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 #saas

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 #Entrackr

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 #News

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 #Entrackr

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/

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/

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/

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/

Gameskraft reports Rs 1,062 Cr profit after tax in FY23 Gameskraft has been facing regulatory fire for some time over allegations of GST tax evasion amounting to Rs 21,000 crore, even as the company discontinued its fantasy platform Gamezy. Despite the odds, the six-year-old firm managed to grow its revenue with a steady increase in profits during the fiscal year ending March 2023. The Bengaluru-based gaming company’s revenue from operations grew 24.8% to Rs 2,662 crore in FY23 from Rs 2,133 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies show. #Fintrackr #Gameskraft #Startups #StartupNews #IndianStartups #Entrackr #News https://entrackr.com/2023/12/gameskraft-reports-rs-1062-cr-profit-after-tax-in-fy23/

Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23 Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth. Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies. #Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/