Latest Startup l Technology News | Entrackr
WEB1 day ago · Exclusive: Info Edge, Pi Ventures lead Clean Electric’s Series A round. 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.
Exclusive: Infra.Market in late-stage talks to acquire Halonix
WEBDec 14, 2021 · The company is now in talks to acquire electrical company Halonix, said three people aware of the details of the conversations. “Talks have been on between the two firms for the past couple of months and reached into advanced stage. Infra.Market has also given a term sheet to Halonix,” said one of the people requesting anonymity.
Urban Ladder raised Rs 770 Cr and acquired by Reliance for
WEBNov 15, 2020 · RIL has acquired 96% stake in the Bengaluru-based firm through its wholly-owned subsidiary Reliance Retail Ventures Limited (RRVL) for a cash consideration of Rs 182.12 crore. RRVL has a further option of acquiring the balance 4% stake in Urban Ladder, as per documentation filed by RIL with Bombay Stock Exchange filings.
Exclusive: Tiger Global to lead $50 Mn round in LoadShare - Entrackr
WEBJan 28, 2022 · The new round is coming after a gap of 20 months for LoadShare which had raised around $13 million [Rs 100 crore] in its Series B round in May 2020. The Bengaluru-based company has raised close to $18 million to date. “LoadShare is all set to close a $50 million round in which Tiger Global will be the lead investor with $25-30 million ...
Oben EV raises $1.5 Mn in seed funding - Entrackr
WEBSatyaki. December 13, 2021. Snippets. EV manufacturing startup Oben EV has raised $1.5 million from investors at We Founder Circle, Rakesh Somani, Gaurav Juneja, Siddharth Shah and other angels including Sumeet Pathak, Dr. Milan Modi, and Dr. Aloknath. The firm will utilize the newly raised funds to launch their product in the market ...
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 ...
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 ...
One Impression raises over $1 Mn - Entrackr
WEBJanuary 6, 2022. Snippets. Influencer marketing platform One Impression has raised over $1 million in a strategic round from investors and celebrities including Karandeep Anand, Varun Alagh, Anupam Mittal, Rohit M.A, Ramakant Sharma, Neeraj Chopra, Zakir Khan, Kanan Gill, Masoom Minawala and a few others. The firm plans to use this investment ...
OLX India maintains profitability in FY21, but conditions apply
WEBDec 10, 2021 · Overall, profits of the company in FY21 have been similar to FY20. It recorded a dip of 1% to Rs 22.65 crore in FY21 from Rs 22.9 crore in FY20. Cash inflows of OLX India took a leap of 103% to Rs 27.54 crore in FY21 from Rs 13.53 crore in the previous fiscal year (FY20). On a unit level, the company has …