Latest Startup l Technology News | Entrackr
WEB2 days ago · Nazara raising $108 Mn led by SBI MF; market cap reaches $1 Bn. Entrackr is an independent voice on Indian Internet economy. We offer latest technology news as well as business news. Apart from news, we provide actionable insight to entrepreneurs across sectors including e-commerce, content, fintech among others.
AgroStar scores $70 Mn in Series D round - Entrackr
WEBDecember 7, 2021. News. Omnichannel agriculture advisory and commerce marketplace AgroStar has raised $70 million in its Series D funding round from Evolvence, Schroders Capital, Hero Enterprise, and CDC. Existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures also participated in the round.
Rebel Foods rebrands Faasos app as EatSure - Entrackr
WEBSeptember 26, 2020. News. Rebels Foods’ Faasos app has now been rebranded as EatSure. The foodtech major intimated the rebranding exercise to users through email. The company joins the list of notable companies such as Navi, Urban Company and INDMoney who went under rebranding exercises in the recent past. It looks like the rebranding has ...
FinAGG raises $11 Mn in Series A led by Blue Orchard and
WEBJan 18, 2024 · FinAGG Technologies, a fintech startup offering cash-flow based supply chain finance, has raised $11 million in its Series A funding round co-led by global impact investment manager BlueOrchard and Tata Capital Limited. The round saw participation from Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners.
Jitendra Gupta’s neobank Jupiter acquires EasyPlan - Entrackr
WEBJune 28, 2021. Snippets. Jitendra Gupta-led neo banking startup Jupiter has acquired EasyPlan, a financial saving app for individuals. This is the second acquisition by Jupiter after it took over Mitter.io in 2019. According to Gupta, the acquisition will allow Jupiter to expand its user base and enhance its saving and investment capabilities.
BlinkIt revenue crosses 2,700 Cr in FY21; losses pile up to
WEBMar 23, 2022 · BlinkIt has also managed to improve its EBITDA margin to -16.5% in FY21 from -38.5% in FY20 but it accumulated losses of Rs 6126.6 crore ($817 million) on its balance sheet at the end of March 2021. For reference, the company is slated to be valued at $700-800 million in its share-swap deal with Zomato.
Edtech startup iNurture raises Rs 75 Cr in debt - Entrackr
WEBApr 21, 2022 · Edtech company iNurture, which provides higher education programmes in India, raising Rs 75 crore in debt. The Bengaluru-based company passed a resolution in their shareholder meetings to offer 1,500 non convertible debentures (NCD) at issue price of Rs 5,00,000 each to raise Rs 75 crore. The 13-year-old …
boAt posts Rs 2,873 Cr revenue in FY22, profit dips 20% - Entrackr
WEBJan 19, 2023 · The company registered over 2X growth in its scale for two consecutive fiscal years: FY21 and FY22. But the firm’s profit dipped 20% in FY22 as cost of procurement outpaced its revenue growth. boAt’s revenue from operations shot up 2.2X to Rs 2,873 crore during the fiscal year ending March 2022 as opposed to Rs 1,314 crore in FY21 ...
Lenskart is EBITDA profitable with Rs 3,788 Cr revenue in FY23
WEBApr 25, 2024 · Lenskart has raised over $1.6 billion to date and was last valued at $4.5 billion in its last fundraise of $100 million in June last year. According to the startup data intelligence platform TheKredible, Softbank is the largest external stakeholder followed by Premji Invest and Kedaara Capital.As per Fintrackr’s estimates, its enterprise value to revenue multiple stood at 2.8X in FY23.
Bootstrapped SaaS firm Wingify’s profit past Rs 51 Cr in FY21
WEBMay 30, 2022 · On a unit level, Wingify spent Rs 0.65 to earn a single rupee during the fiscal ended in March 2021. Due to the strategic decisions taken by the management, Wingify has managed to improve its EBITDA margin from 33.47% in FY20 to 40.22% during FY21. As a result, annual profits have grown by 28% YoY to Rs 51.5 crore despite the negligible growth ...