LEAD plugs losses in FY23 as revenue grows 2X to Rs 273 Cr Edtech unicorn LEAD has achieved a two-fold growth in revenue while simultaneously reducing expenses by over 14% in the fiscal year ending March 2023. To put this into perspective, LEAD had a similar growth trajectory in the previous fiscal year but losses had soared three-fold. LEAD’s operating income in FY23 jumped to Rs 273.2 crore as compared to Rs 132.37 crore in FY22, according to the company’s filings with the Registrar of Companies. #Lead #Fintrackr #Startup #News #StartupNews https://entrackr.com/2023/09/lead-plugs-losses-in-fy23-as-revenue-grows-2x-to-rs-273-cr/

Inflexor-backed Kale Logistics raises $30 Mn in Series B Kale Logistics has raised $30 million in a Series B funding round led by the private equity fund, Acreages Advisors. In June 2020, the logistics-focused SaaS firm raised $5 million in a Series A round led by Inflexor Ventures. The company also raised a small tranche in September last year at a valuation of $75 million. The company has not disclosed its valuation in the fresh round. Kale Logistics intends to use the fresh funds to expand its business reach across the US and Europe, according to the company’s press statement. #News #KaleLogistics #Entrackr #Fintrackr https://entrackr.com/2023/09/inflexor-backed-kale-logistics-raises-30-mn-in-series-b/

Amazon-backed M1xchange’s scale grows 2X in FY23, losses shrink M1xchange, a platform that facilitates digital invoicing and discounting for MSMEs, corporates, and financiers, has posted over two-fold growth in its operating scale during the fiscal year ending March 2023. The company also managed to cut down losses marginally. #Amazon #News #Fintrackr #Startup https://entrackr.com/2023/08/amazon-backed-m1xchange-scale-grows-2x-in-fy23-losses-shrink/

XpressBees acquires courier firm Trackon XpressBees has acquired the logistics and supply chain firm, Trackon. The deal also marks the first acquisition for the e-commerce-focused logistics startup since its inception in 2015. Last month, Entrackr exclusively reported about the development. #XpressBees #Startup #news #fintrackr https://entrackr.com/2023/08/xpressbees-acquires-courier-firm-trackon/

Country Delight posts Rs 543 Cr revenue in FY22, losses surge 6.6X Country Delight’s scale rose nearly 70% to cross the Rs 500 crore revenue mark in the fiscal year ending March 2022. The losses, however, for the D2C dairy brand shot up 6.6X during the same period. #fintrackr #CountryDelight #News #StartupNews https://entrackr.com/2023/08/country-delight-posts-rs-543-cr-revenue-in-fy22-losses-surge-6-6x/

Hindustan Unilever-owned Oziva’s scale falls 20% in FY23, losses shrink 31% In contrast to the five-fold expansion it had between FY20 and FY22, D2C nutrition company Oziva closed the fiscal year with a 20% decline in scale after being acquired by FMCG behemoth Hindustan Unilever. #fintrackr #news #hindustanunilever #oziva https://entrackr.com/2023/07/hindustan-unilever-owned-ozivas-scale-falls-20-in-fy23-losses-shrink-31/

Sleepwell-parent acquires Kurlon Sleepwell plans to buy about 35% of Furlenco for Rs 300 crore in cash, subject to typical working capital and other adjustments. This puts the Bengaluru-based company's valuation at over Rs 857 crore (more than $100 million). The business also said that it will pay Rs 2,035 crore for a controlling interest (94.66%) in Kurlon Enterprises, which controls the Kurlon brand. Kurlon will be worth roughly Rs 2,150 crore ($260 million) after the transaction. #sleepwell #kurlon #BusinessNews #Furlenco #Entrackr #news https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlen

RenewBuy secures $40 Mn in ongoing Series D round Dai-ichi Life Holdings Inc., a large Japanese insurance company, has contributed $40 million to RenewBuy's ongoing Series D funding round. This represents the company's first fundraising effort in 2023. #RenewBuy #funding #Entrackr #News #Startup #StartupNews https://entrackr.com/2023/07/renewbuy-secures-40-mn-in-ongoing-series-d-round/

Uber leads $20 Mn round in Everest Fleet Mobility startup Everest Fleet has closed a $20 million funding round led by the global ride hailing major Uber. Before this, the company had raised nearly $8 million in equity capital across three rounds. #Uber #Acquisition #businessnews #BusinessStartupNews #Entrackr #startupfundingindia #startupsnews #funding https://entrackr.com/2023/06/uber-leads-20-mn-round-in-everest-fleet/

Aquaconnect scales up 7.5X to Rs 34.5 Cr in FY22 Fullstack aquaculture startup Aquaconnect has grown at a rapid clip in the last few years that can be witnessed from over 14X jump in its operating scale to Rs 34 crore in FY22 from Rs 2.4 crore in FY20. #Aquaconnect #Acquisition #businessnews #BusinessStartupNews #Entrackr #startupfundingindia #startupsnews #funding https://entrackr.com/2023/06/aquaconnect-scales-up-7-5x-to-rs-34-5-cr-in-fy22/