Kunal Manchanda
@Kunal_POV
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Lead Research @entrackr .com | Startups | #Fintrackr 📧 kunal @entrackr .com
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NEW: 🚨💣 Radio Mirchi has acquired Gaana via slump sale at Rs 25 lakh only.
➡️ Gaana was last valued at $580 million and raised over $200 Mn.
➡️ After the acquisition, there are no free services by Gaana and the annual subscription increased from Rs 299 to Rs 599.
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12
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NEW: Bootstrapped SaaS firm Wingify posted Rs 51 crore profits after tax on the revenue of Rs 223 crore in FY23.
Founder salary: Rs 17.95 crore
CEO's salary: Rs 5.82 crore
➡️ It's huge but it makes all sense when you established such a successful business.👏
7
25
343
Shark Tank-fame D2C brand Snitch raised $13 million or Rs 110 crore in a Series A round co-led by SWC Global and IvyCap Ventures.
Snitch claims that it will open over 100 offline stores across India by 2028
Compnay said, that its topline crossed Rs 100 crore in revenue in FY23
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Have you seen any start-up with Rs 570 crore in revenue and Rs 200 crore in PAT (profit after tax)? 🤫
Magical figures:
➡️For every Rs 2.85 of revenue, the company is booking a rupee of profit, and that too after tax!!
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10
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Milky Mist recorded Rs 928 crore operating revenue with 4 fold jump in profits in FY21
The Erode-based bootstrapped company has emerged as one of the strongest competitors to new age startups in this space
my
#Fintrackr
story with
@upadhyay_harsh1
4
25
147
PhonePe came home
Razorpay coming home
Groww coming home
Sab ghar aa rhe hai, tum kab aaogi ?? 😢
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1/2 Alert 🚨- One unicorn down🔪: Paytm mall is giving exit to Alibaba + Ant. While the stakes of the two was valued over $1.1 Bn in 2019, they are writing off their investments and exiting with meagre $5.3Mn.
Super story by
@Tyagi0G
+
@upadhyay_harsh1
5
23
91
Tiger Global-backed gold savings platform Jar spent Rs 137 Cr to earn Rs 9 Cr in FY23
Jar has raised over $60 million to date and is valued at around $325 million.
Jar lets users invest as little as Re 1 in digital gold and convert it to physical gold through company partners.
4
15
92
Sachin Bansal's NAVI fired 200 employees across tech, product, and analytics.
▶️ The company also delayed its public listing plan citing weak market conditions.
▶️ Navi is among the rarest companies that resorted to layoffs even after booking a profit of Rs 264 crore in FY22.
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💰Exclusive: Lenskart raised $100M Series I from Alpha Wave Ventures at post money valuation of $4.3Bn
break with
@upadhyay_harsh1
1
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💥BIG: Pure play bootstrapped startup PW (Physics Wallah) is raising $100 Mn in its maiden funding round to enter the Unicorn club.
exclusive by
@jaivardhan88
@upadhyay_harsh1
#entrackr
0
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Exclusive: Cloud kitchen company Biryani By Kilo has raised $9 million or Rs 72 crore in its Series C round led by Alpha Wave Ventures.
➡️ BBK has raised around $55 million to date. As per
@TheKredible
estimates, the company has been valued at $105 Mn post-allotment.
1
14
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FrontRow, a learning platform for non-academic skills, has shut down its operations.
▶️ According to sources, the company is also returning about $2.5 million to its investors which include Lightspeed, EightRoads, and Elevation among others.
1
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Kunal Shah’s CRED financials on a unit level:
➸ Spent Rs 729 to earn Re 1 in FY20.
➸ Spent Rs 7 to earn Re 1 in FY21.
Story by
@jaivardhan88
@Tyagi0G
@entrackr
#Fintrackr
0
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If Comeback had a face then
@bookmyshow
could be the poster boy of it. 👏
➡️ The company scaled 2.5X YOY and crossed Rs 1,000 Cr in revenue with hefty profits of Rs 85 Cr in FY23.
➡️ During the COVID-affected year (FY21), it posted Rs 74 Cr revenue with a loss of Rs 223 Cr.
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Kunal Shah’s CRED to make its first acquisition with alcohol payment and delivery startup HipBar.
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💰Dental tech startup Toothsi has raised 100 Cr ($13Mn) led by IIFL
➡ As per Fintrackr's estimates, it is now valued at around $252 Mn.
story with
@upadhyay_harsh1
@entrackr
0
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Startups are not just limited to fund raising and cash burn, they also generate massive job opportunities.
Here is the list of Top 10 unicorns in terms of head count, giving employment to over 2 lakh people.👏
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Jewellery startup GIVA raised Rs 270 Cr in a Series B round led by Premji Invest
➡️ Besides equity, it also has a secondary component (Rs 70 Cr) to provide partial exits to existing backers: Kunal Shah and First Cheque
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Exclusive: Decoding Ashneer Gorver's new venture: Third Unicorn seed round
▶️It has raised $3.5Mn led by ZNL growth fund along with the participation of f 28 other ventures and angel investors at a valuation of $35 million
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Funding Alert🚨 Tea Cafe chain Chaayos has raised $45Mn led by Alpha Wave Ventures and existing backers Elevation Capital, Tiger Global and Think Investments at a post money valuation of $250Mn.
my story with
@upadhyay_harsh1
via
@entrackr
2
13
63
Vineeta Singh-led company sugar Cosmetics crosses Rs 200 crore revenue mark in FY22
▶️In the line of revenue, the losses of the company spiked 3.6X to Rs 76 crore in the same period
👉Its top competitor Mamaearth posted Rs 943 crore revenue against a Rs 14 crore loss in FY22.
2
10
61
NEW: Public listed company Nyka to acquire Chiratae and Blume Ventures-backed Little Black Book. This year, the Falguni Nayar-led firm also invested in Earth Rhythm, Nudge Wellness, and KICA.
break by
@upadhyay_harsh1
via
@entrackr
3
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Unicorn + profitability
➡️🏏Indian fantasy sports company Dream11 recorded Rs 2,554 crore operating revenue in FY21 with over 3X jump in profits to Rs 327 crore.
Story by
@Tyagi0G
and
@jaivardhan88
0
13
61
After claiming in 2019 that Binance had bought WazirX, now it turns out that the deal never happened. A fact that WazirX or Binance for that matter did not care to share with anyone until the raid by ED. [1/2]
my story with
@upadhyay_harsh1
via
@entrackr
4
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Digital healthcare platform Practo: (1/3)
Is anything wrong with them?
1. Filed their FY21 figures in March 2023 and FY22 numbers in June 2023, why? -
➡️ Who cares, coz everyone is care about Byju's financials = harsh but true 😅
1
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Saregama is all set to acquire a 51.82% stake in the digital entertainment startup Pocket Aces for Rs 174 crore or $20 Mn.
👉🏻 Pocket Aces has three main channels: Dice Media (premium long-form web series), Filter Copy (short-form content) and Gobble (short-form food videos).
1
10
58
Amazon Pay India’s revenue crossed Rs 2,000 Cr while losses surpassed Rs 1,740 crore mark in FY21-22
▶ Advertising and payment processor charges constitute 87% of the overall expenditure for the company.
my
#Fintrackr
story with
@upadhyay_harsh1
1
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Fintech unicorn Slice’s financials
Operating revenue
▪️FY21: Rs 35.35 Cr
▪️FY20: Rs 29.88 Cr
Expenses
▪️FY21: Rs 47.87 Cr
▪️FY20: Rs 35.72 Cr
Loss
▪️FY21: Rs 8.91 Cr
▪️FY20: Rs 1.87 Cr
Story
@entrackr
3
11
58
The skincare brand Minimalist's scale ballooned 8X during the last two reported fiscal years and posted Rs 184 Cr in revenue in FY23.
➡️ The brand has demonstrated consistent profitability for three consecutive years
➡️ The name Minimalist is showing extraordinary performance👏
1
8
58
Milk Mantra crosses Rs 235 crore revenue mark in FY21. The Bhubaneshwar-based dairy foods company registered a profit of Rs 23.25 crore
my
#Fintrackr
story with
@upadhyay_harsh1
1
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#Fintrackr
: The Souled Store near Rs 150 Cr revenue mark in FY22 with controlled expenses
▶️ The Company also claimed a revenue run rate of Rs 450 Cr during their Series C funding round
▶️ It has raised Rs 135 Cr in the last month led by Xponentia capital
2
9
58
I love when a company does good.
We have posted PocketFM’s FY22 results where the company registered 12 Cr revenue with Rs 171 Cr loss
👉🏻 Now the
@PocketFM_App
revenue is near Rs 150 Cr and losses were contracted 73.5% in FY23.
Cheers to the team 👏
Pocket FM with pocket-size revenue !!!
▶️ Is India the market where people will pay money for listing podcasts?
any reviews? 😬
0
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1
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Decoding Third Wave Coffee's Series C round:
The company has raised Rs 251.8 Cr or $31 Mn in its Series C round, docs sourced from RoC show.
➡️ Third Wave Coffee has been valued at $155 Mn.
➡️ WestBridge is the largest shareholder with 32.6% followed by Creaegis with 13.6%
1
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Whenever we say bootstrapped, we usually talk about profitable companies
👉One such company, Gameskraft (FY22):
Revenue: 2,112 Cr
Profit: 937 Cr (after-tax)
▶️ They also paid a tax of Rs 330 Cr during FY22
▶️ It operates games like Rummy Culture, Gamezy, Rummy Time
1
9
56
Drone Manufacturing company
@ideaforge_tech
has filed Red Herring Prospectus with SEBI.
IPO size: 570 Cr
Fresh Issue: 240 Cr
Offer for sale: Rs 330 Cr
Financials Stats:
Revenue: 186 Cr
Profit: 32 Cr
Bidding dates: 26th- 29th June, 2023
Price Band: Rs 638-672
2
10
55
Rajnish Kumar joins Byju’s Advisory Council to advise and mentor the company’s board and its CEO Byju Raveendran.
Meanwhile Ashneer Grover:
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New: BigBasket's B2C biz losses surged 89% to Rs 1,535 Cr in FY23 with flat revenue growth.
What can be the reason for their flat revenue:
1. are people getting bored with BB?
2. Blinkit and Instamart entry?
3. Do marketing techniques need to be updated?
4. No 10 Min delivery?
5
8
55
FreshToHome claims profitability with a topline of around Rs (1,500-2,000 Cr) or $250 Mn in FY23
▶️ Companys's previous fiscal year shows an entirely different picture where it spent $79 Mn to make $13.5 Mn in revenue.
PS: Claiming is good but owning the same is a real flex
1
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NEW: Soon after launch of its $250 Mn India-focused fund, Eight Roads Ventures has led $15 Mn Series A round in Wint Wealth.💰
break with
@upadhyay_harsh1
via
@entrackr
1
10
50
Kota-famed Allen posted Rs 2,277 Cr in revenue with Rs 429 Cr profit after tax during FY23.
➡️ Allen, a seasoned expert with 35 years of experience in offline education, is now extending its influence into online education.
➡️ So far, the leading education company in India.
2
13
53
HealthifyMe raised $30 million in a pre-Series D round led by LeapFrog Investments and Khosla Ventures
➡️ The company has raised $130 million to date.
➡️ HealthifyMe uses software, wearable devices, and fitness trainers to help people reach their fitness goals.
1
5
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Ather Energy revenue grew 5 folds to Rs 408 crore in FY22
The Bengaluru-based company sold 23,408 electric scooters in FY22, a 323% jump as compared to 5,523 units in FY21
my
#Fintrackr
story with
@upadhyay_harsh1
via
@entrackr
1
15
50
Sequoia earns 23X return after its exit from Go Fashion:
▶️ The venture capital made Rs 1,370 Cr from the investment of Rs 60 Cr
▶️ Completed its exit in three tranches/cheques-
1. At the time of IPO = Rs 517 Cr
2. December 2022= Rs 228 Cr
3. June 2023= Rs 625 Cr
1
8
52
D2C brand Vahdam Teas posted flat revenue with a 3.4X spike in losses in FY23
➡️ Its auditor (S.R Batliboi & Associates ) flags qualifications remarks concerning inventories.
➡️ The USA accounted for 67% of the total revenue, whereas Europe and India contributed 17% and 6.3%.
2
9
53
Pet food brand
@DroolsIndia
raised $60 million from private equity firm L Catterton at a valuation of $600 million
➡️ This is one of the largest investments to date in the pet care industry in India.
▶️ Financials Stats (FY22)
Revenue: Rs 355 Cr
Profit: 35.78 Cr
1
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51
Cars24 is the second major Indian company registered in Singapore that has converted into a public company recently. A month ago, Pine Labs had changed its status from private to public
Exclusive story
@entrackr
0
14
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Lay-off is getting common across Indian startups as funding environment turns tepid.
In the first five months of 2022, 1700 employees have been laid off by over a dozen growth and late stage startups.
story by
@upadhyay_harsh1
2
16
45
Decoding
@PhonePe
's financials (Jan-Sep'22) -
▶️ The company records Rs 1,913 Cr revenue with an EBITDA of Rs -410.4 Cr during the first nine months of CY22.
▶️ PhonePe has made 2,721.1 crore transactions with a total payment value of Rs 45.3 trillion in the same period.
2
11
49
Accel and sequoia backed mobility startup Bounce recorded operating revenue of Rs 14 Cr and losses of Rs 305.6 Cr in FY21
#Fintrackr
story with
@Tyagi0G
via
@entrackr
1
13
46
Aurum PropTech acquires Tiger Global- backed home rental startup NestAway for Rs 90 crore
▶️ The acquisition was approved at a 95% valuation cut
▶️ NestAway has raised a total of $110 Mn to date and was valued at $220 Mn in 2019.
2
10
48
Out of Paytm's total IPO proceeds of Rs 81,10 crore, the company spent Rs 4,012 crore till 31st March 2023
▶️ The company allocated the funds towards marketing, broadening its merchant base, enhancing its technology, and pursuing its overall corporate objectives
3
8
48
KKR & Co. backed Livspace stats FY22 👇
▶️ Revenue of the company surged by 54.9% to Rs 570 Cr
▶️ With the increase of 55% in the overall cost, losses spiked to Rs 645 Cr
▶️ After featuring Virat Kohli and Anushka Sharma as their brand ambassadors, marketing costs grew 3.9X
1
8
47
Healthcare-focused ed-tech platform DailyRounds posted Rs 281 Cr Profits after Tax (PAT) on Rs 515 Cr revenue in FY23
➡️ The company has an EAT (earning after tax) of 54.5% while the EBITDA margin stood at 69%
➡️ It spent only Rs 0.36 to earn a rupee. 👏
3
11
48
Quick commerce startup Blinkit’s gross revenue remained flat at Rs 2,616 Cr in FY22
▶️ Blinkit was bought out by Zomato for $568 Mn in all-stock deal with a 43% haircut in valuation
▶️ The distress deal was perhaps driven by Blinkit’s stagnant revenue and mounting losses.
3
10
45
Sleepwell parent acquires "Kurlon mattress" and scoops up 35% stake in "Furlenco"
▶️ Sleepwell acquires 94.66% stake in Kurlon at Rs 2,035 crore
▶️ It also acquires a 35% stake in Furniture rental firm Furlenco at Rs 300 crore
1
9
47
Buy now pay later platform ZestMoney is shutting down its operations by December end.
➡️ It will also let go of around 150 employees currently working with the company.
A thread 🧵
1
8
47
ZOHO operating revenue soars to Rs. 5230 Cr in Fy21, Annual profits increased by 2.4X to nearly Rs. 1,918 crore.
👉 On a unit level, it spent Rs 0.58 to earn a single rupee of operating revenue in FY21
great story by
@jaivardhan88
+
@Tyagi0G
via
@entrackr
1
10
45
Fintech startup CRED scaled over 4X during FY22 while the company's losses were near Rs 1,300 Cr in the same period.
▶️Cred spent Rs 975 Cr on marketing during FY22
▶️ Kunal shah holds 12.1% of the stake while Sequoia, QED, and Ribbit command 10.4%, 10.7%, and 9% respectively.
3
7
47
Cash burn is always a concern for startups but customer acquisition is equally important.🤯
Out of 100 unicorns, 57 startups are in deep losses, as per our data tracking platform Fintrackr.
Impressive report by
@upadhyay_harsh1
+
@M04SA_
1
12
43
In the last two days:
▶️ Fashinza secures $30 Mn
▶️ Souled Store gets $16.4 Mn
▶️ GoMechanic got acquired
▶️ upGrad bags $36 Mn+ backed by existing investors
seems like, summers aate hi, funding winter bhi ja rha hai !!!🎉
2
6
46
Online health and fitness startup "Fittr" tastes profitability, with a significant increase of 93% in its operating revenue in the fiscal year (Fy21).
👉story with
@upadhyay_harsh1
via
@entrackr
#Fintrackr
0
10
45
EatClub Brands (previously Box8) grew two-fold to Rs 210 cr in FY22
▶️It manages nine brands including Mojo pizza, Zaza biryani, Bhatti chicken wings, Box8, NH1 bowls, and others
Revenue:
FY20: Rs 153 cr (pre covid)
FY21: Rs 107 cr (during covid)
FY22: Rs 210 cr (post-covid)
2
7
43
Edtech unicorn Vedantu’s revenue grew to Rs 94 crore while losses inflated 4X to Rs 604 crore.
The Bengaluru based Company spent 80% on salaries and advertisements.
my
#Fintrackr
story with
@upadhyay_harsh1
2
13
43
Scoop confirmed!!
Agritech startup Cropin today announced its Rs 113 Cr funding from ABC Impact, Chiratae, Google, and JSR Corp
This is the first direct investment by Google in any agritech startup in India
@entrackr
exclusively reported this on Dec 9
0
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#Fintrackr
: Zoho never disappoint:
Unpacking Zoho’s financials- FY22
▶️ Total Revenue: Rs 7,000 Cr
▶️ Profits: Rs 2,749 Cr
▶️ Cash flow from operations: Rs 3,534 Cr
👉🏻 North America remains the largest market for Zoho, generating 47.7% of total collection i.e Rs 3,198 crore
1
11
43
Microlending startup SmartCoin raised Rs 52.05 crore or close to $7 million in its Series B round at valuation of over 500 crore.
story with
@upadhyay_harsh1
via
@entrackr
0
13
42
Mahindra Logistics is acquiring Rivigo Services Private Limited’s B2B express business for Rs 225 crore in a slump sale.
▶ B2B express business contributed over 58% or Rs. 371.3 cr to the company’s total collection in FY21
✍️
@upadhyay_harsh1
0
8
41
Licious gets a reality check: why?
Let me tell you!
The company planned to clock Rs 1,500 Cr revenue in FY23 but actually posted 50% less.
➡️ Licious registered a Rs 500 Cr loss on the revenue of Rs 747 crore in FY23
2
12
43
Online rummy platform A23 witnessed a dip in scale and profit in FY22
▶️ They also onboarded Shahrukh Khan as brand ambassador to keep up the charm but it didn't work as we look into the annual statements.
👉 Should we consider this a downfall for gaming companies post Covid?
1
10
42
Wow! Momo has raised Rs 75 crore or $9 million as a part of Series D round from ValueQuest Capital.
➡️ As per
@TheKredible
estimates, the company has been valued at around $340 Mn post-allotment.
Largest stakeholder- Tiger Global: 14.08%
ValueQuest Capital after infusion: 3.21%
1
8
42
The PeakXV holds over 21% of the anonymous social media platform Grapevine.
PeakXV secured this substantial percentage in its seed round. A good bet, I would say.
According to startup data intelligence platform TheKredible, Grapevine has been valued at Rs 95.3 Cr or $11.62 Mn
3
8
42
#FINTRACKR
: Full-fledged online travel agent (OTA)
@ixigo
posts Rs 119 Cr in op-revenue in Q1 FY23 and profits rise to Rs 9 Cr
👉The compnay is set to go public and already filed DRHP to raise Rs 1,600 crore in August last year
my story with
@M04SA_
1
14
40
#FINTRACKR
: Wakefit becomes one of the top D2C brands in terms of revenue. The Sequoia-backed company recorded Rs. 400 Cr+ in operating revenue in FY21.
My story with
@upadhyay_harsh1
via
@entrackr
1
9
40
Hindustan Unilever acquires D2C Nutrition brand OZiva via strategic investment
👉 The first tranche of 51% stake will be at a cash consideration of Rs 264.28 cr
👉 HUL will acquire the remaining 49% stake after the expiry of three years from the completion of the first tranche.
1
8
39
Car-servicing startup GoMechanic has raised money after nearly 30 months.
➡️ The company raised $6 million at a valuation of $20 million.
➡️ At its peak, it was valued at around $325 million when Tiger Global led a $42 million round in November 2021
1
12
40
Exclusive: A new company founded by Ola founder Bhavish Aggarwal, Krutrim SI Designs is in talks to raise up to $100 Mn
➡️ Matrix has committed to invest $15 million in the company’s maiden funding round while several of Ola’s existing and new investors will also participate..
2
8
39
⌚️Smartwatch and wearable brand Noise revenue jumped 2.4X to Rs 372.7 crore in FY21
The bootstrapped company founded by Amit and Gaurav Khatri also posted a net profit of Rs 32.89 crore in FY21. 💰 👏
#Fintrackr
story with
@Tyagi0G
0
11
35
Awfis has filed its DRHP for Rs 160 Cr of fresh issue and an offer for sale (OFS) of up to 10,023,172 equity shares
Offloading percentage of existing shareholders:
Peak XV: 32.7% of its holding
Bisque Limited: 31.46% of its stake
Lead Managers: ICICI, Axis, IIFL & Emkay Global
1
12
39
Consumer appliances brand Atomberg has raised $86 Mn in its Series C funding led by Temasek and Steadview Capital
▶️ Atomberg last raised $20 Mn led by jungle ventures. It raised nearly $130 million to date.
▶️ FY22 stats:
Revenue: 356 Cr
Loss: 39.3 Cr
1
10
39
Decoding GOAT Brands Labs:
➡️ The company posts Rs 15 crore in revenue with a loss of Rs 28.6 crore during FY22
➡️ It has a portfolio of around 20 brands including its five recent acquisition
➡️ GOAT brands compete with Globalbees, Mensa brand, 10 Club, Evenflow, and others
2
9
38
#Fintrackr
: News aggregator
@inshorts
registered $18.9 Mn (Rs 143.9 crore) revenue in FY22 while the company's losses shot up to $31.8 million (Rs 241.68 crore) in the same period.
▶️ It spent $21.63 million or Rs 164.39 crore on advertisement during FY22
1
11
36
NEW: B2B EdTech company Classplus buys out Matrix and Pivot Ventures’ stake in Testbook
▶ As per sources, the investment is strategic in nature and Classplus may acquire Testbook completely in the future.
my story with
@upadhyay_harsh1
1
11
35
OfBusiness’s GMV (gross merchandise value) surged 2.14X to Rs 15,342 crore in FY23
➡️ Its profits spiked 2.3X Rs 463 crore in the same period.
➡️ The eight-year-old company was valued at $5 billion after a $325 million Series G round in December 2021.
1
9
38
Exclusive: Kota-fame Allen Career Institute is acquiring doubt clearing edtech company DoubtNut.
➡️ This would be a distress deal with some cash and stock.
➡️ Doubtnut has raised about $50 million to date and it posted Rs 26 crore in revenue during the previous fiscal.
2
10
37
Top 15 real and fantasy gaming startups spent over Rs 5,000 Cr on advertisements during FY22
▶️ Dream11 spent the most followed by Games24*7 and MPL
▶️ 7 out of 15 startups are profitable
▶️ Top 5 real and fantasy gaming startups generate over Rs 8,000 Cr revenue in FY22
1
9
36
Mohalla Tech, the parent entity of ShareChat and short video entertainment app Moj posted Rs 533 crore revenue in FY23
➡️ How they earn-
1. ShareChat Coin, the in-app virtual currency: 285 Cr
2. Advertisement: 255 Cr
3. Gaming platform "Jeet11": 13 Cr
1
11
36
GOAT Brands sticks with Chumbak and four other D2C brands in an acquisition deal
▶️ GOAT is a marketplace roll-up platform that acquires (D2C) brands and scales them.
▶️ It competes with Mensa Brands, GlobalBees, Evenflow, 10club, Powerhouse91, and UpScalio among others.
1
8
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#Fintrackr
: Bootstrapped firm Jaro Education, another Edtech to become profitable after PW and DailyRounds
▶️ The company scaled 78.3% to Rs 85 crore and registered a profit of Rs 6.3 crore in FY22
▶️ Jaro claimed YOY growth of 76% with a revenue of Rs 150.97 in FY23
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Cars24 posted a flat scale during FY23, while the losses declined by 57%.
The company generated 93% of its gross revenue from car sales.
➡️ Its financial services segment became profitable
➡️It has a total current assets of Rs 1,659 Cr including cash/bank bal. and inventory.
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Eduvanz raised over 100 cr led by Rethink Education
▶️Existing investors: Sequoia Capital, Juvo Ventures, and Unitus Ventures also participated
▶️ Sequoia holds a 32.4% stake after the allotment while new investor Rethink Education commands 5% of capital
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#Fintrackr
: Zerodha registered 5X growth in both revenue and profits in last 2 year
FY20
Revenue= 938 cr
Profits = 424 cr
FY21
Revenue = 2729 cr
Profits = 1122 cr
FY22
Revenue = 4964 cr
Profits = 2094 cr
story by
@upadhyay_harsh1
+
@M04SA_
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Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Ant Fin through his fully-owned firm Resilient Asset Management
▶️ In consideration, Sharma's Resilient will issue OCDs worth $628 Mn to Ant Fin
▶️ Ant's stake reduced to 13.5% while Sharma will hold 19.2% post-transaction.
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Kalaari Capital and Ratan Tata-backed CashKaro recorded revenue near Rs 100 Cr in FY21. The company maintained good control over the expenses and kept losses under Rs 7 Cr in the fiscal.
#fintrackr
story with
@upadhyay_harsh1
via
@entrackr
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👨🏫Edtech platform Doubtnut recorded Rs 2 crore operating revenue in FY21 with 3.9X jump in losses to Rs 102.32 crore.
#Fintrackr
story with
@upadhyay_harsh1
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Lending platform
@CASHeApp
double its revenue with over 7X growth in their net profit during FY22
Revenue: Rs 247.91 crore
PAT: Rs 33.88 crore
▶️ CASHe claims over Rs 7,200 crore of disbursal across 2.1 million loans. Its app has been downloaded over 30 million times
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After a month of announcing the merger with North East Small Finance Bank (NESFB), Slice has raised $9 million or Rs 75 crore in debt round.
➡️ The debt funding may exceed up to Rs 300 crore, according to the regulatory filing.
➡️ Slice alone raised $340 Mn to date.
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Hike posted Rs 19 crore revenue in FY22 against a loss of Rs 118.7 crore in the same period.
▶️ Hike's total outstanding loss registered at Rs 1,775 crore.
▶️ Total funding raised by the company is $261 Mn across 8 rounds.
👉 Let's see how the new model "Rush by Hike" works.
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