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- Indian startups raised $1.3 Bn in May, highest funding in 2024 so far
In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong.
#Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups
https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/
Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/ENTRACKR.COMIndian startups raised $1.3 Bn in May, highest funding in 2024 so farInvestments in Indian startups reached a new height in May as the total funding influx crossed the $1.3 billion threshold0 Commentarii 0 Distribuiri 59 Views 0 previzualizareVă rugăm să vă autentificați pentru a vă dori, partaja și comenta! - Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24
Nykaa, an online fashion and beauty commerce platform, reported a 24.1% growth in revenue, reaching Rs 6,386 crore in FY24, up from Rs 5,144 crore in FY23. Profit after tax surged by 90.5% to Rs 40 crore. Despite a 6.8% sequential drop in Q4 revenue, total income for the year stood at Rs 6,416 crore. Costs related to procurement and operations increased, but effective cost management led to improved profitability. The company also announced new ESOP options for employees.
#Fintrackr #News #Startups #StartupNews #Nykaa #RevenueGrowth #ECommerceSuccess #FashionTech #Entrackr
https://entrackr.com/2024/05/nykaa-posts-rs-6386-cr-revenue-and-rs-40-cr-pat-in-fy24/
Nykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24 Nykaa, an online fashion and beauty commerce platform, reported a 24.1% growth in revenue, reaching Rs 6,386 crore in FY24, up from Rs 5,144 crore in FY23. Profit after tax surged by 90.5% to Rs 40 crore. Despite a 6.8% sequential drop in Q4 revenue, total income for the year stood at Rs 6,416 crore. Costs related to procurement and operations increased, but effective cost management led to improved profitability. The company also announced new ESOP options for employees. #Fintrackr #News #Startups #StartupNews #Nykaa #RevenueGrowth #ECommerceSuccess #FashionTech #Entrackr https://entrackr.com/2024/05/nykaa-posts-rs-6386-cr-revenue-and-rs-40-cr-pat-in-fy24/ENTRACKR.COMNykaa posts Rs 6,386 Cr revenue and Rs 40 Cr PAT in FY24Nykaa’s revenue from operations saw a 24.1% increase to Rs 6,386 crore in FY24 from Rs 5,144 crore in FY23,0 Commentarii 0 Distribuiri 94 Views 0 previzualizare - Compliance automation startup Sprinto raises $20 Mn led by Accel
Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures. Visit - https://entrackr.com/2024/04/compliance-automation-startup-sprinto-raises-20-mn-led-by-accel/
#funding #indianstartups #startupsfunding #entrackr #Sprinto #saasCompliance automation startup Sprinto raises $20 Mn led by Accel Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures. Visit - https://entrackr.com/2024/04/compliance-automation-startup-sprinto-raises-20-mn-led-by-accel/ #funding #indianstartups #startupsfunding #entrackr #Sprinto #saasENTRACKR.COMCompliance automation startup Sprinto raises $20 Mn led by AccelSprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel.0 Commentarii 0 Distribuiri 177 Views 0 previzualizare - Funding and acquisitions in Indian startups this week [01-06 Apr]
This week as many as 30 Indian startups raised $172.71 million in funding. These deals include eight growth-stage deals and 16 early-stage deals. Visit - https://entrackr.com/2024/04/funding-and-acquisitions-in-indian-startups-this-week-01-06-apr/
#Funding #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #EntrackrFunding and acquisitions in Indian startups this week [01-06 Apr] This week as many as 30 Indian startups raised $172.71 million in funding. These deals include eight growth-stage deals and 16 early-stage deals. Visit - https://entrackr.com/2024/04/funding-and-acquisitions-in-indian-startups-this-week-01-06-apr/ #Funding #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #EntrackrENTRACKR.COMFunding and acquisitions in Indian startups this week [01-06 Apr]This week as many as 30 Indian startups raised $172.71 million in funding. These deals include eight growth-stage deals and 16 early-stage deals.0 Commentarii 0 Distribuiri 141 Views 0 previzualizare - Myntra claims positive EBITDA in the last two quarters
Myntra has announced that it turned operationally profitable in the last two quarters of the calendar year 2023. Myntra recorded 25% growth in scale to Rs 4,375 crore during FY23 as compared to Rs 3,501 crore in FY22. https://entrackr.com/2024/03/myntra-claims-positive-ebitda-in-the-last-two-quarters/
#Myntra #Flipkart #Entrackr #NewsMyntra claims positive EBITDA in the last two quarters Myntra has announced that it turned operationally profitable in the last two quarters of the calendar year 2023. Myntra recorded 25% growth in scale to Rs 4,375 crore during FY23 as compared to Rs 3,501 crore in FY22. https://entrackr.com/2024/03/myntra-claims-positive-ebitda-in-the-last-two-quarters/ #Myntra #Flipkart #Entrackr #NewsENTRACKR.COMMyntra claims positive EBITDA in the last two quartersMyntra announced that it turned operationally profitable in the last two quarters of the calendar year 20230 Commentarii 0 Distribuiri 171 Views 0 previzualizare - Indian Startups Monthly Funding Report - February
Indian startups mopped up nearly $900 million across 121 deals in February. This included 25 growth-stage deals worth $585 million and 83 early-stage deals amounting to $313.5 million. There were 13 undisclosed rounds.
Visit - https://entrackr.com/2024/03/indian-startups-raise-900-mn-in-february-report/
#IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #EntrackrIndian Startups Monthly Funding Report - February Indian startups mopped up nearly $900 million across 121 deals in February. This included 25 growth-stage deals worth $585 million and 83 early-stage deals amounting to $313.5 million. There were 13 undisclosed rounds. Visit - https://entrackr.com/2024/03/indian-startups-raise-900-mn-in-february-report/ #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #EntrackrENTRACKR.COMIndian startups raise $900 Mn in February: ReportIndian startups mopped up nearly $900 million in funding across 121 deals in February, as per data compiled by TheKredible.0 Commentarii 0 Distribuiri 319 Views 0 previzualizare - Funding and acquisitions in Indian startups this week [19-24 Feb]
This week as many as 26 Indian startups raised funding amounting to nearly $129.5 million. These deals count five growth-stage deals and 19 early-stage deals.
#Funding #acquisitions #Indianstartups #Entrackr
https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-19-24-feb/Funding and acquisitions in Indian startups this week [19-24 Feb] This week as many as 26 Indian startups raised funding amounting to nearly $129.5 million. These deals count five growth-stage deals and 19 early-stage deals. #Funding #acquisitions #Indianstartups #Entrackr https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-19-24-feb/ENTRACKR.COMFunding and acquisitions in Indian startups this week [19-24 Feb]This week as many as 26 Indian startups raised funding worth $129.5 million. These deals count five growth-stage and 19 early-stage deals0 Commentarii 0 Distribuiri 277 Views 0 previzualizare - Bengaluru gears up for Unicorn Premier League 2024
Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024.
The 10-day long event with 34 matches between 12 teams will see the first set of games played between Flipkart, Zerodha, boAt and Pine Labs. Other teams throughout the league include Razorpay, Apna, Meesho and Groww.
#UPL #UnicornPremierLeague #startups #Entrackr #Flipkart #Zerodha #boAt #PineLabs #Razorpay #Apna #Meesho #Groww
https://entrackr.com/2024/02/bengaluru-gears-up-for-unicorn-premier-league-2024/Bengaluru gears up for Unicorn Premier League 2024 Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024. The 10-day long event with 34 matches between 12 teams will see the first set of games played between Flipkart, Zerodha, boAt and Pine Labs. Other teams throughout the league include Razorpay, Apna, Meesho and Groww. #UPL #UnicornPremierLeague #startups #Entrackr #Flipkart #Zerodha #boAt #PineLabs #Razorpay #Apna #Meesho #Groww https://entrackr.com/2024/02/bengaluru-gears-up-for-unicorn-premier-league-2024/ENTRACKR.COMBengaluru gears up for Unicorn Premier League 2024Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024.0 Commentarii 0 Distribuiri 762 Views 0 previzualizare - Indian startups raised more than $11 Bn in 2023: Report
In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends.
#Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews
https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/
Indian startups raised more than $11 Bn in 2023: Report In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends. #Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/ENTRACKR.COMIndian startups raised more than $11 Bn in 2023: ReportAccording to startup data intelligence platform TheKredible, nearly 984 startups raised venture funding worth more than $11 billion in 2023.0 Commentarii 0 Distribuiri 985 Views 0 previzualizare - 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/
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/ENTRACKR.COMBluSmart raises $24 Mn from existing investors, founders and leadership teamBluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, has raised $24 million in a new equity round.0 Commentarii 0 Distribuiri 966 Views 0 previzualizare
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