• Neeman’s revenue grew 48% in FY23, losses spike 35% Hyderabad's sustainable footwear startup Neeman’s grew its revenue by 48% to Rs 69.5 crore in FY23, driven largely by fabric sales (55%) and open/close footwear (44%). Founded by Taran Chhabra, the D2C brand utilizes materials like Merino wool and recycled PET. Expenses rose 43% to Rs 103.45 crore, with materials (40%), ads (30%), and transportation (9%) as major costs. Despite revenue growth, losses widened 35% to Rs 34 crore, with EBITDA margin and ROCE at -46.07% and -113.15% respectively. #thekredible #Startup #News #Insights #Neemans #SustainableFootwear #OrganicCotton #RecycledMaterials #FootwearIndustry #EcommerceBusiness #StartupFinance #HyderabadStartups https://thekredible.com/blogs/neemans-revenue-grew-48-in-fy23-losses-spike-35
    Neeman’s revenue grew 48% in FY23, losses spike 35% Hyderabad's sustainable footwear startup Neeman’s grew its revenue by 48% to Rs 69.5 crore in FY23, driven largely by fabric sales (55%) and open/close footwear (44%). Founded by Taran Chhabra, the D2C brand utilizes materials like Merino wool and recycled PET. Expenses rose 43% to Rs 103.45 crore, with materials (40%), ads (30%), and transportation (9%) as major costs. Despite revenue growth, losses widened 35% to Rs 34 crore, with EBITDA margin and ROCE at -46.07% and -113.15% respectively. #thekredible #Startup #News #Insights #Neemans #SustainableFootwear #OrganicCotton #RecycledMaterials #FootwearIndustry #EcommerceBusiness #StartupFinance #HyderabadStartups https://thekredible.com/blogs/neemans-revenue-grew-48-in-fy23-losses-spike-35
    THEKREDIBLE.COM
    Neeman’s revenue grew 48% in FY23, losses spike 35%
    Sustainable footwear startup Neeman’s saw its top line scaling over 48% to Rs 69.5 crore in the fiscal year ending March 2023.
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  • ecommerce agency https://digitalheists.com/ecommerce-marketing-agency/ Get a Free Consultation with Digital Heists to Grow your Ecommerce Brand by 300%. Choose the Best E-Commerce Marketing Agency!
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  • Explore the essential features every eCommerce website needs to thrive. Learn about the must-have elements that drive customer engagement, enhance user experience, and boost sales. From mobile optimization to secure payment gateways, discover what makes an eCommerce site successful. #eCommerce #WebDesign #OnlineBusiness #UXDesign #DigitalMarketing Learn more: https://www.apsense.com/article/5-musthave-features-for-a-successful-ecommerce-website.html
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  • Artificial Intelligence Powered Image Modification Accelerates Ecommerce In e-commerce, time and money are crucial, with AI becoming indispensable. Expected to reach $1.3 trillion by 2032, AI solutions streamline image processing, reduce costs, and enhance photo quality. Xonique highlights how AI automates tasks like background removal and lighting adjustments, saving photographers time and improving efficiency. 78% of online retailers use or plan to use AI, highlighting its transformative impact. https://xonique.dev/blog/artificial-intelligence-image-enhances-ecommerce/ #ArtificialIntelligence
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    XONIQUE.DEV
    Artificial Intelligence Powered Image Modification Accelerates Ecommerce
    With AI, photographer could save hours of time organizing. Artificial Intelligence photographs can automatically label them according to their content
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