Latest Startup l Technology News | Entrackr
WEB3 days ago · 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.
Unacademy’s revenue and losses surge over 6X in FY21 - Entrackr
WEBNov 22, 2021 · Its total annual expenses ballooned 4.5X to Rs 2,030 crore in FY21 from Rs 452 crore spent in FY20. On a unit level, Unacademy spent Rs 5.1 to earn a single rupee of revenue during FY21. As a result, the EBITDA margin for the growth stage company stood at -320.3% while annual losses have ballooned nearly 6X to Rs 1,537.5 crore during FY21.
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 ...
Funding and acquisitions in Indian startup this week [19 - 24 Aug]
WEBAug 24, 2024 · Funding and acquisitions in Indian startup this week [19 – 24 Aug] Shashank Pathak & Md Salman Ashrafi. August 24, 2024. Report, Weekly Funding Report. During the week, 21 Indian startups raised around $144.46 million in funding. These deals count 5 growth-stage deals and 13 early-stage deals while 3 early-stage startups kept their ...
Lenskart’s FY21 revenue growth stalls, profit soars 4.6X - Entrackr
WEBFeb 17, 2022 · Even with flat revenue during FY21, the company has managed to increase annual profits by nearly 4.6X to Rs 28.92 crore in the fiscal year as compared to Rs 6.32 crore booked during FY20. This is due to the 83.5% growth in the non-operating income generated by the company during the last fiscal. While …
Unpacking BharatPe’s latest round and ownership structure
WEBAug 26, 2021 · According to Fintrackr’s estimates, BharatPe has raised the fresh round at a post-money valuation of $2.9 billion. Current shareholding structure of BharatPe. Following the allotment of fresh shares, Sequoia has emerged as the largest stakeholder in BharatPe with 18.58% stake followed by Coatue, Ribbit, Grace Software Holding and Beenext ...
BharatPe spent Rs 229 Cr to generate revenue of Rs 6 Cr in FY20
WEBSep 16, 2021 · Further, BharatPe’s IT costs jumped 7.3X to Rs 4.06 crore whereas legal and professional costs shot up 6X to Rs 5.2 crore during FY20.During FY20, BharatPe posted an annual loss of Rs 216.32 crore, ballooning 9.4X from the Rs 23.02 crore in FY19. With an abysmal EBITDA margin of -1684.4% during FY20, the …
boAt revenue crosses Rs 1,500 Cr in FY21; spent only Rs 14
WEBJan 12, 2022 · On a unit level, boAt spent Rs 0.94 to earn a single rupee of revenue during FY21. Profitable since inception, the wearable brand’s annual profits surged nearly 61% to Rs 78.6 crore during FY21 from Rs 48.8 crore during FY20. However, its EBITDA margins actually dropped by 237 BPS to 8.34% during FY21 from the margin of 10.71% in FY20.
Amazon acquires social commerce startup GlowRoad - Entrackr
WEBApril 22, 2022. News. Amazon finally has stakes in the social commerce space in a bid to compete with both Meesho and Flipkart. The e-commerce giant has acquired social commerce platform GlowRoad—a company that lets people resell products from suppliers for a commission on sales. An Amazon spokesperson confirmed the acquisition to Entrackr.
The landscape of EV startups in India: Entrackr report
WEBSep 28, 2022 · As per the report by Ernst & Young, India’s electric vehicle industry attracted massive investments of about $6 billion in 2021 and is projected to attract $20 billion by 2030. To put that in context, the passenger car market was valued at $32.70 billion in 2021, and is expected to reach a value of $54.84 billion by 2027.