The tradition of Advent Calendars dates back to the early 19th century, with the first known Advent Calendar attributed to Gerhard Lang, a German printer and publisher. Inspired by his mother's handmade Advent calendar, Lang created the first commercial version in 1908, featuring 24 small pictures that could be affixed to a cardboard backing. https://thestartupnews.co.uk/visions-of-tomorrow-2024-calendars-reflecting-hope-and-ambition/

Kandee Factory’s revenue spikes 32% in FY23 Chennai- based confectionary brand Kandee Factory witnessed an over 32% spike in its revenue in FY23 with operations contributing over Rs 2.7 crore of the total revenue. In FY22 the company’s overall revenue stood at around Rs 2.2 crore with the entirety of the amount coming in from operations. Visit - https://thekredible.com/blogs/kandee-factorys-revenue-spikes-32-in-fy23-expenses-follow #KandeeFactory #revenue #thekredible #Startupnews

Wellness brand Fitspire grows 3.3X in scale in FY23 Delhi-based fitness brand Fitspire achieved significant growth, with FY23 revenue reaching Rs 3.36 crore, a 3.3X increase from the previous year. Despite losses amounting to Rs 2 crore, the company expanded its product range, focusing on sports nutrition and bodybuilding supplements for all age groups. FY23 expenses soared to Rs 5.6 crore, attributed to high advertising and material costs. Despite fundraising efforts and leadership stakes, the company reported negative EBITDA margin (-65.12%) and ROCE (-50.58%). #TheKredible #News #Startup #Data #Insight #Fitspire #StartupNews https://thekredible.com/blogs/wellness-brand-fitspire-grows-3-3x-in-scale-in-fy23

R for Rabbit records over 10% revenue growth in FY23, expenses rise 1.6X Baby care brand R for Rabbit reported a FY23 revenue of Rs 129 crore, marking a 10% growth from the previous year. Established in 2014, the Ahmedabad-based company offers a range of baby products and raised Rs 40 crore in funding. Despite revenue growth, losses surged from FY22's Rs 42.8 lakhs to Rs 9.9 crore in FY23. Founder Kunal Popat holds over 60% of shares, with Xponentia Capital as a major investor. Expenses, notably in ads and promotions, rose 1.6X to Rs 30 crore. #thekredible #Rabbit #Startups #News #Data #Insight #StartupNews #BabyProducts https://thekredible.com/blogs/r-for-rabbit-records-over-10-revenue-growth-in-fy23-expenses-rise-1-6x

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/

Onsurity raises $24 Mn in Series B led by IFC Employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by International Finance Corporation (IFC). Existing investors Nexus Venture Partners and Quona Capital also participated in the round. The insurtech startup will utilise this funding to work with its insurance partners to facilitate claims experience for its members, Onsurity said in a press release. Additionally, these funds will bolster the company’s vision to forge partnerships with more than 50,000 companies. #Fintrackr #News #Onsurity #Startup #StartupNews #Entrackr https://entrackr.com/2023/10/onsurity-raises-24-mn-in-series-b-led-by-ifc/

Doceree raises $35 Mn in Series B led by Creaegis Doceree, a network of physician-only platforms for programmatic messaging, has scooped up $35 million in a Series B round led by Creaegis. Existing investors Eight Roads Ventures, and F-Prime Capital also participated in the round. Previously, it raised $11 million in its Series A round in April last year. The funds will enable Doceree to accelerate product development, augment technologies, scale global expansion, and expand team, the company said in a press release. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes. #Entrackr #Fintrackr #News #Doceree #Startup #StartupNews #Creaegis https://entrackr.com/2023/09/doceree-raises-35-mn-in-series-b-led-by-creaegis/