AVIOM India Housing recorded 53% rise in top scale in FY23

AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position.

#thekredible #AVIOMIndiaHousing #Fintech #HousingFinance #DelhiBasedCompany #FinancialPerformance #HomeLoans #ProfitGrowth #GojoAndCompany #IndianFintech

https://thekredible.com/blogs/aviom-india-housing-recorded-53-rise-in-top-scale-in-fy23

Lahori posted 5X rise in revenue in FY23, profits surge

Punjab-based company Lahori, founded in 2018 by Saurabh Munjal and Nikhil Doda, recorded a revenue of Rs 214.84 crore in FY23, a 5.7x increase from the previous year. Specializing in non-alcoholic beverages like Zeera, Nimboo, Kacha Aam, and Shikanji, Lahori saw 99.523% of its revenue from product sales. Despite a 6x rise in expenses to Rs 202.90 crore, the company achieved a profit of Rs 7.88 crore, a 2.8x increase. In 2022, Lahori raised over Rs 60 crore in Series A funding led by Verlinvest, with key shareholders including Munjal, Bhutna, Doda, and Verlinvest SA. Its EBITDA margin was 14.72%, and ROCE was 5.96%.

#thekredible #LahoriBeverages #BusinessGrowth #NonAlcoholicDrinks #StartupSuccess #FinancialGrowth #InvestmentSuccess #IndianStartups #BeverageIndustry #Lahori

https://thekredible.com/blogs/lahori-posted-5x-rise-in-revenue-in-fy23-profits-surge

Beyond the Listing Bell: Tracking Key Metrics of Startup Tech Stocks

Since the IPO boom of 2021, Indian startups have increasingly opted for public listings, shifting focus from unicorn status. Only two new unicorns emerged in 2024 compared to 47 in 2021, with 26 tech startups raising over Rs 64,000 crore via IPOs since 2021. These IPOs provide financial stability, wealth creation for investors, and inspiration for other startups. Notable IPOs include Paytm, Nykaa, and PolicyBazaar. The trend continues with companies like Ola Electric and FirstCry planning IPOs. Despite challenges, startups emphasize profitability and realistic valuations to attract investors, contributing to India’s economic growth and innovation.

#TheKredible #StartupIPO #IndianStartups #IPO2024 #StartupSuccess #StockMarket #TechIPO #TechStocks #InvestmentOpportunities #IPOAnalysis #RevenueGrowth #InvestmentStrategies #IndianEconomy #InvestorInsights #StartupNews

https://thekredible.com/blogs/beyond-the-listing-bell-tracking-key-metrics-of-startup-tech-stocks

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

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

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

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

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

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

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/

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

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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