Paytm reports Rs 1,501.6 Cr revenue and Rs 840 Cr loss in Q1 FY25 In Q1 FY25, Paytm's operational revenue fell 33.8% to Rs 1,501.6 crore, down from Rs 2,267.1 crore in Q4 FY24, and saw a 35.87% year-over-year decline. Total revenue, including interest and gains, was Rs 1,639.1 crore. Expenses dropped 8% to Rs 2,476.4 crore, with significant cuts in employee costs and payment processing expenses. Despite a 52.6% rise in quarterly losses to Rs 840 crore, Paytm remains optimistic, citing growth in its merchant base and transaction values nearing pre-pandemic levels. #Entrackr #Startup #StartupNews #IndianStartup #Paytm #RevenueReport #FinancialResults #BusinessUpdate #Q1FY25 #FintechNews #PaytmReport https://entrackr.com/2024/07/paytm-reports-rs-1501-6-cr-revenue-and-rs-840-cr-loss-in-q1-fy25/

Moneyview set to turn unicorn in Series F round Bengaluru-based Moneyview is nearing unicorn status as it finalizes a new funding round of $50-60 million from new and existing investors, including Apis Partners and Accel. This Series F round will push the company's valuation over $1 billion. Moneyview, which offers personal and home loans, credit cards, and loans against property, has raised nearly $190 million to date. The company's revenue grew 2.6x to Rs 577 crore in FY23, with profits surging 27x. Moneyview is also set to acquire a mid-stage fintech company. #Moneyview #Entrackr #Fintrackr #News #StartupNews #IndianStartup #UnicornStartup #Fintech #InvestmentNews #FundingRound #StartupGrowth #StartupFunding UnicornJourney #InvestorNews https://entrackr.com/2024/07/exclusive-moneyview-set-to-turn-unicorn-in-series-f-round/

Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/

Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/

Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023. #Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/

Ola Electric raises Rs 100 Cr debt ahead of IPO IPO-bound Ola Electric raised Rs 100 crore ($12 million) in debt from Alteria Capital, following a $50 million debt funding from EvolutionX. The company issued 10,000 non-convertible debentures with a 13.8% interest rate. Valued at $5.4 billion, Ola Electric filed for an IPO to raise Rs 5,500 crore ($660 million). The company reported a seven-fold revenue increase to Rs 2,631 crore in FY23, despite rising losses. #Entrackr #News #StartupFunding #StartupNews #OlaElectric #IPOBound #FundingNews #DebtFunding #ElectricVehicles #EVMarket #IndiaStartups #InvestmentNews #InvestmentNews #EVGrowth https://entrackr.com/2024/06/exclusive-ola-electric-raises-rs-100-cr-debt-ahead-of-ipo/

Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/

Ixigo raises Rs 333 Cr from anchor investors ahead of IPO Le Travenues Technology Limited, the parent company of Ixigo, offered shares worth Rs 333 crore ($40 million) to anchor investors for its IPO. Ixigo's board approved issuing 3,58,11,405 shares at Rs 93 each. Key investors include SBI, HDFC, Morgan Stanley, and others. Ixigo’s IPO runs from June 10-12, 2024, with a price band of Rs 88-93. The company reported Rs 491 crore revenue and Rs 65.7 crore profit in FY24. #Entrackr #Fintrackr #News #Startup #StartupNews #IxigoIPO #TravelTech #AnchorInvestment #LeTravenuesTech #IPO2024 #StartupFunding #StockMarket #IndiaStartups #TataInvestments #TechInvestments https://entrackr.com/2024/06/ixigo-raises-rs-333-cr-from-anchor-investors-ahead-of-ipo/

Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce. #Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/

Funding and acquisitions in Indian startup this week [27 May-01 Jun] Indian startups raised $387.23 million, comprising 13 growth-stage deals totaling $309.7 million and 20 early-stage deals worth $77.53 million. Major deals include SEDEMAC, Infra.Market, and Ather Energy. Bengaluru led with 15 deals, followed by Delhi-NCR. E-commerce, fintech, and EV sectors dominated. Seed funding led with 8 deals. Funding decreased by 13% from the previous week. Notable hirings include InCred's COO appointment. Seven funds were launched, and notable acquisitions include BharatX acquiring Zenifi. ESOP buybacks and potential market moves were observed. Various financial results and news flashes were reported. Notable launches include Shopsy by Flipkart and Q-Zap by Razorpay. #Entrackr #Fintrackr #Funding #Acquisitions #Startup #WeeklyRoundup #WeeklyReport #Report #WeeklyFundingReport #StartupNews https://entrackr.com/2024/06/funding-and-acquisitions-in-indian-startup-this-week-27-may-01-jun/