Latest Startup l Technology News | Entrackr
WEB1 day ago · InMobi secures $100 Mn debt financing for AI expansion. 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.
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.
Edtech company iNurture raises $10 Mn; turns profitable in FY20
WEBMar 18, 2021 · Edtech company iNurture, which provides higher education programmes in India, has raised Rs 71.5 crore or close to $10 million in what appears to be bridge financing from Kimera Ltd, a Dubai-based family office. iNurture has allotted 71,49,821 Series C CCDs of Rs 10 each to Kimera to raise the sum, regulatory filings show.
Reports - Entrackr
WEBEntrackr reports assist you to interpret the trends in Indian tech startup ecosystem. Be it fundings or investments, industry deep down, ESOPs trends, Entrackr reports are the most trustworthy source of information. Funding and acquisitions in Indian startups this …
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.
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 ...
Fintech SaaS startup Lentra bags $60 Mn from Bessemer, SIG and …
WEBNovember 14, 2022. News. Pune-based fintech SaaS startup Lentra has scooped up $60 million in a Series B round led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital. Citi Ventures, a subsidiary of the New York-based investment banker Citigroup, also participated in it.
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 ...
AgroStar scores $70 Mn in Series D round - Entrackr
WEBDecember 7, 2021. News. Omnichannel agriculture advisory and commerce marketplace AgroStar has raised $70 million in its Series D funding round from Evolvence, Schroders Capital, Hero Enterprise, and CDC. Existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures also participated in the round.
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