Entrackr
@entrackr
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Independent voice on emerging internet economy | #Startup | #Fintrackr | #Snippets | #Report |
Gurgaon, India
Joined April 2017
CRED launches credit card ‘Sovereign’ with IndusInd Bank ✍️ @Kunal_POV
entrackr.com
Fintech unicorn CRED has officially rolled out its much-anticipated co-branded credit card with IndusInd Bank, a high-profile entry into the premium cards space.
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#Exclusive: Martech platform Wondrlab to raise fresh funds at $90 Mn valuation ✍️ @manchanda_mukul
entrackr.com
Wondrlab to raise Rs 40.8 crore ($4.6 million) in a fresh round led by Wildflower Private Trust, with participation from Pi Ventures, Tanas Capital, and others.
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#Exclusive: Incred to raise Rs 1,500 Cr via fresh issue in IPO ✍️ @Kunal_POV
entrackr.com
InCred is preparing for an IPO with a total issue size at $460-560 Mn. As part of the offer, the fintech firm is set to raise Rs 1,500 crore via a fresh issue of shares.
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IPV-backed electric mobility startup MyPickup shuts down
entrackr.com
MyPickup, a subscription-based electric mobility startup backed by Inflection Point Ventures (IPV), has shut down operations after three years in business. Snippets
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#Exclusive: Digital lending platform Finnable to raise Rs 250 Cr in new round ✍️ @Kunal_POV
entrackr.com
Digital lending platform Finnable is set to raise Rs 250 crore in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited.
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#FINTRACKR: Edtech unicorn LEAD cuts losses by 70%; revenue remains flat ✍️ @manchanda_mukul
entrackr.com
Digital learning solutions provider LEAD posted flat revenue in FY25. However, the company managed to cut its losses by nearly 70% due to stringent cost-control measures
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Funding and acquisitions in Indian startup this week [Sep 08- Sep 13] Report by @manchanda_mukul and @shashank_ent
entrackr.com
During the week, 26 Indian startups raised a total of $329 million, including 5 growth-stage and 19 early-stage deals, while 2 startups kept their funding undisclosed. Weekly Funding report
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Indian startups weekly roundup 🚀26 startups 💰$329 Mn total funding 🌱21 early stage deals 🧑💻 6 key hirings 🚶♂️3 key departures 🤝 3 M&A 📄 170 layoffs
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We're the studio behind the designs you keep seeing. We build apps, sites, brands, and products end-to-end. Hire us for your next launch!
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Breaking: Hike to shut down globally, says founder Kavin Mittal => Last month, Mittal said Hike would exit India to focus on the US, UK, Canada & Australia, but it has now opted for a complete shutdown. => About $4 Mn left will be used for dues, severance & returning funds to
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#Exclusive: Kavin Mittal’s Hike shuts down operations completely ✍️ @upadhyay_harsh1
entrackr.com
After 13 years of operations, Hike is shutting down completely, including its US business, founder and chief executive officer (CEO) Kavin Mittal informed investors in an email on Saturday.
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#Exclusive: Lighthouse-backed Duroflex converts into public company ✍️ @manchanda_mukul
entrackr.com
Sleep solutions company Duroflex is preparing for an IPO and has taken a concrete step by converting its holding firm into a public limited entity.
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NEW: Flipkart Internet, the B2B arm of Walmart-owned firm, reported a 14% YoY rise in revenue, crossing the Rs 20,000 Cr mark in the fiscal year ending March 2025. The Bengaluru-based firm also reduced its losses by 37%, bringing them below Rs 1,500 Cr. 1/2 via @entrackr
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#FINTRACKR: Flipkart Internet reports Rs 20,493 Cr revenue in FY25; losses down 37% ✍️ @priyans_x
entrackr.com
Fintrackr: Flipkart Internet reported a 14% year-on-year rise in revenue, The company also reduced its losses by 37%, bringing them below Rs 1,500 crore during FY25.
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#Exclusive: Rooftop solar company Zunroof secures fresh funds from Godrej ✍️ @manchanda_mukul
entrackr.com
Rooftop solar startup Zunroof has secured another Rs 25 crore ($2.85 Mn) fresh funds led by Godrej Family Office with the participation of angel investors.
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#FINTRACKR: Gameskraft crosses Rs 4,000 Cr revenue in FY25; PAT down 25% ✍️ @priyans_x
entrackr.com
Gameskraft’s FY25 numbers reflect strong performance before RMG ban. The firm reported double-digit revenue growth and maintained profitability during the fiscal year.
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#FINTRACKR: Myntra profit zooms 18X to Rs 548 Cr in FY25 ◾The fashion e-commerce platform also crossed the Rs 6,000 Cr revenue mark in the last fiscal year. ✍️ @manchanda_mukul
entrackr.com
Myntra, the Flipkart-owned fashion e-commerce platform, crossed Rs 6,000 crore revenue in FY25, with profit after tax (PAT) soaring 18X in the same period.
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D2C pickle brand FarmDidi raises Rs 7 Cr led by Samved Ventures
entrackr.com
FarmDidi, a D2C pickle brand that empowers rural women entrepreneurs, has raised over Rs 7 crore in a seed funding round led by Samved Ventures. Snippets
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Battery circularity company PeakAmp raises $1.37 Mn in Seed round led by Caret Capital
entrackr.com
The startup also said it has executed successful pilots with leading industry players and is forging partnerships across the battery lifecycle—from collection and logist
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FirstCry injects Rs 73 Cr in Globalbees, raises stake to 51.51%
entrackr.com
Snippets: FirstCry has infused Rs 73 crore into its subsidiary Globalbees Brands Pvt. Ltd. as part of the second tranche of its Series C2 funding round.
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Govt launches Rs 100 Cr scheme for green hydrogen startups
entrackr.com
With an outlay of Rs 19,744 crore, NGHM rests on four pillars: Policy and Regulatory Framework, Demand Creation, R&D and Innovation, and Enabling Infrastructure.
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