Latest Startup l Technology News | Entrackr
WEB2 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.
BigBasket acquires DailyNinja, targets 2X growth for bbdaily
WEBMarch 24, 2020. BigBasket, News. BigBasket has announced the acquisition of DailyNinja at a time when grocery and micro delivery startups are facing challenges in executing deliveries due to lockdown in most parts of the country over Covid-19. Both firms have been busy finalising the acquisition for several months.
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 ...
Unacademy valuation spikes over 70% to $3.44 Bn as it raises
WEBAug 2, 2021 · Unacademy has raised the fresh round at a post-money valuation of $3.44 billion, said the company in a press release. This is a more than 70% jump in the company’s valuation since its last round when it was valued at $2 billion in November 2020. Gaurav Munjal, co-founder and CEO of Unacademy said that the …
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 ...
Exclusive: BharatPe enters PoS business with no charges for
WEBJune 23, 2020. Exclusive. Merchant focused QR code-based payments firm BharatPe has entered the point of sale (PoS) business, said two sources aware of the development. The company now joins incumbents including Pine Labs, Mswipe, Innoviti, Jio and PhonePe and Paytm that have launched their PoS machines. “The PoS machine will be called Bharat ...
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.
Exclusive: Ritesh Agarwal leads fresh investment in Magicpin
WEBAug 30, 2021 · Lightspeed and Agarwal have invested $1 million each in the company while The Bunting Family and Moonstone have put in the remaining amount. According to Fintrackr’s estimates, Magicpin has raised the fresh capital at a post-money valuation of $165 million (Rs 1,220-1,235 crore). The company was reportedly valued at around $147 million in May ...
Healthtech startup Sugar.fit raises $11 Mn in Series A - Entrackr
WEBOct 31, 2023 · Health-tech startup Sugar.fit has raised $11 million in its Series A funding round led by MassMutual Ventures with participation from existing investors including Cure.fit (now Cult.fit), Tanglin Venture Partners, and Endiya Partners. Cult.fit also actively supports the Sugar.fit team with its fitness and wellness content, and access to its ...