Edukemy’s scale rose 14% in FY23, losses narrow 70%
Edukemy, a Bengaluru-based test prep edtech startup, saw significant improvements in FY23, with revenue growing 14% to Rs 7.6 crore and expenses dropping 44% to Rs 12 crore. Its personalized education platform boosted sales of services to over Rs 7 crore. Founded by Deb Tripathi and Shabbir A Bashir, the company reduced losses by 70% to Rs 4.9 crore. Employee benefits made up 40% of expenses, while depreciation and legal charges contributed 10% and 5% respectively. Edukemy's last funding round raised Rs 15 crore in 2021.
#thekredible #StartupNews #Startup #IndianStartup #Edukemy #EdtechStartup #TestPrep #BengaluruStartup #EdtechInnovation #TechInEducation #EdtechNews #EducationTechnology #EducationStartup #EdtechIndia
https://thekredible.com/blogs/edukemys-scale-rose-14-in-fy23-losses-narrow-70
Edukemy, a Bengaluru-based test prep edtech startup, saw significant improvements in FY23, with revenue growing 14% to Rs 7.6 crore and expenses dropping 44% to Rs 12 crore. Its personalized education platform boosted sales of services to over Rs 7 crore. Founded by Deb Tripathi and Shabbir A Bashir, the company reduced losses by 70% to Rs 4.9 crore. Employee benefits made up 40% of expenses, while depreciation and legal charges contributed 10% and 5% respectively. Edukemy's last funding round raised Rs 15 crore in 2021.
#thekredible #StartupNews #Startup #IndianStartup #Edukemy #EdtechStartup #TestPrep #BengaluruStartup #EdtechInnovation #TechInEducation #EdtechNews #EducationTechnology #EducationStartup #EdtechIndia
https://thekredible.com/blogs/edukemys-scale-rose-14-in-fy23-losses-narrow-70
Bengaluru based test prep edtech startup Edukemy’s FY23 financials saw quite an improvement of 14% to Rs 7.6 crore in FY23.
thekredible.com
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Exclusive: Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake
Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023.
#Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews
https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/
Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023.
#Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews
https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/
Flebo.in recorded 2X rise in scale in FY23, losses widen
Gurugram-based Flebo.in, specializing in home blood collection, saw a 2.3X revenue increase to Rs 3.4 crore in FY23. However, expenses surged nearly seven-fold to Rs 17.9 crore, driven by advertising, employee benefits, and legal charges. The startup, founded by Ajay and Avani Singh, incurred losses of Rs 10.7 crore, a significant rise from FY22's Rs 80 lakhs. Despite the financial challenges, Flebo.in's ROCE improved to 184.00%.
#thekredible #Healthcare #HealthTech #Startup #MedicalTesting #FinancialPerformance #HealthServices #BusinessGrowth #StartupIndia #FleboIn #HealthcareIndustry #HomeBloodCollection
https://thekredible.com/blogs/flebo-in-recorded-2x-rise-in-scale-in-fy23-losses-widen
Gurugram-based Flebo.in, specializing in home blood collection, saw a 2.3X revenue increase to Rs 3.4 crore in FY23. However, expenses surged nearly seven-fold to Rs 17.9 crore, driven by advertising, employee benefits, and legal charges. The startup, founded by Ajay and Avani Singh, incurred losses of Rs 10.7 crore, a significant rise from FY22's Rs 80 lakhs. Despite the financial challenges, Flebo.in's ROCE improved to 184.00%.
#thekredible #Healthcare #HealthTech #Startup #MedicalTesting #FinancialPerformance #HealthServices #BusinessGrowth #StartupIndia #FleboIn #HealthcareIndustry #HomeBloodCollection
https://thekredible.com/blogs/flebo-in-recorded-2x-rise-in-scale-in-fy23-losses-widen
Tickertape’s revenue scales 2.4X in FY23, losses rise to Rs 35 Cr
Bengaluru-based fintech startup Tickertape saw a 2.4X revenue growth to Rs 7.4 crore in FY23. Founded by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta, it provides investment information and analysis. Operating revenue rose to Rs 7 crore, comprising 93% of total revenue. Expenses doubled to Rs 42.7 crore, with significant spending on employee benefits and advertising. Despite raising Rs 40 crore in 2021, losses doubled to Rs 35.3 crore in FY23. Its EBITDA margin is -419.38%, with ROCE at 0.00%.
#thekredible #Tickertape #FintechGrowth #RevenueScaling #StartupSuccess #InvestmentPlatform #BengaluruStartups #StartupFunding #News #Startup #EmployeeBenefits #FintechNews #StockMarketTools #InvestmentResearch #StartupJourney
https://thekredible.com/blogs/tickertapes-revenue-scales-2-4x-in-fy23-losses-rise-to-rs-35-cr
Bengaluru-based fintech startup Tickertape saw a 2.4X revenue growth to Rs 7.4 crore in FY23. Founded by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta, it provides investment information and analysis. Operating revenue rose to Rs 7 crore, comprising 93% of total revenue. Expenses doubled to Rs 42.7 crore, with significant spending on employee benefits and advertising. Despite raising Rs 40 crore in 2021, losses doubled to Rs 35.3 crore in FY23. Its EBITDA margin is -419.38%, with ROCE at 0.00%.
#thekredible #Tickertape #FintechGrowth #RevenueScaling #StartupSuccess #InvestmentPlatform #BengaluruStartups #StartupFunding #News #Startup #EmployeeBenefits #FintechNews #StockMarketTools #InvestmentResearch #StartupJourney
https://thekredible.com/blogs/tickertapes-revenue-scales-2-4x-in-fy23-losses-rise-to-rs-35-cr
Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment
Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce.
#Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket
https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/
Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce.
#Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket
https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/
Funding and acquisitions in Indian startup this week [27 May-01 Jun]
Indian startups raised $387.23 million, comprising 13 growth-stage deals totaling $309.7 million and 20 early-stage deals worth $77.53 million. Major deals include SEDEMAC, Infra.Market, and Ather Energy. Bengaluru led with 15 deals, followed by Delhi-NCR. E-commerce, fintech, and EV sectors dominated. Seed funding led with 8 deals. Funding decreased by 13% from the previous week. Notable hirings include InCred's COO appointment. Seven funds were launched, and notable acquisitions include BharatX acquiring Zenifi. ESOP buybacks and potential market moves were observed. Various financial results and news flashes were reported. Notable launches include Shopsy by Flipkart and Q-Zap by Razorpay.
#Entrackr #Fintrackr #Funding #Acquisitions #Startup #WeeklyRoundup #WeeklyReport #Report #WeeklyFundingReport #StartupNews
https://entrackr.com/2024/06/funding-and-acquisitions-in-indian-startup-this-week-27-may-01-jun/
Indian startups raised $387.23 million, comprising 13 growth-stage deals totaling $309.7 million and 20 early-stage deals worth $77.53 million. Major deals include SEDEMAC, Infra.Market, and Ather Energy. Bengaluru led with 15 deals, followed by Delhi-NCR. E-commerce, fintech, and EV sectors dominated. Seed funding led with 8 deals. Funding decreased by 13% from the previous week. Notable hirings include InCred's COO appointment. Seven funds were launched, and notable acquisitions include BharatX acquiring Zenifi. ESOP buybacks and potential market moves were observed. Various financial results and news flashes were reported. Notable launches include Shopsy by Flipkart and Q-Zap by Razorpay.
#Entrackr #Fintrackr #Funding #Acquisitions #Startup #WeeklyRoundup #WeeklyReport #Report #WeeklyFundingReport #StartupNews
https://entrackr.com/2024/06/funding-and-acquisitions-in-indian-startup-this-week-27-may-01-jun/
UniScholars posted 2X rise in revenue in FY23, expenses follow
UniScholars, an online scholarship platform, soared to Rs 34.6 crore revenue in FY23, marking a 2.6X increase from the previous fiscal year. With all revenue from operations, it's become a go-to for students seeking overseas education, offering comprehensive services from pre-departure to post-landing. Despite substantial funding and shareholder shifts, expenses surged 3.4X to Rs 73 crore, widening losses to Rs 38.3 crore.
#thekredible #Startup #StartupNews #Data #Insights #UniScholars #StudyAbroad #EdTech #Investment #ScholarshipPlatform #HigherEducation #StudentServices #FundingRound #FinancialResults
https://thekredible.com/blogs/unischolars-posted-2x-rise-in-revenue-in-fy23-expenses-follow
UniScholars, an online scholarship platform, soared to Rs 34.6 crore revenue in FY23, marking a 2.6X increase from the previous fiscal year. With all revenue from operations, it's become a go-to for students seeking overseas education, offering comprehensive services from pre-departure to post-landing. Despite substantial funding and shareholder shifts, expenses surged 3.4X to Rs 73 crore, widening losses to Rs 38.3 crore.
#thekredible #Startup #StartupNews #Data #Insights #UniScholars #StudyAbroad #EdTech #Investment #ScholarshipPlatform #HigherEducation #StudentServices #FundingRound #FinancialResults
https://thekredible.com/blogs/unischolars-posted-2x-rise-in-revenue-in-fy23-expenses-follow
BluSmart raising $24 Mn in pre Series B
BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai.
#Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth
https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/
BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai.
#Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth
https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/
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Shark Tank funded Koparo’s revenue soar 7X in FY23, expenses cross Rs 7 Cr
Delhi-based D2C firm Koparo’s revenue jumped 7.3X to Rs 4.4 crore in FY23 with operations contributing over Rs 4 crore. The preceding fiscal year, the company recorded a revenue of Rs 62 crore.
#SharkTank #Koparo #Revenue #Startup
https://thekredible.com/blogs/shark-tank-funded-koparos-revenue-soar-7x-in-fy23-expenses-cross-rs-7-cr
Delhi-based D2C firm Koparo’s revenue jumped 7.3X to Rs 4.4 crore in FY23 with operations contributing over Rs 4 crore. The preceding fiscal year, the company recorded a revenue of Rs 62 crore.
#SharkTank #Koparo #Revenue #Startup
https://thekredible.com/blogs/shark-tank-funded-koparos-revenue-soar-7x-in-fy23-expenses-cross-rs-7-cr
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/
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/
GlobalBees witnesses revenue of Rs 36 Cr, losses hit Rs 30 Cr
The company, valued at Rs 8666 crore, earned ₹ 36.26 crore in revenue in FY22, of which 50% came from operations. There was a loss of Rs 30.08 crore and expenses of ₹ 66.31 crore. Employee perks accounted for more than 30% of its annual expenses. Globalbees reported an EBITDA margin of -52.39% and an ROCE of -0.97% for the same financial year.
#thekredible #globalbees #startup #news
https://thekredible.com/blogs/globalbees-witnesses-revenue-of-rs-36-cr-losses-hit-rs-30-cr
The company, valued at Rs 8666 crore, earned ₹ 36.26 crore in revenue in FY22, of which 50% came from operations. There was a loss of Rs 30.08 crore and expenses of ₹ 66.31 crore. Employee perks accounted for more than 30% of its annual expenses. Globalbees reported an EBITDA margin of -52.39% and an ROCE of -0.97% for the same financial year.
#thekredible #globalbees #startup #news
https://thekredible.com/blogs/globalbees-witnesses-revenue-of-rs-36-cr-losses-hit-rs-30-cr
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/
TheKredible - Discover the market intelligently
The Kredible is a data platform that crunches critical numbers of Indian startups across domains such as e-commerce, fintech, healthcare, edtech among others. Our goal is to provide company insights and data for anyone to filter noise and evaluate startups solely through numbers.
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https://thekredible.com/
The Kredible is a data platform that crunches critical numbers of Indian startups across domains such as e-commerce, fintech, healthcare, edtech among others. Our goal is to provide company insights and data for anyone to filter noise and evaluate startups solely through numbers.
#thekredible #data #insight #startup #news
https://thekredible.com/
Get all the Technology, FinTech, Edtech,statups,companies information like Funding,Investors,people behind it, Financials, Newsetc.
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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/
XpressBees acquires courier firm Trackon
XpressBees has acquired the logistics and supply chain firm, Trackon. The deal also marks the first acquisition for the e-commerce-focused logistics startup since its inception in 2015. Last month, Entrackr exclusively reported about the development.
#XpressBees #Startup #news #fintrackr
https://entrackr.com/2023/08/xpressbees-acquires-courier-firm-trackon/
XpressBees has acquired the logistics and supply chain firm, Trackon. The deal also marks the first acquisition for the e-commerce-focused logistics startup since its inception in 2015. Last month, Entrackr exclusively reported about the development.
#XpressBees #Startup #news #fintrackr
https://entrackr.com/2023/08/xpressbees-acquires-courier-firm-trackon/
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/
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