Proptech firm Square Yards has crossed the 1,000 crore revenue mark during the fiscal year ending in March 2024, according to the companys provisional financial statement reviewed by Entrackr. The Gurugram-based company saw around 50% growth in its total revenue in FY24 to Rs 1,000 crore from Rs 663 crore in FY23. The operating revenue Continue reading Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 The post Square Yards breaches Rs 1,000 Cr revenue in FY24, tur

Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO. This venture is set to explore the substantial business potential of the rapidly growing gaming sector, particularly in the GenZ demographic. The new partnership with Pravis promises to strengthen StreamOs leadership in connecting brands with Continue reading Pravis acquires stake in adtech gaming platform StreamO The post Pravis acquires stake in adtech

B2B health tech platform CitiusTech has grown steadily over the past few fiscal years. The company recently claimed that it clocked $500 million revenue during FY24 which seems plausible considering its FY23 numbers. CitiusTechs revenue from operations grew 40% to Rs 3,499 crore in FY23 from Rs 2,499 in FY22, its consolidated financial statements filed Continue reading CitiusTechs revenue crosses Rs 3,500 Cr in FY23; profit tanks 85% The post CitiusTechs revenue crosses Rs 3,500 Cr in FY23; pro

D2C mens lifestyle brand DaMENSCH has raised Rs 21.62 crore (approximately $2.5 million) in its extended Series B round from existing investors. The fresh investment, which came after a gap of two years, appears to be a bridge round for the Bengaluru-based company. The board at DaMENSCH has passed a special resolution to issue 1,017 Continue reading Exclusive: DaMENSCH raises fresh capital from existing investors at flat valuation The post Exclusive: DaMENSCH raises fresh capital from existing

Eternal Capital, founded and managed by former BharatPe COO Dhruv Dhanraj Bahl, has launched its maiden VC fund with a target corpus of Rs 120 crore ($14.5 million). The fund also includes a greenshoe option of another Rs 120 crore, bringing its total capacity to Rs 240 crore ($29 million). Eternal Capital received SEBIs approval Continue reading Dhruv Dhanraj Bahl-led Eternal Capital launches $14.5 Mn VC fund The post Dhruv Dhanraj Bahl-led Eternal Capital launches $14.5 Mn VC fund appeared fi

Fresh From Farm, a B2B2C platform for fresh fruit demand, has raised $2 million in its pre-Series A round led by Ashish Kacholia, founder of Lucky Investments. Inflection Point Ventures also participates in the round. The proceeds will be used for team expansion, tech enhancement, and to introduce new product lines. Fresh From Farm has Continue reading Fresh From Farm raises $2 Mn in pre Series A round The post Fresh From Farm raises $2 Mn in pre Series A round appeared first on Entrackr .

Dexif, a fixed income products platform, has raised $4 million in its first institutional funding round from RTP Global. Previously, the Noida-based startup had raised about $1 million from RTP Global and angel investors in the past. According to an ET report, the proceeds will be used to scale up its technology platform, attract top Continue reading Fixed income startup Dexif raises $4 Mn The post Fixed income startup Dexif raises $4 Mn appeared first on Entrackr .

The year 2024 started on a good note for Indian startups: an average of $1 billion in monthly funding, which is a significant growth when compared to the previous year during which monthly funding went below $500 million three times. In April 2024, however, startups crossed the $1 billion threshold on the back of a Continue reading Layoffs, departures continue as Indian startups raise $1 Bn in April: Report The post Layoffs, departures continue as Indian startups raise $1 Bn in April: Report ap

Freshworks founder Girish Mathrubootham has stepped down from the position of chief executive officer after 14 years. While Mathrubootham is transitioning into the role of executive chairman, company president Dennis Woodside has been elevated as the new CEO. As I pass the baton to Dennis and move into my new seat as Executive Chairman, I Continue reading Freshworks appoints Dennis Woodside as CEO, founder Girish Mathrubootham becomes exec chairman The post Freshworks appoints Dennis Woodside a

Agritech startup Bijaks gross revenue flew 13X in the fiscal year ending March 2023 as compared to FY22. Moreover, the Gurugram-based company also managed to cut its losses by over 16% in the same period. Bijaks gross revenue (aka gross merchandise value GMV) surged 13X to Rs 807 crore in FY23 from Rs 62 Continue reading Bijaks GMV soars 13X to Rs 807 Cr in FY23; controls losses The post Bijaks GMV soars 13X to Rs 807 Cr in FY23; controls losses appeared first on Entrackr .

The Reserve Bank of India (RBI) has clarified that default loss guarantee (DLG) is not permitted for loans arranged on NBFC-P2P platforms. This clarification follows the guidelines on DLG in digital lending issued in June 2023. The central bank had stated that a regular entity must ensure that the total DLG cover on any outstanding Continue reading RBI disallows default loss guarantee on loans via NBFC-P2P partnership The post RBI disallows default loss guarantee on loans via NBFC-P2P partnersh

Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures. The fresh funding comes after a hiatus of three years for the Bengaluru-based company. The board of Niqo Robotics has passed a special resolution to issue 8,577 preference shares at a Continue reading Exclusive: Niqo Robotics raises $9 Mn in a new round The post Exclusive: Niqo Robotics raises $9 Mn in a new round appeared first on Entrackr .

E-commerce-focused logistics company Ecom Express has managed 20% year-on-year growth during the fiscal year ended March 2023. However, the companys losses skyrocketed four-fold as its shipping and employee benefits costs rose sharply in the same period. Ecom Express revenue from operations increased by 21.9% to Rs 2,548 crore in FY23 from Rs 2,090 crore in Continue reading Ecom Express revenue goes past Rs 2,500 Cr in FY23; losses surge 4X The post Ecom Express revenue goes past Rs 2,500 Cr in

Nintee, a digital health startup launched by Wingify founder Paras Chopra, has announced shutting down its operations after a year of launch. In a blog post, Chopra said that the majority of funding raised by the company is still remaining and will be returned to investors over the next few weeks. Nintee was backed by Continue reading Paras Chopras Nintee shuts down, to return investors money The post Paras Chopras Nintee shuts down, to return investors money appeared first on Entrackr .

Electric vehicle (EV) charging network Charge Zone has received a $19 million commitment from British International Investment (BII), the UKs development finance institution (DFI) and impact investor. In March last year, the Vadodara-based startup scooped up $54 million in its Series A1 funding round led by BlueOrchard Finance. Charge Zone will use the funds for Continue reading EV charging infra startup Charge Zone scoops up $19 Mn The post EV charging infra startup Charge Zone scoops up $19 M

Fintech unicorn Groww has received approval from the Reserve Bank of India to operate as a payment aggregator. The firm has joined several fintechs which recently received similar approval from the central bank. RBI has granted the licence to Groww Pay, the UPI payments platform of broking firm Groww. The licence will allow the Tiger Continue reading Groww receives RBI approval to operate as payments aggregator The post Groww receives RBI approval to operate as payments aggregator appeared firs

Lithium battery startup PointO has raised Rs 6.2 crore in a Seed funding round led by Equirus InnovateX Fund (EIF). At Pointo, we strive to replicate this impact with the introduction of lithium-ion batteries. By offering higher mileage and reducing the cost of capital, we aim to potentially triple or quadruple e-rickshaw drivers take-home income, Continue reading Equirus InnovateX Fund leads seed round in PointO The post Equirus InnovateX Fund leads seed round in PointO appeared first on Entra

Brainbees Solutionsthe parent company of kids-focused omni-channel retailer FirstCryhas refiled its draft red herring prospectus (DRHP) just days after concerns around its numbers were raised by the Security Exchange Board of India (SEBI). Last week, the firm withdrew its IPO papers as SEBI raised questions over key metrics it disclosed to investors as they had Continue reading FirstCry refiles draft IPO papers after SEBIs concern The post FirstCry refiles draft IPO papers after SEBIs concern a

Edtech space in India is already quite cluttered with a number of startups, including several unicorns, trying to carve out their own piece of the digital classroom pie. The Indian edtech market reported a total revenue of $4.3 billion in 2022, marking a CAGR of 16.8% since 2017, according to a market study. Even as Continue reading Competishun aims to help make IIT-JEE, NEET prep affordable, more accessible The post Competishun aims to help make IIT-JEE, NEET prep affordable, more accessible a

API Holdings, the parent company of online drug dispenser PharmEasy, has raised Rs 1,804 crore ($216 million) led by Ranjan Pais Manipal Education and Medical Group (MEMG) and existing investors. The fresh money, however, has come with a 90% haircut in valuation from the firms peak worth. The board at API Holdings passed a special Continue reading Exclusive: PharmEasy raises $216 Mn led by MEMG at $710 Mn valuation The post Exclusive: PharmEasy raises $216 Mn led by MEMG at $710 Mn valuation ap

Hemant Bakshi, the chief executive officer of Ola Cabs, has reportedly quit the ride-hailing firm. Bakshi was roped in as the firms CEO in January this year. A former Unilever executive, Bakshi was leading Olas mobility business along with a focus on key businesses such as financial services, logistics, and e-commerce. Bakshis departure comes at Continue reading Ola Cabs CEO Hemant Bakshi quits after just three months The post Ola Cabs CEO Hemant Bakshi quits after just three months appeared fi

Kiranatech platform 1K (formerly 1K Kirana Bazaar) secured Rs 32 crore or $4 million in its extended Series B round (bridge round) from existing investors in July last year at a 60% haircut in valuation. The sharp fall in valuation appears to be driven by the companys sluggish growth, inability to raise any large follow-on Continue reading Exclusive: Alpha Wave-backed 1K Kiranas valuation nosedives 60% in internal round The post Exclusive: Alpha Wave-backed 1K Kiranas valuation nosedives 60% in

Assert AI, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including Ramesh Hariharan (ex-CTO and co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and select individuals. The company plans to utilise the funds to Continue reading Computer vision SAAS startup Assert AI raises $4 Mn The post Computer vision SAAS startup Assert AI raises $4 Mn appeared first

Cross-border payments platform BRISKPE has raised $5 million in its seed round from PayU, the payments and fintech business of Prosus. The proceeds will be used to drive product development, talent acquisition, and business expansion, the company said in a press release. Founded by Sanjay Tripathy and Vijay Agicha, BRISKPE is primarily designed to meet Continue reading PayU invests $5 Mn in cross border payments startup BRISKPE The post PayU invests $5 Mn in cross border payments startup BRISKP

B2B animal protein marketplace Captain Fresh recorded 23X growth in its gross scale (GMV) in the last two reported fiscals: rising from Rs 33 crore in FY21 to Rs 773 crore in FY23. But this hyper-growth came at a steep cost with its losses skyrocketing 28X during the same period. Captain Fresh Indias gross revenue Continue reading Captain Fresh posts Rs 773 Cr GMV and Rs 252 Cr loss in FY23 The post Captain Fresh posts Rs 773 Cr GMV and Rs 252 Cr loss in FY23 appeared first on Entrackr .

Customer loyalty and marketing startup Reelo has raised $1 million from Silicon Valley-based angel investor Gokul Rajaram. The proceeds will be used to ramp up hiring, expand its footprint in current and new global markets, and enhance its artificial intelligence and machine learning capabilities. Founded in 2017 by brother duo Prit and Parin Sanghvi, Reelo Continue reading Reelo raises $1 Mn from Gokul Rajaram The post Reelo raises $1 Mn from Gokul Rajaram appeared first on Entrackr .

Home healthcare solution provider Portea Medical has raised around $20 million via rights issue. The capital raise comes amid its efforts to launch an initial public offering (IPO). The board at Portea has passed a special resolution to issue 69,206,452 Series D1 compulsory convertible preference shares (CCPS) at an issue price of Rs 23.96 per Continue reading Exclusive: IPO-bound Portea Medical raises $20 Mn via right issue The post Exclusive: IPO-bound Portea Medical raises $20 Mn via right i

During the week, as many as 27 Indian startups raised nearly $222.7 million in funding. These deals include 7 growth-stage deals and 17 early-stage deals. Meanwhile, three early-stage startups did not disclose the amount raised. Last week, about 37 early and growth-stage startups collectively raised around $310 million in capital. [Growth-stage deals] Among the growth-stage Continue reading Funding and acquisitions in Indian startups this week [22-27 Apr] The post Funding and acquisitions in In