs-614-cr-revenue-in-fy23-losses-widen/