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/

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/