Medkart posted 18% rise in scale in FY23, losses spike 7X
Heathcare focused company Medkart registered an 18% rise in its scale to Rs 35.9 crore in FY23. The same year saw operations contributing over Rs 35 crore to the overall revenue, a 17.4% rise as compared to its preceding fiscal. Visit - https://thekredible.com/blogs/medkart-posted-18-rise-in-scale-in-fy23-losses-spike-7x
#Medkart #revenue #startupnews #thekredible #businessdata #datainsight
Heathcare focused company Medkart registered an 18% rise in its scale to Rs 35.9 crore in FY23. The same year saw operations contributing over Rs 35 crore to the overall revenue, a 17.4% rise as compared to its preceding fiscal. Visit - https://thekredible.com/blogs/medkart-posted-18-rise-in-scale-in-fy23-losses-spike-7x
#Medkart #revenue #startupnews #thekredible #businessdata #datainsight
Heathcare focused company Medkart registered an 18% rise in its scale to Rs 35.9 crore in the fiscal year ending March 2023.
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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
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
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
SaaS based firm Videoverse’s revenue spike 3X in FY23, losses rise 12X
SaaS based company Videoverse recorded a 3.7X spike in revenue to Rs 1.94 crore in FY23. Videverse has raised over Rs 800 crore through 3 funding rounds. It last raised Rs 374 crore in its Series C round led by Bluestone Equity Partners last December.
Visit - https://thekredible.com/blogs/saas-based-firm-videoverses-revenue-spike-3x-in-fy23-losses-rise-12x
#Videoverse #revenue #SaaS #Startupnews #TheKredible
SaaS based company Videoverse recorded a 3.7X spike in revenue to Rs 1.94 crore in FY23. Videverse has raised over Rs 800 crore through 3 funding rounds. It last raised Rs 374 crore in its Series C round led by Bluestone Equity Partners last December.
Visit - https://thekredible.com/blogs/saas-based-firm-videoverses-revenue-spike-3x-in-fy23-losses-rise-12x
#Videoverse #revenue #SaaS #Startupnews #TheKredible
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
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
R for Rabbit records over 10% revenue growth in FY23, expenses rise 1.6X
Baby care brand R for Rabbit reported a FY23 revenue of Rs 129 crore, marking a 10% growth from the previous year. Established in 2014, the Ahmedabad-based company offers a range of baby products and raised Rs 40 crore in funding. Despite revenue growth, losses surged from FY22's Rs 42.8 lakhs to Rs 9.9 crore in FY23. Founder Kunal Popat holds over 60% of shares, with Xponentia Capital as a major investor. Expenses, notably in ads and promotions, rose 1.6X to Rs 30 crore.
#thekredible #Rabbit #Startups #News #Data #Insight #StartupNews #BabyProducts
https://thekredible.com/blogs/r-for-rabbit-records-over-10-revenue-growth-in-fy23-expenses-rise-1-6x
Baby care brand R for Rabbit reported a FY23 revenue of Rs 129 crore, marking a 10% growth from the previous year. Established in 2014, the Ahmedabad-based company offers a range of baby products and raised Rs 40 crore in funding. Despite revenue growth, losses surged from FY22's Rs 42.8 lakhs to Rs 9.9 crore in FY23. Founder Kunal Popat holds over 60% of shares, with Xponentia Capital as a major investor. Expenses, notably in ads and promotions, rose 1.6X to Rs 30 crore.
#thekredible #Rabbit #Startups #News #Data #Insight #StartupNews #BabyProducts
https://thekredible.com/blogs/r-for-rabbit-records-over-10-revenue-growth-in-fy23-expenses-rise-1-6x
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/
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/
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