BluSmart raises $24 Mn from existing investors, founders and leadership team
BluSmart Mobility, an EV ride-hailing service and charging infrastructure operator, raised $24 million in an equity round with over-subscription from existing investors, founders, and leadership. The company, challenging Ola and Uber, operates over 4,000 EV chargers across 34 hubs in Delhi-NCR and Bengaluru. With plans to scale its fleet to 8,000 EVs, BluSmart reported crossing $50 million in annual revenue run-rate, growing over 100% YoY, despite losses increasing to Rs 65.4 crore in FY22 as per TheKredible.
#Entrackr #Fintrackr #BluSmart #Startups #StartupNews #News #thekredible #IndianStartups
https://entrackr.com/2023/12/blusmart-raises-24-mn-from-existing-investors-founders-and-leadership-team/
BluSmart Mobility, an EV ride-hailing service and charging infrastructure operator, raised $24 million in an equity round with over-subscription from existing investors, founders, and leadership. The company, challenging Ola and Uber, operates over 4,000 EV chargers across 34 hubs in Delhi-NCR and Bengaluru. With plans to scale its fleet to 8,000 EVs, BluSmart reported crossing $50 million in annual revenue run-rate, growing over 100% YoY, despite losses increasing to Rs 65.4 crore in FY22 as per TheKredible.
#Entrackr #Fintrackr #BluSmart #Startups #StartupNews #News #thekredible #IndianStartups
https://entrackr.com/2023/12/blusmart-raises-24-mn-from-existing-investors-founders-and-leadership-team/
BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, has raised $24 million in a new equity round.
entrackr.com
Post
BookMyShow posts Rs 1,026 Cr income and Rs 85 Cr profit in FY23
BookMyShow is an outlier and its comeback after the pandemic sets the company apart from other late-stage firms. During the pandemic (FY21), the firm’s revenue nose-dived to Rs 74 crore as multiplexes and other offline entertainment shows were restricted but it bounced back with a staggering 13X growth in the last two fiscal years (FY22 & FY23) and also posted a hefty profit in the fiscal year ending March 2023. BookMyShow’s revenue from operations surged 3.5X to Rs 976 crore in FY23 from Rs 277 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies show.
#Entrackr #Fintrackr #Bookmyshow #Startups #StartupNews #News #IndianStartups
https://entrackr.com/2023/12/bookmyshow-posts-rs-1026-cr-income-and-rs-85-cr-profit-in-fy23/
BookMyShow is an outlier and its comeback after the pandemic sets the company apart from other late-stage firms. During the pandemic (FY21), the firm’s revenue nose-dived to Rs 74 crore as multiplexes and other offline entertainment shows were restricted but it bounced back with a staggering 13X growth in the last two fiscal years (FY22 & FY23) and also posted a hefty profit in the fiscal year ending March 2023. BookMyShow’s revenue from operations surged 3.5X to Rs 976 crore in FY23 from Rs 277 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies show.
#Entrackr #Fintrackr #Bookmyshow #Startups #StartupNews #News #IndianStartups
https://entrackr.com/2023/12/bookmyshow-posts-rs-1026-cr-income-and-rs-85-cr-profit-in-fy23/
Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23
Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth.
Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies.
#Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle
https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/
Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth.
Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies.
#Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle
https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/
Funding and acquisitions in Indian startups this week [2-7 Oct]
This week, 14 Indian startups raised about $128 million. E-commerce-focused packaging company Bizongo made the headlines this week for raising the largest funding of this week and soon after laying off around 15% of its workforce. E-commerce roll up startup Mensa Brands and EV infrastructure and Software Company Bolt. Earth were the only other two firms which raised funding in double digits this week.
#WeeklyFundingReport #Entrackr #News #StartupNews #Funding #Acquisitions #Startup
https://entrackr.com/2023/10/funding-and-acquisitions-in-indian-startups-this-week-2-6-oct/
This week, 14 Indian startups raised about $128 million. E-commerce-focused packaging company Bizongo made the headlines this week for raising the largest funding of this week and soon after laying off around 15% of its workforce. E-commerce roll up startup Mensa Brands and EV infrastructure and Software Company Bolt. Earth were the only other two firms which raised funding in double digits this week.
#WeeklyFundingReport #Entrackr #News #StartupNews #Funding #Acquisitions #Startup
https://entrackr.com/2023/10/funding-and-acquisitions-in-indian-startups-this-week-2-6-oct/
Easebuzz’s scale doubles to Rs 230 Cr in FY23; remains profitable
Easebuzz, a company in the payments infrastructure industry, said it doubled its operating scale during FY23, and it appears that the Payment Aggregator license it acquired in August 2022 may have been a key factor in this expansion.
#Startup #News #Easebuzz’s #Fintrackr #StartupNews
https://entrackr.com/2023/07/easebuzzs-scale-doubles-to-rs-230-cr-in-fy23-remains-profitable/
Easebuzz, a company in the payments infrastructure industry, said it doubled its operating scale during FY23, and it appears that the Payment Aggregator license it acquired in August 2022 may have been a key factor in this expansion.
#Startup #News #Easebuzz’s #Fintrackr #StartupNews
https://entrackr.com/2023/07/easebuzzs-scale-doubles-to-rs-230-cr-in-fy23-remains-profitable/
Sponsored